Update on Sonia EudinaSonia is 50 years old, married, and has six children. She is a very kind, helpful, and cheerful person, and she has a small grocery store in her home. Fifteen years ago, she started off selling products such as sugar, rice, and other household items. She later stocked her business with other products, which her customers recommended that she sell. She started working on her own and over time she learned how to manage her business. About five years ago, she added the sale of clothing and school supplies to her business. Her schedule of operation starts at 6am and ends at 7pm.
Sonia is requesting this loan to invest in the purchase of shoes, and different styles of clothing which are in fashion. With the support of this loan, she will be able to restock her business and continue to have a source of income so that she can help her husband support the family. Her goal is to maintain an active business and a happy family. Sonia has participated in six loan cycles with FAMA and demonstrated a good payment history with the loans she has received.
Previous Loan DetailsDoña Sonia is 50 years old, married, and has six children. She is a friendly, helpful, and cheerful person who manages a small store in her home. Fifteen years ago, she began selling products such as sugar, rice, and other household items. She later stocked her business with products that her… More from Sonia Eudina's previous loan »
About FAMA:Honduras is one of the poorest countries in the Western Hemisphere with approximately 59% of people living below the poverty line. Familia y Medio Ambiente OPDF (FAMA OPDF) is a Honduran non-profit with no religious or political affiliation. FAMA’s mission is to provide quality and opportune financial services so that men and women have equal opportunities to develop their micro or small businesses, whether they focus on agriculture, manufacturing or services. FAMA operates 13 branches throughout Honduras and serves over 12,500 clients.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid
- Repayment Term
- 4 months (Additional Information)
- Repayment Schedule
- Apr 26, 2012
- Jun 1, 2012
- Currency Exchange Loss:
- Jul 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.