Update on Sandra MargaritaSandra Margarita, 59, is married and the mother of four children. She lives in the La Hoya neighborhood in Juticalpa Municipality. She sells ‘rosquillas’ [cookies] and quesadillas.
Sandra learned to make rosquillas and quesadillas over 30 years ago and started working with a neighbor who worked in this activity. Her products are preferred by Juticalpa residents and also by people living abroad since most of her product is purchased to be shipped to relatives or friends living in the United States. She works with her youngest son and her work day starts at 4am which is very demanding. However, once the product is out of the oven she can rest while her son takes care of customers.
The loan Sandra is requesting is needed to buy milk, corn, sugar, firewood and eggs among other products to make rosquillas and quesadillas. With support from the loan, Sandra will be able to fill some pending orders she has which will generate profits to cover some household expense like rent.
Doña Sandra aprendió a elaborar las rosquillas y quesadillas desde hace mas de 30 años y se formó trabajando con una vecina que se dedicaba a esa actividad. Su producto es muy preferido por la población Juticalpense y también por las personas que viven en el extranjero, ya que la mayor cantidad de su producto se le compran para enviarlo a familiares o amigos que viven en los Estados Unidos. Trabaja en conjunto con su hijo menor, su jornada laboral inicia a las 4:00 am lo cual es muy sacrificado pero una vez que el producto sale del horno ella puede descansar y su hijo despacha a los clientes.
El préstamo que Doña Sandra esta solicitando lo necesita para comprar leche, maíz, azúcar, leña, huevos, entre otros productos para la elaboración de las rosquillas y quesadillas. Con el apoyo del préstamo Doña Sandra podrá sacar unos pedidos que tiene pendientes de entrega y eso le generara ganancias para cubrir algunos gastos del hogar como ser el pago de alquiler.
Previous Loan DetailsSandra Margarita is 58, married, and the mother of four children. She lives in Barrio La Hoya in the Juticalpa municipality, and sells rosquillas (a traditional treat similar to doughnuts) and quesadillas. Sandra learned to make rosquillas and quesadillas more than 30 years ago. She trained b... More from Sandra Margarita'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
- 14 months (Additional Information)
- Repayment Schedule
- May 15, 2012
- Jul 3, 2012
- Currency Exchange Loss:
- Mar 27, 2013
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.