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Wilfredo

Update on Wilfredo

Wilfredo is 50 years old. For more than 30 years he has had a small workshop making and selling belts, offering his customers quality work. It is located in his home, and he has two employees who help him make the belts.

He goes to sell in Olancho, Choluteca and Comayagua, where he already has several customers such as stores that buy his product at wholesale.

He works Monday to Saturday, as Sunday he devotes to going to church. His work begins at 8:00 a.m. and goes until 5:00 p.m.

Thanks to the income he has earned in his business, he has managed to support his children and carry out improvements to his home.

Wilfredo is applying for a loan in the amount of 25,000 lempiras, in order to invest it in the purchase of leather, buckles, clasps, thread, glue and lining. He hopes to have the support of the institution in stocking his business.

His plan for the future is to have a strong and profitable business so that he can support his family.

Tegucigalpa, Honduras – July 2012
View original language description ↓
Don Wilfredo, tiene 50 años de edad, El se dedica a su pequeño taller de Elaboración y Venta de Fajas, desde hace mas de 30 años, ofreciéndole a sus clientes calidad en su trabajo, esta ubicado en su casa de habitación, cuenta con dos empleados que le ayudan en la elaboración de las fajas, el sale a vender a Olancho, Choluteca y Comayagua, donde ya cuenta con varios clientes como tiendas que le compran su producto por mayor, trabaja de Lunes a Sábado ya que el Domingo el lo dedica para ir a la Iglesia, gracias a los ingresos que ha obtenido en su negocio ha logrado mantener a sus hijos y realizarle mejoras a su casa de habitación, su actividad comienza desde las 8:00 de la mañana hasta las 5:00 de la tarde.
Don Wilfredo esta solicitando crédito por la cantidad de L. 25,000.00 para invertirlo en la compra de suela, hebillas, broches, hilos, resistol y forros, espera contar con el apoyo de la institución para surtir su negocio.
Sus Planes a futuro es tener un negocio fuerte y rentable para el sustento de su familia.
Tegucigalpa, Honduras – Julio 2012

Previous Loan Details

Wilfredo is 48 years. He is a leather craftsman. He makes belts, sandals, keyrings, and horse saddles. All of these products are made from genuine leather. His products are sold in various departments around the country including Olancho, Comayagua, Choluteca y Danli. He has various customers... More from Wilfredo's previous loan »

Additional Information

Prisma Honduras, S.A.

This loan is administered by Prisma Honduras. Prisma is one of Kiva's first field partners in Central America and has funded over 2,500 entrepreneurs through Kiva since 2008. Prisma funds smaller than average loans for micro-entrepreneurs to help them grow businesses in urban and rural areas. To improve living conditions in Honduras, the organization strives to empower women who lack access to traditional financial services, and promotes solar panels to deliver clean, affordable electricity to rural areas. Through its four branches in southern and central Honduras, Prisma provides access to financial products to some of the poorest and most isolated communities in the country.

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.

About Honduras

  • $4,200
    Average annual income
  • 23
    View loans »
    Honduras Loans Fundraising
  • $8,153,025
    Funds lent in using Kiva
  • 19.1
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Wilfredo to buy leathers, buckles, clasps, thread, glue and linings for his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Aug 5, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013