Update on Olga MarinaOlga is fifty-one years old, married, and lives with her husband and son in a house located in the vicinity of the farm San Lorenzo, in the south of Honduras. She has made her living for many years selling groceries, sodas, and clothing for children and adults.
Olga is requesting this loan to buy corn, beans, rice, sugar, butter, sodas, juices, water, dairy products, sausages, meats, chicken, toilet paper, eggs, and other consumables. With the support of this loan Olga will improve her business and will have better utilities.
Olga's short-term goal is to grow her business and her dream is to continue working to improve her house both for her well-being and that of her family.
San Lorenzo, Honduras - July 2012.
Doña Olga esta solicitando este prestamo para compra de maíz, frijoles, arroz, azúcar, manteca, refrescos, jugos, agua, lácteos, embutidos, carnes, pollo, papel higiénico, huevos y otros productos de consumo, con el apoyo de este préstamo Doña Olga mejorara su negocio y tendrá mejores utilidades.
Doña Olga tiene sus metas a corto plazo de hacer crecer su negocio y su sueño es seguir trabajando para mejorar su casa para su bienestar y el de su familia.
San Lorenzo, Honduras - Julio del 2012.
Previous Loan DetailsSeñora Olga is 50. She lives in the village of La Finca with her husband and two children. She sells popular consumer items; she has a small store in her home. She gets up very early every day to open her store and tend to her customers. Her sales are good because her products are of good quality… More from Olga Marina's previous loan »
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.
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Success!! The loan was 100% repaid