Gs Cedeño 4 Group
José needs the loan to buy clams, fish and a drag-net to fish. He expected effect from the loan is that his sales will grow considerably since he will buy enough products to fill each one of his customer orders because he has much demand due to the quality of his products.
José’s future plan is to continue growing in his own business as well as to generate higher income to provide a better education for his children and also to have a better quality of life.
Olivia and María work full-time in their seafood business which is their source of income.
Choluteca, Honduras - July, 2012
Don José el crédito lo necesita para la compra de: curiles, pescado y trasmayo de pescar. El impacto esperado con el crédito, es que sus ventas crezcan en gran manera, ya que comprara bastante producto para satisfacer cada uno de los pedidos que le hacen sus clientes, ya que por la calidad de sus productos tiene mucha demanda.
Los planes a futuro de Don José es seguir creciendo en su negocio propio, como también generarse mejores ingresos para darle una mejor educación a sus hijos de igual manera tener una mejor calidad de vida.
Olivia y María se dedican tiempo completo a su negocio de venta de Mariscos ya que es su fuente de ingresos.
Choluteca, Honduras - Julio del 2012
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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid