Update on Marvin NoeMarvin is 29 years old, he's married and has a son who is dependent on him. He dedicates himself to providing repair services for bicycles and motorcycles and he also sells tires, wheels, and bike parts.
He lives in a colony of the city of San Lorenzo in southern Honduras. This time, Marvin is requesting a loan of 15,000 lempiras to buy tires, wheels, and bike parts. With the help of this loan, Marvin wants to replace the need for financing he has to carry out his project, and meet the demand of his customers.
Marvin's dream is to have a good home so his children can be good and improve his business.
San Lorenzo, Honduras - August 2012.
Marvin esta solicitando el préstamo de 15,000.00 lempiras en esta ocasión para comprar llantas, rines y repuestos para bicicleta.
Con el apoyo de este préstamo Marvin desea suplir la necesidad de financiamiento que tiene para llevar a cabo su proyecto y suplir la demanda que le hacen sus clientes.
Marvin su sueño es tener una buena casa para que su hijos esté bien y mejorar más su negocio.
San Lorenzo, Honduras - Agosto del 2012.
Previous Loan DetailsMarvin is 28 years old, married, and doesn’t have children. He lives with his parents, and dedicates himself to providing repair services for bicycles, motorcycles, and some automobile parts. In his business, he sells used car tires, oil for cars and motorcycles, and all types of bicycle… More from Marvin Noe'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