Update on Juan ManuelJuan is 44 years old. He is the father of two children and lives in a home he owns with his wife in the community of San Lorenzo in southern Honduras. For 2 years he has worked in the business of selling milk and fruit. He also works as a bricklayer.
Juan is asking for a loan of 8,000.00 lempiras to buy fertilizer, cement and blocks that he needs to build a room for his children. With the support of this loan, Juan wants to have the financing he needs to complete his project and stay on in his business.
What Juan wants is to improve his home and have good cattle so he can generate good income with milk production.
San Lorenzo, Honduras - August, 2012.
Don Juan esta solicitando el préstamo de 8,000.00 lempiras para comprar fertilizantes y cemento y bloques que el necesita para empezar a construir un cuarto para sus hijos.
Don Juan con el apoyo de este préstamo el desea suplir la necesidad de financiamiento que necesita para llevar a cabo su proyecto y seguir con su negocio.
El deseo de Don Juan es mejorar su casa y tener buen ganado que le genere buenas ganancias con la producción de leche.
San Lorenzo, Honduras - Agosto del 2012.
Previous Loan DetailsJuan Manuel lives with his wife and two children in their home which is located in the small village of La Chileza. He carries out a number of different business activities such as raising livestock, providing transportation services and selling seasonal fruit. He is requesting a loan for 5,000... More from Juan Manuel'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