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Ojo De Agua 1 Group
In this Group: Fredys Argentina, Delia Dinoria , Cristina Del Carmen

Update on Ojo De Agua 1 Group

Fredys is very hard-working and lives with her husband and children in the municipality of Triunfo, in southern Honduras. Her business is a small grocery store. Fredys needs the loan to buy corn, beans, rice, coffee, sugar, cheese, butter, refreshments, etc. With the loan, she wants to have more products to offer to her customers and therefore increase her income to improve her lifestyle.

In the future, Fredys wishes to have a mini market and at the same time keep supporting the education of her children in order for them to be good people with better opportunities.

Delia is 45 years old, and her business is a small grocery store, where she also sells bike parts, located in the same community as Fredys.

Cristina is 43 years old, and her business is to sell refreshments, churros and sandals in the land close to her community where the melon labors work.

Choluteca, Honduras - August 2012
View original language description ↓
La Señora Fredis es una persona muy trabajadora vive con su esposo y sus hijos, en el municipio de el Triunfo al sur de Honduras.
Su negocio es una pulpería Doña Fredis el préstamo lo necesita para la compra de maíz, frijoles, Arroz, Café, Azúcar, Queso, Mantequilla, refrescos etc. Con el préstamo ella espera tener más productos que ofreces a sus clientes y así aumentar sus ingresos para mejorar su estilo de vida.
Doña Fredis en el futuro desea tener un mini mercadito y su vez seguir apoyando a sus hijos en la educación y que sean personas de bien y con mejores oportunidades.
Doña Delia tiene 45 años de edad su negocio es una pulpería y venta de repuestos para bicicleta ubicada en la comunidad al igual que Doña Fredis.
Doña Cristina tiene 43 años de edad su negocio es la venta de refrescos, churros y sandalias en los campos de trabajadores de las meloneras cercanas a su comunidad.
Choluteca, Honduras – Agosto 2012

Previous Loan Details

The “Ojo de Agua” group is located in the community of Triunfo, Choluteca Department. This group is composed of three women who have known each other for a long time and have decided to form a group to get ahead with their businesses and families. The group coordinator is Fredys who sells daily... More from Ojo De Agua 1 Group'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.

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.

About Honduras

  • $4,800
    Average annual income
  • 84
    View loans »
    Honduras Loans Fundraising
  • $8,816,850
    Funds lent in using Kiva
  • 19.6
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of Ojo De Agua 1 Group's $1,650 loan helped a member to buy corn, beans, rice, coffee, sugar, cheese, butter, refreshments, etc. for her business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Aug 31, 2012
Sep 26, 2012
Currency Exchange Loss:
May 17, 2013