Update on Gladis UbelGladis is a very entrepreneurial person who lives with her husband and three children in the southern part of Honduras. Her business is a snack shop and a cosmetics store.
Gladis needs this loan to buy cosmetics like lotions and beauty creams, and cookies, candies, churros (a fried snack), etc. With the loan, she hopes that her sales will increase at her store because she will have more products and merchandise to offer her customers when they visit each day. Thus, she will meet her customers' needs and with her income she will improve her own family's lifestyle.
Gladis hopes that in the next few years her business will continue to grow and will become a large and well-known grocery store in her neighborhood so that she can give her children the schooling they need to become good people and have more opportunities.
Choluteca, Honduras – October, 2012
Doña Gladis en unos años espera que su negocio siga creciendo y se convierta en una pulpería fuerte y reconocida de la zona y para poder darles el estudio que sus hijos necesitan para que sean personas de bien y con mayores oportunidades.
Choluteca, Honduras – Octubre 2012
Previous Loan DetailsSeñora Gladis makes her living with a small business selling churros (a doughnut-like treat), bread and candies. She has been running the business out of her home, located in the city of Choluteca, for more than 5 years. She also sells beauty products, like lotions, treatments, make-up and oth... More from Gladis Ubel'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