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Gervin Alonso

Update on Gervin Alonso

Gervín is a very entrepreneurial, honest, and hardworking person who lives with his wife in the South of Honduras. His business is selling cell phone minutes.

Gervin needs a loan in order to buy phone cards to add minutes to cell phones. With this loans, he hopes that his business' sales will increase by having more phone card options for the customers who visit each day or call him to ask for his services and to fulfill all their needs. At the same time, he wants to continue improving his family's quality of life.

Gervin wants his business to grow and become a large internet cafe in the future and continue to support his family, who are currently quite poor.

Choluteca, Honduras – October, 2012
View original language description ↓
Don Gervín es una persona muy emprendedora, honesto y trabajador junto con el viven su esposa en el al Sur de Honduras. Su negocio es la venta de recargas telefónicas.
Don Gervin el préstamo lo necesita para la compra de: recargas. Con el préstamo el espera que sus ventas en su negocio aumenten al tener más saldo de recargas que ofrecer a los clientes que lo visitan a diario o lo llaman para solicitarle este servicio y cubrir las necesidades de los mismos, así mismo seguir mejorando la calidad de vida de su familia.
Don Gervin en el futuro él desea que su negocio crezca hasta convertirse en un cibernet grande de la zona y poder seguir apoyando a su familia ya que son personas de escasos recursos económicos.
Choluteca, Honduras – octubre 2012

Previous Loan Details

Gervín is a person who is 100% dedicated to his own business; he has had a business selling mobile phones, chargers and phone cards in Namasigue, Choluteca for over six years. Gervín is the father of two young children who attend the local school in the community. He also gets support from ... More from Gervin Alonso'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.

About Honduras

  • $4,200
    Average annual income
  • 25
    View loans »
    Honduras Loans Fundraising
  • $8,241,875
    Funds lent in using Kiva
  • 19.7
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Gervin Alonso to buy phone cards for his business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2012
Listed
Nov 6, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013