Update on Maria TeresaTeresa, 30, lives in the south of Honduras with her children and husband who supports her economic activity. Her business is selling food and snacks, work she’s been doing for five years. Her business is located in a strategic spot with many passersby and this makes it highly visited.
Teresa needs the loan to buy corn, beans, rice, meat, eggs, canned goods, soft-drinks, vegetables, etc. She expects the impact of this loan will be greatly increased sales because she will buy quite a bit of product to be able to meet each and every order placed daily by her customers. In the future, Teresa plans to continue growing with her commercial activity and come to own a restaurant to generate better income and provide better quality of life for her family.
Choluteca, Honduras - October, 2012
Doña Teresa el crédito lo necesita para la compra de maíz, frijoles, arroz, carne, huevos, embutidos, refrescos, verduras etc. El impacto esperado con el crédito es que sus ventas crezcan en gran manera, ya que comprara bastante producto y así poder satisfacer cada uno de los pedidos que le hacen a diario sus clientes.
Doña Teresa los planes a futuro es seguir creciendo en su actividad comercial y llegar a tener un restaurante, para generarse mejores ingresos y darle una mejor calidad de vida a su familia.
Choluteca, Honduras - Octubre del 2012
Previous Loan DetailsTeresa is 32 years old, she lives in the Palo Herrado village with her two children and her husband, and both work hard to pay for their household expenses. Teresa is very hardworking and she engages in selling breakfast and lunch meals and sweets, an activity she has been engaged in for 3 years.... More from Maria Teresa'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