Update on RosauraDoña Rosaura is a 39 year-old single mother with three daughters, who are students and still dependent on her. She has been selling flour tortillas for the past six years. She learned the business when she worked in a tortilla-making factory. Now she works with one of her daughters. They make the tortillas and then go out to sell them beginning at 5 a.m. and work until 5 p.m. One of the advantages she has is that she attracts many customers, however it is difficult for her to sell as a street vendor without a means of transportation, because she has to deal with the changes in the weather.
The loan that Doña Rosaura is requesting is to stock her business by purchasing products such as flour, eggs, salt, lard and firewood, among other items. She also wants to see to it that her workspace is in better condition. Her greatest desire is to finish building her house so that she does not have to continue renting. One of her goals is to own a well-equipped tortilla factory and increase her earnings, thereby improving her household finances.
Previous Loan DetailsDoña Rosaura is a single mother. She is 39 years old and has three daughters who are students and still depend on their mother. Doña Rosaura has worked selling flour tortillas for six years. She learned the business when she worked in a tortilla factory. She works together with her three daug... More from Rosaura's previous loan »
About FAMA:Honduras is one of the poorest countries in the Western Hemisphere with approximately 59% of people living below the poverty line. Familia y Medio Ambiente OPDF (FAMA OPDF) is a Honduran non-profit with no religious or political affiliation. FAMA’s mission is to provide quality and opportune financial services so that men and women have equal opportunities to develop their micro or small businesses, whether they focus on agriculture, manufacturing or services. FAMA operates 13 branches throughout Honduras and serves over 12,500 clients.
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
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Nov 7, 2012
- Dec 6, 2012
- Currency Exchange Loss:
- Oct 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.