Update on Lorena ElizabethLorena prepares and sells sweets and food for a living. She has been running this business from home for the past 15 years, with the help of her husband and children. Lorena’s main customers are her friends and neighbours from the area where she lives. Her house is on the main street where there is good passing trade: people, taxi drivers, and the tobacco factory near her house increases hers profits. Lorena sells in the afternoon, taking advantage of the time when the factory workers finish their working day, to offer them her wares on their way home. She also sells new clothes and mobile phones, but her main business activity is the preparation of sweets and food. Lorena is a spirited, friendly and cheerful person, which means that her customers prefer her. She is applying for the loan to buy fat, eggs, beans, tortillas, cheese, meat, lemons, rice, potatoes, cassava, salt, etc. - basic ingredients that she needs to prepare her sweets and take advantage of the Christmas period to increase her sales.
Danli, Honduras – November 2012.
Doña Lorena sus principales clientes son los amigos y vecinos de su colonia, su casa esta ubicada en la calle principal donde el trafico de personas y de taxistas es mayor y en las cercanías de su casa funciona una fabrica de tabacos lo que le incrementa sus ganancias.
Doña Lorena realiza sus ventas en horas de la tarde y aprovecha cuando los trabajadores de la fábrica salen de sus jornadas para ofrecer su producto. También se dedica a la venta de ropa nueva y celulares pero su actividad principal es la elaboración y venta de golosinas y comidas.
Doña Lorena es una persona muy luchadora, amable y alegre lo que le permite que sus clientes la prefieran, está solicitando el préstamo para la compra de manteca, huevos, frijoles, tortillas, queso, carne, limones, arroz, papas, yuca, sal, etc. insumos que necesita para elaborar sus golosinas y aprovechar la temporada navideña para incrementar sus ventas.
Danlí, Honduras – Noviembre del 2012
Previous Loan DetailsMs. Lorena is 40 years old and has a live-in partner. She prepares and sells food and sweets from home for a living. She prepares her dishes very early every morning. However, Lorena does not have the capital necessary to purchase the ingredients to prepare her dishes, which is why she is… More from Lorena Elizabeth'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