G.s Jerusalen Group
Update on G.s Jerusalen GroupMaría, age 37, lives in south Honduras with her children and her husband who backs her up in her business activity. Maria’s business is selling tortillas, an activity she started eight years ago in the neighborhood where she lives. Her business is in a strategic location where a lot of people pass by because it is on the main street. María distributes her products to a lot of people with whom she has been working for many years.
María needs the loan to buy lime powder, corn, and firewood. She hopes that with the loan she will be able to meet the needs of each one of her customers. This is because she will have a greater variety of products to offer them.
Maria’s future plan is to continue growing in her own business and to buy a machine to make tortillas.
José has been selling a variety of merchandise for several years, and Cristina sells tortillas and plastic ware.
Choluteca, Honduras - January, 2013
Doña María su negocio es venta de venta de tortillas actividad que realiza desde hace 8 años en el barrio donde vive, su negocio se encuentra en un punto estratégico donde la fluidez de personas es en grandes cantidades se encuentra en la calle principal.
Doña María les distribuye su producto a muchas personas con las cuales viene trabajando desde hace muchos años, el crédito lo necesita para la compra de maíz, cal y leña. Espera que con el préstamo poder satisfacer las necesidades de cada uno de sus clientes al tener más variedad de producto que ofrecerles.
Doña María los planes a futuro es seguir creciendo en su negocio propio y comprar una máquina de hacer tortillas.
Doña María junto con sus compañeros de grupo se encuentran contestos de trabajar con Prisma y esperan poder sacar adelante a su familia y que su calidad de vida mejoren un poco con el préstamo.
Don José se dedica a la venta de mercadería variada desde hace varios años.
Doña Cristina se dedica a la venta de tortillas y plásticos.
Choluteca, Honduras - Enero del 2013.
Previous Loan DetailsMaría, 37, lives in south Honduras with her two children and her husband who backs her up in all of her commitments. Her business is selling tortillas, an activity she started 7 years ago at home. Her business has a location that’s easily accessible for each one of her customers since it’s on her… More from G.s Jerusalen Group'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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid