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Wilfredo

Update on Wilfredo

Wilfredo, 39 years old, lives with his wife and three children in his home in a neighbourhood of San Lorenzo Valle in the southern region of Honduras. He has worked for ten years selling seasonal fruits and vegetables.

Don Wilfredo drives by car to different communities close to his home and his customers are already established. He is applying for a loan of 10,000 lempiras to purchase oranges, melons, watermelons, tomatoes, onions, mangos, etc. to offer more variety to his customers and increase his earnings.

With this investment in his business, Wilfredo is hoping to improve his quality of life and that of his family. His dream is to be able to improve his home.

San Lorenzo, Honduras - January, 2013.
View original language description ↓
El Señor Wilfredo de 39 años, vive con su esposa y tres hijos en su casa de habitación en un barrio de San Lorenzo Valle, en la zona sur de Honduras, se dedica desde hace 10 años a la venta de frutas que salen en la temporada.
Don Wilfredo se transporta en su carro a diferentes comunidades cercanas de donde vive y tiene sus clientes ya establecidos.
Don Wilfredo está solicitando 10,000.00 lempiras para compra de naranjas, melones, sandillas, tomates, cebollas, mangos, etc. para así poder ofrecer a sus clientes más variedad y aumentar sus ingresos.
Don Wilfredo espera mejorar un poco su calidad de vida y la de su familia con la inversión hecha en su negocio y su sueño es poder mejorar su casa de habitación.


San Lorenzo, Honduras - Enero del 2013.

Previous Loan Details

Wilfredo is 38 years old, and married. He lives with his wife and their two children, in their own home in Valle department in southern Honduras. Wilfredo has a business selling fruits and vegetables, such as melons, watermelons, oranges, potatoes, tomatoes, cabbage, yuca, green bananas, carr... More from Wilfredo'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

  • $4,800
    Average annual income
  • 90
    View loans »
    Honduras Loans Fundraising
  • $8,676,100
    Funds lent in using Kiva
  • 19.9
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Wilfredo to buy oranges, melons, watermelons, tomatoes, onions, mangos, etc.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013