Gs Marcelino I Group
Update on Gs Marcelino I GroupWendy is an honest, responsible, and working person who lives with her four children in the community of Choluteca, in the southern Honduras. Her business is a food market.
Wendy needs this loan to purchase coffee, sugar, bread, meat, corn, beans, butter, cookies, churros, beverages, salsas, pastas, salt, rice, etc. With this loan, she hopes to improve her sales because she will have more products to offer her customers who visit her.
Wendy hopes to meet her needs and, at the same time, she wants her lifestyle and that of her family to improve a little bit with the investment.
In a few years, Wendy hopes that her business will be bigger and more well known in the area and that she will be able to continue supporting her children as they become people of means with better opportunities.
Maria's business has been selling American clothes for 10 years.
Eufemia's business has been making tortillas and bread for more than 12 years.
Choluteca, Honduras – January 2013
Doña Wendy el préstamo lo necesita para la compra de café, azúcar, pan, carne, maíz, frijoles, manteca, galletas, churros, refrescos, salsas, pastas, sal, arroz, etc. Con el préstamo espera el aumento de las ventas debido a que contara con más producto que ofrecer a los clientes que la visitan.
Doña Wendy espera poder cubrir sus necesidades y así mismo desea que su estilo de vida y la de su familia mejore un poco con la inversión.
Doña Wendy en unos años espera con que su negocio este posicionado como el más grande y conocido de la zona y poder seguir apoyando a sus hijos a que se conviertan en personas de bien y con mejores oportunidades.
Doña María su negocio es venta de ropa americana desde hace 10 años
Doña Eufemia su negocio es la fábrica de tortillas y pan desde hace mas de 12 años.
Choluteca, Honduras – Enero del 2013
Previous Loan DetailsYoung Wendy is a very enterprising woman and dedicated to her business. She lives with her husband and five children in Choluteca, in the south of Honduras. She has been running this type of business for more than five years. Wendy will invest this loan in the purchase of soft drinks, coffee,… More from Gs Marcelino I 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