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Madelin Suyapa

Update on Madelin Suyapa

Madelin is 22 years old, and she operates a small grocery store from her home in the town of San Lorenzo, which is located in the south of honduras. She has five years of experience running the store, and has learned much in the process of launching her own business.

With the support from this loan, Madelin plans to purchase food items to stock her store, including: butter, eggs, oil, toilet paper, chicken, red meat, canned goods, tomato sauce, spaghetti, drinks, etc. She hopes that this investment will help her to expand her business and inventory so that she can offer a wider variety of products to her clients and improve her quality of life. Madelin's dream is to one day finish receive her university degree.
View original language description ↓
La Joven Madelin, de 22 años, en su casa de habitación ubicada en un barrio de San Lorenzo, en la zona sur de Honduras, se dedica desde hace 05 años a la venta de productos alimenticios en todas sus presentaciones.
Madelin su negocio está ubicado en el local de su casa.
Madelin está solicitando el préstamo para compra de manteca, huevos, aceite, papel higiénico, pollo, carne, embutidos, pastas de tomate, espaguetis, refrescos etc. y abarrotería en general, con el apoyo de este préstamo pretende incrementar mas su inventario y por ende sus ganancias, para así poder salir cumplir con sus compromisos.
Madelin su sueño es poder terminar sus estudios Universitarios.


San Lorenzo, Honduras - Febrero del 2013.


Previous Loan Details

Madelin is 21 years old. She is a single mother of a daughter who depends on her. Three eyars ago she opened a small grocery store in her house where she also sells cosmetics. She lives with her mother and two brothers in the community of Nacaome in southern Honduras. Madelin is an enterprising y... More from Madelin Suyapa'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

  • $4,200
    Average annual income
  • 25
    View loans »
    Honduras Loans Fundraising
  • $8,352,300
    Funds lent in using Kiva
  • 19.7
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Madelin Suyapa to purchase butter, eggs, oil, chicken, red meat, canned goods, tomato sauce, spaghetti, drinks, toilet paper, etc. to stock her grocery store.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Apr 2, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014