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Virgilio

Update on Virgilio

Virgilio is 65 years old. He doesn't have any dependent children and lives alone with his wife in their own home. He lives in the community of San Lorenzo in the south of Honduras.
Virgilio has been selling soft drinks and sweets for 15 years. His friends and small store owners are his customers since he sells his products wholesale and retail.
Virgilio is a hard working person who wants to get ahead. He is requesting a loan to buy soft drinks, churros, sweets and bottled water in bundles. He hopes the loan will help him increase his income and improve his quality of life.
His dream is to improve his business.
San Lorenzo, Honduras – March 2013
View original language description ↓
El señor Virgilio de 65 años de edad, no tiene hijo que dependen de él, vive solo con su esposa, en casa propia, vive en una comunidad de San Lorenzo, al sur de Honduras.
Don Virgilio se dedica desde hace 15 años al negocio de venta de frescos y dulces, sus clientes son los amigos y personas que tiene pulpería ya que vende este producto al por mayor y al detalle.
Don Virgilio es una persona trabajadora y con deseos de salir adelante, está solicitando el préstamo para la compra de frescos, churros, dulces y agua en fardos, con el apoyo de este préstamo espera que sus ingresos mejoren y por ende su mejore un poco su calidad de vida.
Don Virgilio su sueño es mejorar su negocio.


San Lorenzo, Honduras - Marzo del 2013

Previous Loan Details

Virgilio works in his small business selling soft drinks, juice, churros, candies and cookies. He has been running his business for 15 years. He really enjoys what he does because it is how he supports himself. His business is very popular with his neighbors. He makes his sales every day of the… More from Virgilio'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
  • $8,141,925
    Funds lent in using Kiva
  • 19.6
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Virgilio purchase soft drinks, churros, sweets and bottled water for his business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Apr 5, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013