Update on Santos BalbinaSra. Santos is a responsible, hardworking and honest person who is dedicated to her business. She lives with her husband and three children in the southern part of Honduras. She has had her business, a small store, for more than 15 years.
Doña Santos needs the loan to purchase butter, rice, beans, sugar, beef and chicken meat, milk, coffee, bread, etc. With the loan, she hopes that her business sales will increase since she will have more products to offer and be able to provide better service to her customers.
Doña Santos hopes to cover the cost of necessities and improve somewhat her quality of life and that of her family. In the next few years, she hopes that her business continues growing and that she has become one of the largest and most well known businesses in the area. She also hopes that her children become good people and that they have better opportunities in life.
Choluteca, Honduras – March, 2013
Doña Santos el préstamo lo necesita para la compra de manteca, arroz, frijoles, azúcar, carnes de res, pollo, leche, café, pan, etc. Con el préstamo espera que las ventas en su negocio aumenten al tener más producto que ofrecer y atender mejor a sus clientes.
Doña Santos espera cubrir las necesidades que tiene y mejorar un poco su calidad de vida y la de su familia, en unos años espera que su negocio siga creciendo y se convierta en uno de los negocios más grande y reconocido de la zona y que sus hijos se conviertan en personas de bien y con mejores oportunidades en la vida.
Choluteca, Honduras – Marzo del 2013
Previous Loan DetailsSantos is a very enterprising person 100% dedicated to her business. She lives with her husband and 3 children in the department Choluteca in the south of Honduras. She has had this general store business for over 15 years. Santos will use the loan to buy beef, chicken, rice, beans, butter,… More from Santos Balbina'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.
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Success!! The loan was 100% repaid