Gs Nueva Jutiapa Group
Update on Gs Nueva Jutiapa GroupJuan is a very hard-working person. He has been selling groceries for four years. He sells at his house, which is on a main street in his community. Juan’s business is located in a very busy area, which is a great advantage. He also repairs motorcycles and rents two rooms.
Juan has managed to support his family through his business activities. He is an exemplary person in his community, and he is very dear to his customers because of the way he tends to them. He is very kind and courteous.
Juan is requesting the loan to buy bread, milk, beans, rice, sugar, coffee, eggs, water, and soft drinks, etc. He dreams of having a well-stocked grocery store. Juan, the same has his companion in the group, hopes that this investment will allow him to improve his income and to improve, a bit, his quality of life and that of his family.
Jorge has had his grocery store business for over three years.
Danli, Honduras – April 2013
Don Juan tiene ubicado su negocio en una zona donde transitan muchas personas y esto le representa una gran ventaja, también se dedica a la reparación de motocicletas y alquiler de dos cuartos.
Don Juan ha logrado mantener a su familia a través de sus actividades económicas, siendo el una persona ejemplar en su comunidad y muy querido por sus clientes por su forma de atenderlos es muy amable y cortes.
Don Juan está solicitando el préstamo para la compra de pan, leche, frijoles, arroz, azúcar, café, huevos, aguas, refrescos etc. sueña con tener una pulpería bien surtida.
Don Juan al igual que su compañero de grupo espera que esta inversión le permita mejorar sus ingresos y a la vez mejorar un poco su calidad de vida y la de su familia.
Don Jorge su negocio es una pulpería que tiene desde hace mas de 3 años.
Danli, Honduras - Abril del 2013
Previous Loan DetailsSr. Juan is a merchant whose main business activity is selling groceries, but he also performs bicycle repairs and sells the respective spare parts. He has been in business for more than 10 years. Don Juan is a hardworking individual and his clientele are from the area and include people who li... More from Gs Nueva Jutiapa 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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