Update on Alba LuzAlba is 45 years old and a single mother. She lives with her two children and her grandchildren in the home of a family member. For 20 years, she has worked in her business selling donuts, quesadillas and pastries. She sells her products in the markets of San Lorenzo. Her sales are made from Monday through Saturday. Alba is a hard-working woman who has worked in this field for a long time. She is a hard-working woman whose aim with her business is to get ahead with her family.
Alba is requesting this loan to buy dried firewood, corn, fresh white cheese and shortening. With the help of the loan she will improve her business and also her income. She is very happy to continue working with Prisma.
Her dream is to have a house of her own.
San Lorenzo, Honduras - June 6, 2013.
Doña Alba esta solicitando el préstamo para compra de leña seca, maíz, cuajada y manteca, con el apoyo del préstamo ella mejorara su negocio y también sus ingresos, Ella está muy contenta de seguir trabajando con Prisma.
Su sueño es tener su propia casa.
San Lorenzo, Honduras - 06 de junio del 2013.
Previous Loan DetailsAlba is 43 years old and a single mother. She lives with her three children in their house located in a small village of San Lorenzo, Valle in southern Honduras. She has worked for more than 20 years producing and selling bread, donuts, quesadillas, and pineapple cakes. She travels from her… More from Alba Luz'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