Update on Santos RenierySantos is an enterprising, honest and responsible person. He lives with his wife and their 4 children in south Honduras.
Santos has had a business selling bread for more than 15 years. The loan he needs is to buy polvorones (a kind of thick cookie), white bread rolls, white bread, doughnuts, e.t.c. With the loan he hopes that his business sales will increase on having more products to sell. Santos' customers are all the people that visit him and also the tourists that come to the area, which is very popular, and thanks to that he hopes his financial situation and that of his family will improve a bit.
Santos hopes that in 2 years or so his business will keep growing and getting stronger so it becomes the biggest and most well-known in the area and keeps supporting his family.
Choluteca, Honduras - May 2013.
Don Santos su negocio es la venta de pan dese hace mas de 15 años. El préstamo lo necesita para la compra de polvorones, cemitas, pan blanco, rosquillas, etc. Con el préstamo espera que las ventas en su negocio aumenten al tener más mercadería para vender.
Don Santos sus clientes todas la personas que lo visitan y también los turistas que llegan a esta zona que es muy visitada y gracias a esto espera que su situación económica y la de su familia mejore un poco.
Don Santos espera que en unos 2 años su negocio siga creciendo y consolidándose para que se convierta en la más grande y reconocido de la zona y seguir apoyando a su familia. y
Choluteca, Honduras – Mayo del 2013
Previous Loan DetailsSr. Santos is 30 years old and the father of four children. He sells white bread and transports his products by motorcycle to different neighborhoods and the surrounding areas of the city of Choluteca. Every day he leaves at 5am so that he can complete the deliveries to his customers.
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