Update on Pablo69-year-old Pablo is married and lives with his wife and grandson in his own home. For the past 20 years, he has been selling hammocks and hammock ropes as a traveling salesman. He buys his merchandise and then re-sells it in convenience stores and other places outside the city. Pablo also sells soft drinks, water and other products from his home with his wife's help.
Pablo is requesting a loan to buy bottled [soft] drinks, hammocks and hammock ropes. With the support of this loan, he plans to improve his business and his income. He is very happy to continue working with Prisma. This is his seventh loan request.
Pablo's dream is to make improvements to his home.
San Lorenzo, Honduras - May 2013
Don Pablo también vende frescos, agua y otros productos en su casa con el apoyo de su esposa.
Don Pablo está solicitando el préstamo para compra de frescos de botella, lazos y hamacas, con el apoyo del préstamo el pretende mejorar su negocio y también sus ingresos, está muy contento de seguir trabajando con Prisma es su séptimo préstamo que solicita.
Don Pablo su sueño es mejorar su casa..
San Lorenzo, Honduras- Mayo del 2013
Previous Loan DetailsMr. Pablo, 68, is married and has no dependent children. He lives in the community of San Lorenzo in the southern part of Honduras. He has his own home and for ten years has earned a living with the business of selling hammocks and rope. He works as a traveling salesman and also sells churros,… More from Pablo'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