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G.s Los Amigos Group
In this Group: Mario Reynell, Valentina, Santos Agustin

Update on G.s Los Amigos Group

Mario 40 years old, single and does not have any dependent children. He lives in the San Lorenzo community, in southern Honduras. He has his own house, and for the past eight years, he has been working in groceries sales. Mario sells everything related to family needs. His customers appreciate his service and product quality. He is the leader of the “Los Amigos” [The Friends] solidarity group. It is called The Friends because the group is made up of friends and neighbors who get along and are supportive of each other. They are an example of a group that has been working together and their mission is to advance. Mario is requesting a loan to purchase inventory for his grocery store such as: pasta, soap, chicken, sausages, sauces, milk, cheese, rice, sugar, salt etc. He is very pleased with the support of PRISMA and profits they all earn from their businesses which are improving their quality of life. Valentina has a grocery business for more than three years. Santos has been selling firewood for the last ten years. Mario’s dream is to improve his business and also wants his fellow group members to thrive, each of whom is pictured with their respective businesses. San Lorenzo, Honduras - July 2013.
View original language description ↓
El señor Mario de 41 años de edad es soltero, no tiene hijos que dependen de él, vive en la comunidad de San Lorenzo, valle al sur de Honduras, tiene casa propia y se dedica desde hace 08 años a la venta de abarrotería.
Don Mario en su negocio vende todo lo relacionado a la canasta familiar, sus clientes el prefieren por su buena atención y por la calidad de su producto.
Don Mario es líder del grupo, le llamaron así debido a que está formado por amigos, se llevan bien como vecinos y son solidarios los unos de los otros, son un ejemplo de grupo llevan varios prestamos trabajando juntos y su misión es progresar.
Don Mario está solicitando el préstamo para la compra de abarrotería como ser: pastas, jabón, pollo, embutidos, leche, café, azúcar, frijoles, arroz, etc. está muy contento por al apoyo de Prisma a su grupo solidario y espera que con las ganancias que obtengan de sus negocios mejore un poco su calidad de vida.
Doña Valentina su negocio es una pulpería que tiene más de 3 años.
Don Santos su negocio es la venta de leña de desde hace 10 años.
Don Mario su sueño es mejorar su negocio y también desea que sus demás compañeros prosperen, se muestran las fotos de ellos con cada quien con su negocio.

San Lorenzo, Honduras - Julio del 2013.

Previous Loan Details

Mr. Mario 40 years old, single and does not have any depended children. He lives in the San Lorenzo community, in southern Honduras. He has his own house, and for the past seven years, he has been working in groceries sales. Mr. Mario sells everything related to family needs. His customers... More from G.s Los Amigos Group's previous loan »

Additional Information

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.

About Honduras

  • $4,800
    Average annual income
  • 83
    View loans »
    Honduras Loans Fundraising
  • $8,845,600
    Funds lent in using Kiva
  • 20.4
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s Los Amigos Group's $750 loan helped a member to buy pasta, soap, chicken, sausages, milk, coffee, sugar, beans, rice, etc. for her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2013
Listed
Jul 29, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014