G.s Marcelino Group
Update on G.s Marcelino GroupWendy is a very hardworking and responsible young woman. She lives in a community in southern Honduras with her 2 children and her husband. Her business is a small store she has had for several years. It is visited by and well known to the residents of the neighborhood.
Wendy needs the loan to buy more products, such as lard, rice, beans, sugar, beverages, bread, churros, and more. She needs them to fill the demand of her neighbors. With the loan, she hopes that sales increase and thanks to this she will be able to improve her family's quality of life with the increase in income in the home.
Wendy, like the other members of the group, hopes to make her business grow in the short term and this way keep supporting her family, and for her children to stay in schools so they can have better opportunities in life.
Yesenia's business has been selling clothes for 5 years.
Diana's business has been selling tortillas for 3 years.
Choluteca, Honduras – July, 2013
Wendy necesita el préstamo para la compra de más productos como manteca, arroz, frijoles, maíz, frijoles, azúcar, refrescos, pan, churros, entre otros que necesita para satisfacer la demanda que le hacen sus vecinos. Con el préstamo ella espera que las ventas aumenten y gracias a esto poder mejorar la calidad de vida de la familia con el aumento de los ingresos en el hogar.
Wendy al igual que sus compañeros de grupo esperan en un corto plazo su negocio crezca y con esto poder seguir apoyando a sus familias y que sus hijos continúen con los estudios para que tengan mayores oportunidades en la vida.
Doña Yesenia su negocio es la venta de ropa desde hace 5 años.
Doña Diana su negocio es la venta de tortillas desde hace 3 años.
Choluteca, Honduras – Julio del 2013
Previous Loan DetailsWendy is an honest, responsible, and hardworking young woman who lives with her husband and two children in Choluteca, in the south of Honduras. She has a store that she has been operating for more than two years. Wendy is asking for this loan in order to buy soda, coffee, sugar, bread, beans... More from G.s Marcelino 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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Success!! The loan was 100% repaid
- Repayment Term
- 10 months (Additional Information)
- Repayment Schedule
- Jul 29, 2013
- Aug 16, 2013
- Currency Exchange Loss:
- May 22, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.