Update on AntonioSeñor Antonio is a very hard-working and responsible person. He lives in a community in the south of Honduras, along with his wife and children. His business for six years has been providing milling service.
Don Antonio has his business in the house where he lives, and thanks to the fact that it is a very central location, he has many customers. He needs the loan to buy the tools to provide the necessary maintenance to his mill.
Don Antonio hopes that with the loan his business will function in the best way and thus increase his income, and thanks to this he will be able to improve his quality of life and that of his family a little bit, with the increase in the household income.
Don Antonio hopes in the short term to make his business grow and to buy another mill, to thus be able to continue helping his family with whatever economic problems arise.
Choluteca, Honduras – August, 2013
Don Antonio tiene su negocio en su casa de habitación y debido a que es un lugar muy céntrico tiene muchos clientes. Necesita el préstamo para la compra de herramientas para brindarle el mantenimiento necesario a su molino.
Don Antonio con el préstamo espera que su negocio funcione de la mejor manera y así aumentar sus ingresos y gracias a esto poder mejorar un poco su calidad de vida y la de su familia con el aumento de los ingresos en el hogar.
Don Antonio espera en un corto plazo hacer crecer su negocio y comprarse otro molino, para así poder seguir apoyando a su familia en cualquier problema económico que surja.
Choluteca, Honduras – Agosto del 2013
Previous Loan DetailsDon Antonio is 61, and lives with his wife and daughter in the city of Choluteca. His wife has a small business and also helps him with his mill. His business is strategically located at a point where there is a large flow of pedestrians, and he has no competition in his neighborhood. The... More from Antonio'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