Update on Iveth MagadalenaIveth, 28, lives with her husband in her house located in a community in El Jícaro, Galán, in southern Honduras. For several years she’s been selling snacks and meals like seafood soup, grilled meat, tacos, enchiladas, hamburgers, etc. Iveth’s business is home-based and her customers tend to be friends and people who pass by her house.
Iveth’s asking for a loan to buy bread, meat, lettuce, cheese, beans, rice, soft-drinks, etc. to prepare the various dishes she sells because she wants to expand the business introducing dairy products to better stock it since they are being offered to her at a good price and they are very good quality. With the loan’s support she intends to fill her financial need. Iveth’s dream is to buy a car to transport herself to do her purchasing.
San Lorenzo, Honduras – August, 2013.
Doña Iveth tiene su negocio ubicado en su casa, donde sus clientes son amigos y personas que transitan por su casa.
Doña Iveth está solicitando el préstamo para la compra de pan, carne, lechuga, queso, frijoles, arroz, refrescos, etc. para la elaboración de diferentes comidas para la venta porque quiere ampliar su negocio en donde quiere meter productos lácteos y así surtir más su negocio, ya que se los están dando a buen precio y son de buena calidad, con el apoyo de este préstamo pretende suplir su necesidad financiera.
Doña Iveth su sueño es compra un carro para poder transportase a comprar sus mercadería
San Lorenzo, Honduras – Agosto del 2013.
Previous Loan DetailsIveth is a 28 year old young woman. She lives in her house in the San Lorenzo community in the southern part of Honduras. She has been selling soft drinks and snacks for five years. Iveth’s business is located in her house. Her customers are her neighbors and friends who visit her daily. I... More from Iveth Magadalena'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
- Repayment Term
- 7 months (Additional Information)
- Repayment Schedule
- Aug 19, 2013
- Sep 13, 2013
- Currency Exchange Loss:
- Feb 17, 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.