G.s Doras Group
Update on G.s Doras GroupDora is a very enterprising woman. She lives with her husband and three children in a community in the south of Honduras. Her business is a grocery store, which she has had for more than eight years.
Dora needs this loan to buy groceries, such as sugar, beans, milk, coffee, bread, cheese, rice, water, butter, etc. With this loan, she hopes to increase her sales because she will have more fresh capital and products to offer her clients, who visit her daily during the season of national festivals.
Dora and her fellow group members hope that their financial circumstances improve with this investment in their businesses. In a few years, Dora hopes that her business will be well-positioned as the largest and most well-known store in the area. She also hopes that she will be able to continue supporting her children so that they become good people for society.
Nely has had a business selling tortillas and offering mill services for seven years.
Senayda has had a small grocery store for five years.
Choluteca, Honduras – August 2013
Doña Dora el préstamo lo necesita para la compra de abarrotería en general como azúcar, frijoles, leche, café, pan, queso, arroz, agua, manteca, etc. Con el crédito espera el aumento de sus ventas debido a que contara con más capital fresco y que ofrecer a los clientes que la visitan a diario en esta época de las fiestas patrias.
Doña Dora al igual que sus compañeras de grupo desean que su situación económica mejore con esta inversión que realicen en sus negocios y que se vea reflejado con esta inversión. En unos años sueña con que su negocio este posicionado como el más grande y conocido de la zona y poder seguir apoyando a sus hijos a que se convierta en personas de bien para la sociedad.
Doña Nely su negocio es venta de tortillas y servicio de molino desde hace 7 años
Doña Senayda su negocio es la pulpería desde hace 5 años.
Choluteca, Honduras – Agosto del 2013
Previous Loan DetailsDora is a very honest, responsible woman living with her three children in a settlement in southern Honduras. Her business is a grocery store and she needs the loan to buy soft-drinks, meat, sugar, coffee, beans, salt, rice, packaged snacks, water, cookies, toilet paper, bread, juice, etc. With... More from G.s Doras 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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