Update on Ruth NoemiRuth, 56, lives with her children in her house located in a neighborhood in San Lorenzo in southern Honduras. For the last 20 years she’s worked making and selling dresses, women’s slacks, men’s trousers, women’s suits, etc. Ruth’s business is located at home and her customers are neighbors and friends that visit her from the various neighborhoods they live in. They prefer her because of the good service and her good work.
Ruth is asking for the loan to buy fabric, thread, machine needles and decorations for her various designs since she does tailoring and has several dresses on order she needs to deliver; she needs a variety of fabrics.
She’s very happy to work with Prisma because she’s been able to expand the business with help from the loans. Her dream is to expand the business.
San Lorenzo, Honduras - September, 2013.
Doña Ruth su negocio está ubicado en su casa de habitación y sus clientes son los vecinos y amigos que el visitan de diferentes barrios de donde vive, le prefieren por su buena atención y por su buen trabajo.
Doña Ruth está solicitando el préstamo para compra de telas, hilos, agujas de máquina y adornos para sus diferentes diseños que hace en la sastrería, ya que tiene varios encargos de vestidos que entregar y necesita variedad de telas. Está muy contenta de trabajar con Prisma ya que con la ayuda de los préstamos que se le han brindado a podido ampliar su negocio.
Doña Ruth su sueño ampliar su negocio.
San Lorenzo, Honduras - Septiembre del 2013.
Previous Loan DetailsSeñora Ruth is 56 years old. She lives with her 2 children in her home in a neighbourhood of San Lorenzo, in the South of Honduras. For 20 years she has worked making and selling clothes, women's trousers, men's trousers, women's suits etc. Doña Ruth's business is located at her home. Her clients... More from Ruth Noemi'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
- 14 months (Additional Information)
- Repayment Schedule
- Sep 9, 2013
- Sep 25, 2013
- Currency Exchange Loss:
- Sep 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.