Update on Karen SuyapaKaren, 31, is married and lives with her husband and two children in a rented house. She has operated a small grocery store for four years, and she sells all kinds of basic food items. She is hardworking and enterprising and wants to succeed.
Karen has applied for a loan to buy rice, sugar, coffee, beans, bread, eggs, sauces, milk products, churros, beverages, and other basic food items. With this loan, Karen will try to increase her income and inventory so that she can achieve higher profits, which will help her provide for her family and fund her projects. She dreams of owning a house.
San Lorenzo, Honduras - September 2013
Doña Karen vende todo lo relacionado a la canasta familiar, es una mujer trabajadora y muy emprendedora con deseos de salir adelante.
Doña Karen está solicitando el préstamo para compra de arroz, azúcar, café, frijoles, pan, huevos, salsas, lácteos, churros, frescos, etc. y todo lo relacionado a la canasta familiar.
Doña Karen con el apoyo de este préstamo pretende mejorar sus ingresos y surtir más su negocio y por ende tener mejores ganancias que le ayudaren a salir adelante con su familia y sus proyectos, su sueño es tener su propia casa.
San Lorenzo, Honduras - Septiembre del 2013.
Previous Loan DetailsKaren, 30, is married and lives with her husband and two children in a house they rent. She has made a living selling groceries for three years. Her business is located in the community of San Lorenzo, in the south of Honduras. She sells everything from the family shopping basket. She's a… More from Karen Suyapa'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:
- Jul 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.