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Faustino

Update on Faustino

Faustino, 61, lives with his wife and has no dependent children. He lives in southern Honduras in the community of San Lorenzo, Valle. He owns his house and for the last ten years has worked selling groceries, soft-drinks, vegetables and pork.

Faustino also works in construction. He has apartments that he rents and his customers are friends, neighbors and people who are traveling on the highway to the hospital. His business is located in a good zone because he has many customers. He’s very hardworking and forward-looking and his wish is to improve.

Faustino is asking for a loan to buy shortening, rice, sugar, beans, sauces, pasta, salt, bread, cookies, etc. and also to do some home improvements. With this loan’s support he hopes to increase his income and improve his business. He’s very happy to continue working with Prisma. His dream is to build more rooms to rent.


San Lorenzo, Honduras - September, 2013.
View original language description ↓
El señor Faustino de 61 años de edad , vive con su esposa, no tiene hijos que dependen de él, vive en una comunidad de San Lorenzo, valle al sur de Honduras, tiene casa propia y se dedica desde hace 10 años a la venta de abarrotería, frescos, verduras y también vende carne de cerdo.
Don Faustino también se dedica a la construcción, tiene apartamentos de alquiler y sus clientes son los amigos, vecinos y personas que transitan por la carretera que lleva hacia el hospital, es una buena zona en donde tiene el negocio porque tiene muy buena clientela, el es bien trabajador y futurista y su deseo es mejorar.
Don Faustino está solicitando el préstamo para la compra de manteca, arroz, azúcar, frijoles, salsas, pastas, sal, pan, galletas, etc. y también para realizar unas mejoras a su vivienda, con el apoyo de este crédito espera mejorar sus ingresos y su negocio , está muy contento de seguir trabajando con Prisma. Su sueño es construir más cuartos para alquiler.


San Lorenzo, Honduras - Septiembre del 2013.

Previous Loan Details

Faustino is 61 years old. He lives with his wife. He does not have any dependent children. He lives in the community of San Lorenzo, a valley in southern Honduras. He has his own home and for 11 years has been selling groceries, soft drinks and vegetables. He also sells pork. Faustino also works ... More from Faustino's previous loan »

Additional Information

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.

Tags

About Honduras

  • $4,200
    Average annual income
  • 27
    View loans »
    Honduras Loans Fundraising
  • $8,199,100
    Funds lent in using Kiva
  • 20.4
    Honduras Lempiras (HNL) = $1 USD
Expired
A loan of $1,000 helped Faustino to buy stock merchandise for his grocery store.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2013
Listed
Oct 7, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 6, 2013