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Felix Pedro

Update on Felix Pedro

Félix is a responsible, hardworking, honest person living with his children in southern Honduras. His business for the last 15 years has been a grocery store.

He needs the loan to buy shortening, rice, beans, meats, eggs, sugar, coffee, flour, pasta, milk, etc. He hopes his sales will increase with the loan having more merchandise on-hand and being able to provide better customer service.

Félix hopes to cover the needs he has and to improve his and his family’s quality of life a bit. He hopes his business will continue growing and in a few years become one of the largest, best-known grocery stores in the cone and that his children become upstanding citizens with better opportunities in society.

Choluteca, Honduras – September, 2013
View original language description ↓
El señor Félix es una persona responsable, trabajadora y honesta, vive con sus hijos en el sur de Honduras. Su negocio es la pulpería desde hace más de 15 años.
Don Félix el préstamo lo necesita para la compra de manteca, arroz, frijoles, carnes, huevos, azúcar, café, harina, pastas, leche, etc. Con el préstamo espera que las ventas en su negocio aumenten al tener más producto que ofrecer y poder así atender mejor a sus clientes.
Don Félix espera cubrir las necesidades que tiene y mejorar un poco su calidad de vida y la de su familia. En unos años espera que su negocio siga creciendo y se convierta en una de las pulperías más grande y reconocido de la zona y que sus hijos se conviertan en personas de bien y con mejores oportunidades en la sociedad.


Choluteca, Honduras – Septiembre del 2013

Previous Loan Details

Felix is 67 years old, he is a responsible person, hardworking and honest, he lives with his wife and five children in a community located in Southern Honduras. Felix's business is a convenience store, and he needs the loan to buy soda, cookies, rice, lard, coffee, sugar, beans, toilet paper, ... More from Felix Pedro'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
  • 16
    View loans »
    Honduras Loans Fundraising
  • $8,227,050
    Funds lent in using Kiva
  • 20.4
    Honduras Lempiras (HNL) = $1 USD
Expired
A loan of $500 helped Felix Pedro to buy stock merchandise for his store.
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2013
Listed
Oct 7, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 6, 2013