Update on Asuncion AgustinaAsunción is 41 years old. She lives with her husband and three children in her house. For the past 6 years she has been selling sweets, bread and tamales. She sells door-to-door. Asunción's clients are her friends and people who she visits daily or who visit her at her home. She is a hard-working woman who wants to get ahead. Her neighbors and others regard her as a good example of a worker and someone who will get ahead.
Asunción has requested a loan to buy potatoes, cooking bananas, onion, flour, corn, wood and chickens. With the help of this loan she wants to improve her business and in the end improve her quality of life. She is very pleased to continue working with Prisma. This is her 7th loan. Asunción's dream is to improve her business and construct her own home.
San Lorenzo, Honduras - October 2013.
Doña Asunción sus cliente son los amigos y personas que a diario visita y que le visitan en su casa, es una mujer trabajadora que desea salir adelante y es un ejemplo de trabajo y de superación para los vecinos y demás personas.
Doña Asunción está solicitando el préstamo para compra de papas, plátanos, cebollas, harina, maíz, leña y gallinas. Con el apoyo del préstamo pretende mejorar su negocio y por ende su calidad de vida, está muy contenta de seguir trabajando con Prisma y es su séptimo préstamo que solicita.
Doña Asunción su sueño es mejor su negocio y construir un día su casa.
San Lorenzo, Honduras - Octubre del 2013.
Previous Loan DetailsAsunción, 41 years old, lives with her husband and their three children. For the past six years she has dedicated herself to the sale of snack foods, bread, and tamales. She does not have a fixed post from which she sells. Asunción's clients are her friends and others who visit her daily. She is… More from Asuncion Agustina'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
- 9 months (Additional Information)
- Repayment Schedule
- Oct 28, 2013
- Nov 16, 2013
- Currency Exchange Loss:
- May 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.