Update on Elsa DinerElsa is a 36 year old single mother. She has a daughter that depends on her and she owns her own home which is located in a community in the south of Honduras. For the last 16 years she has worked on her business selling crafts.
Since she was very young she has worked creating clay ornaments. She sells them to the tourists who pass through the area and to the merchants who sell these items. She also sells clothing during the times when she is not making the ornaments to make use of her time and to obtain better earnings. Elsa is seeking this loan to purchase skirts, dresses, pants, blouses and clay so she can take advantage of the Christmas season. She is very content working with Prisma. This is her fourth loan and her goal is to continue striving to get ahead. Elsa's dream is to improve her business and her quality of life.
San Lorenzo, Honduras - November 2013.
Doña Elsa desde muy joven se ha dedicado a fabricar adornos de barro, su venta es con los turistas que pasan por la zona y con los comerciantes de estos objetos de barro, también vende ropa en los tiempos que no hace los adornos para aprovechar el tiempo y obtener mejores ganancias.
Doña Elsa está solicitando el préstamo para compra como faldas, vestidos, pantalones, blusas, barro, etc. Y así aprovechar la temporada navideña está muy contento de trabajar con Prisma es su cuarto préstamo que solicita y su deseo es seguir trabajando para salir adelante.
Doña Elsa su sueño es mejorar su negocio y su calidad de vida.
San Lorenzo, Honduras - Noviembre del 2013.
Previous Loan DetailsElsa is single and lives in the town of Nacaome, department of Valle, in southern Honduras. She makes a living making and selling clay handicrafts. Her main customers are drivers heading down the road toward the border, and she also has customers who make orders from other cities like Tegucigalpa... More from Elsa Diner'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