Update on Carlos AgustoCarlos, 34, is single and has no children. He lives with his mother in the community of San Lorenzo in southern Honduras. For seven years he has been selling water, soft-drinks, clothing, cornmeal, etc.
Manyof his customers are the friends and neighbors who visit his home to mill corn. In the early morning hours he also goes out to sell water from is car and now he sells other products at home.
Carlos is requesting a loan to buy blouses, shorts, soft drinks, detergents, toilet paper, water, etc. for his business. He hopes the investment will allow him to improve his income over the Christmas season when sales are higher. He his happy about working with Prisma.
Carlos is requesting his sixth loan and wants to continue working to get ahead. One of his goals is to improve his business and quality of life.
San Lorenzo, Honduras - November 2013
Don Carlos sus clientes son los vecinos y amigos que viene a su casa a moler el maíz y también en la madrugada sale a vender el agua en su coche y ahora vende otros productos en su casa.
Don Carlos está solicitando el préstamo para compra de blusas, camisas, frescos, detergentes y papel de baño, agua, etc. siendo estos su negocios y espera que esta inversión le permita mejorar sus ingresos ya que está época navideña es muy buena, está muy contento de trabajara con Prisma.
Don Carlos es su sexto préstamo que solicita y su deseo es seguir trabajando para salir adelante en su actividad generadora de ingresos uno de sus sueños es mejorar su negocio y su calidad de vida.
San Lorenzo, Honduras - Noviembre del 2013.
Previous Loan DetailsCarlos is 33 years old and single. He does not have children that depend on him and he lives at his mother's home located in a community outside of San Lorenzo in southern Honduras. He has had a business selling water for six years and has a corn mill. Carlos' customers are his neighbors and… More from Carlos Agusto'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