Update on Fausta KarolinaFausta is 33 years old and has three children who are still dependent. Fausta lives with her husband, in their own house, in a community in San Lorenzo, in the south of Honduras.
For eleven years, Fausta has had a business doing dressmaking work and also selling low-cost consumer goods. Her main clients in the dressmaking work are students and police officers, for whom she produces uniforms. She also sells children's toys during the Christmas period.
Fausta is an enterprising woman who wants to and puts in the effort every day to get ahead. She is applying for a loan in order to buy basic supplies for her dressmaking work: she will buy needles, threads, scissors, material and also wants to buy a new sewing machine.
With the help of this loan, Fausta plans to improve her income and her quality of life. She is very happy to continue working with Prisma. Fausta's dream is build her own house.
San Lorenzo, Honduras, November 2013
Doña Fausta se dedica desde hace 11 años al negocio de venta de achinería y costura, sus clientes son los estudiantes y policía ya que le confecciona los uniformes, también vende juguetes paro los niños en época de navidad.
Doña Fausta es una mujer emprendedora que desea y se esfuerza día con día para salir adelante, está solicitando el préstamo para compra de materia prima para la costura como agujas, hilos, tijeras, telas y también desea comprar una maquina nueva para costura.
Doña Fausta con el apoyo de este crédito pretende mejorar sus ingresos y su calidad de vida, está muy contenta de seguir trabajando con Prisma, su sueño es construir su propia casa.
San Lorenzo, Honduras - Noviembre del 2013.
Previous Loan DetailsFausta is 33 years old, has three children who depend on her, and lives with her husband in a house they rent in town of San Lorenzo in the south of Honduras. For 10 years Fausta has had her business selling goods and sewing. Her customers are students and the police for whom she makes uniforms... More from Fausta Karolina'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
- 14 months (Additional Information)
- Repayment Schedule
- Nov 12, 2013
- Dec 11, 2013
- Currency Exchange Loss:
- Dec 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.