Update on CorinaCorina, 60, is married and works making and selling ‘rosquillas’ [traditional cookies].
Her sales take place twice weekly. She makes the cookies and then delivers them to her customers who already have contracts with her.
Corina sells to supermarket owners in the municipality where she lives. She also sells cheese and she raises pigs and livestock. She has been doing this type of work for ten years in her house which is located in southern Honduras.
Corina is requesting 15,000.00 HNL [$800] to buy two cows. With the profits and support from this loan she wants to get ahead and keep improving her business.
Corina's dream is to buy a transportation vehicle to reach more communities in the municipality.
San Lorenzo, Honduras - March 2014.
Doña Corina está solicitando 15,000.00 lempiras para compra de dos vacas con las ganancias y el apoyo de este préstamo desea salir adelante y seguir mejorando su negocio.
Doña Corina su sueño es comprar un vehículo para transportarse con su negocio y llagar a mas comunidades en el municipio.
San Lorenzo, Honduras - Marzo del 2014.
Previous Loan DetailsCorina, 60, is married and works making and selling ‘rosquillas’ [traditional cookie]. Her sales take place twice weekly. She makes the cookies and then delivers them to her customers who already have contracts with her. Corina also sells cheese raises pigs and cattle. She’s been in this… More from Corina'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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- Repayment Term
- 9 months (Additional Information)
- Repayment Schedule
- Mar 14, 2014
- Apr 7, 2014
- Currency Exchange Loss:
- Oct 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.