Update on Ada MaritzaAda Maritza is 36 years old, single, and has two children who depend on her for support. She lives in San Lorenzo, located in the southern Honduras valley. She has a home of her own and has been selling new clothing, shoes, sandals, and lotions on foot for the past five years through the San Lorenzo neighborhoods. Her customers prefer to buy from her because of her good prices and the quality of her merchandise. She travels by bus and taxi to the places where she will sell her items.
Ada is a hardworking woman with a desire to get ahead. She is asking for this loan to buy new beach apparel for the Holy Week season. This loan will help her to increase her income and she is very happy to be working with PRISMA. She is a good client and is asking for her fifth loan.
Ada’s dream is to have a good business and improve her home.
San Lorenzo, Honduras – March 2014
Doña Ada es una mujer trabajadora con deseos de salir delante. Está solicitando el préstamo para la compra de ropa nueva de playa alusiva para esta época de semana santa, con el apoyo de este crédito ella pretende mejorar sus ingresos, está muy contenta de seguir trabajando con PRISMA es una buena cliente que solicita su quinto préstamo.
Doña Ada su sueño es tener un buen negocio y mejorar su casa.
San Lorenzo, honduras - Marzo del 2014.
Previous Loan DetailsAda is 35 years old and she sells new clothes and shoes from her home for a living. Her business is open every day and she sells to her friends and neighbors, who order products from her. Sometimes she sells cosmetics. She started her business three years ago. She will use this loan to buy ... More from Ada Maritza'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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