Update on CarmeloCarmelo is 46 years old, lives with his life partner, and has three children who are still supported by their father. He lives in the community La Cuesta, San Lorenzo, in the southern part of Honduras. He has a house of his own, and for the last five years he has worked selling corn. His clients are the small grocery stores and retailers.
Don Carmelo is a hardworking man, with a wish to get ahead in life. With the support of this loan, he will be able to do so. He is requesting this loan to buy corn, beans, and rice. He is a good client who meets the loan payments, and has received many loans from Prisma.
Carmelo’s dream is to improve his house.
San Lorenzo, Honduras – March, 2014
Don Carmelo es un hombre trabajador y con deseos de salir adelante. El esta solicitando el préstamo para la compra de maíz, frijoles, arroz, con el apoyo de este crédito él desea salir adelante, es un buen cliente con varios ciclos de trabajar con prisma paga muy bien sus créditos.
Don Carmelo su sueño es mejorar su casa.
San Lorenzo, Honduras - Marzo del 2014
Previous Loan DetailsCarmelo is 44 years old. He lives with his wife and their three children in the community of Nacaome in southern Honduras. Carmelo makes a living selling sacks of corn. His customers are principally his neighbors, though he also sells wagon loads of firewood outside of his community. He has been in… More from Carmelo'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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