Check out some available loans that are similar to this one!
Carmelo

Update on Carmelo

Carmelo 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
View original language description ↓
El señor Carmelo de 46 años de edad, vive con su conyugue, tiene 03 hijos que depende de él, radica en la comunidad la cuesta, san Lorenzo al sur de honduras, tiene casa propia y se dedica desde hace 05 años al negocio de la venta de maíz, sus clientes son las pulperías y personas que se dedican a la venta de estos productos.
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 Details

Carmelo 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 ... More from Carmelo's previous loan »

Additional Information

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.

About Honduras

  • $4,200
    Average annual income
  • 14
    View loans »
    Honduras Loans Fundraising
  • $8,226,150
    Funds lent in using Kiva
  • 19.2
    Honduras Lempiras (HNL) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $275 helped Carmelo to buy corn, beans, and rice for his business.
99% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2014
Listed
Apr 25, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014