Update on Asuncion AgustinaAsunción is 42 years old and lives with her husband and three children. For ten years, she has worked at her business selling snacks, bread, and tamales. She sells as a street vendor. Her customers are the friends and people that she visits every day and who visit her house. Asunción is a hardworking woman who wants to succeed. She is an example of work and self-improvement, since she has been able to send her children to school with her business.
Asunción is requesting this loan to purchase vegetables, flour, corn, firewood, corn flour, milk, and other products for her business. With the support of the loan, she intends to improve her business and her quality of life. She is very happy to continue working with PRISMA. This is the eighth loan she has requested. Her dream is to improve her business.
San Lorenzo, Honduras - April 2014
Doña Asunción está solicitando el préstamo para compra de verduras, harina, maíz, leña, maseca, leche y otros productos para su negocio. Con el apoyo del préstamo ella pretende mejorar su negocio y por ende su calidad de vida, está muy contenta de seguir trabajando con PRISMA, y es su octavo préstamo que solicita.
Su sueño es mejorar su negocio.
San Lorenzo, Honduras - Abril del 2014.
Previous Loan DetailsSra. Asunción is a 40-year-old single mother. She lives with her three children in a rented house in a neighborhood of the city of San Lorenzo in southern Honduras. Her children attend school and her daughter is already married. For about 15 years, Doña Asunción has been making and selling sna... More from Asuncion Agustina'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