Update on Cinthia MabelCinthia, 23, is an enterprising young woman. She is partnered and has two young children. The family lives in the rural town of El Jicaro Galan in southern Honduras. Cinthia has worked as a street vendor, selling clothing for 4 1/2 years. She sells in El Jicaro Galan, Nacaome and surrounding towns. She is applying for a loan that she will use to buy stocks of new clothing and footwear. She says that the investment will allow her to increase her income and improve her quality of life. She wants to go on working with Prisma and Kiva and plans to buy winter clothing with this, her fifth loan.
San Lorenzo, Honduras - May 2014.
Esta solicitando el préstamo para compra de varias docenas de ropa nueva y sandalias. Con el apoyo de este préstamo ella mejorara sus ingresos y por ende su calidad de vida, está contenta de seguir trabajando con Prisma y Kiva, y su deseo es tener buen surtido de ropa para esta época de invierno es su quinto préstamo que solicita.
San Lorenzo, Honduras - Mayo del 2014.
Previous Loan DetailsCinthia Mabel is a young woman of 22 years. She lives with her husband and two children who depend on her in the house of a relative in a neighborhood of San Lorenzo, Valle, in the south of Honduras. Cinthia Mabel has been working for 4 years in the business of selling new clothes. She is a… More from Cinthia Mabel'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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This loan has been fully funded!