Update on FaustinoFaustino is 62 years old. He lives with his wife, and does not have any dependent children. He lives in the community of San Lorenzo, a valley in southern Honduras. He has his own home and for 11 years has been selling groceries, drinks and vegetables. He also sells pork. Faustino also works in construction; he rents apartments. His customers are his friends, neighbors and passersby on the road that leads towards the hospital.
Faustino is requesting the loan to purchase butter, rice, sugar, beans, sauces, pasta, salt, bread, cookies, etc., as well as to make some home improvements. With the support of this loan, he hopes to improve his income and his business. He is very pleased to continue working with Prisma.
San Lorenzo, Honduras - July 2014
Don Faustino también se dedica a la construcción, tiene apartamentos de alquiler y sus clientes son los amigos, vecinos y personas que transitan por la carretera que lleva hacia el hospital.
Don Faustino está solicitando el préstamo para la compra de manteca, arroz, azúcar, frijoles, salsas, pastas, sal, pan, galletas, etc. y también para realizar unas mejoras a su vivienda, con el apoyo de este crédito espera mejorar sus ingresos y su negocio, está muy contento de seguir trabajando con Prisma.
San Lorenzo, Honduras - Julio del 2014
Previous Loan DetailsFaustino is 61 years old. He lives with his wife. He does not have any dependent children. He lives in the community of San Lorenzo, a valley in southern Honduras. He has his own home and for 11 years has been selling groceries, soft drinks and vegetables. He also sells pork. Faustino also works ... More from Faustino'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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