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Alex Omar
Alex, age 37, lives in the rural village of Tapikilares in the San Francisco Yojoa municipality. He has been married to his wife, Mirna, for 15 years. The couple has three children; ages 15, 13, and 2.

Alex grows corn, and he currently has two “manzanas” (a land measurement unit equivalent to 7000 square meters or 1.728 acres) of land. He learned this trade from his parents, who were farmers. Alex has devoted himself to farming since he was a boy. He continues with this business activity that he inherited in order to improve his family’s standard of living. His children also participate in the farming activities when they are not in school.

After the harvest Alex usually takes the corn to the market to sell and to trade. When there is an abundance of corn the prices drop. When there is a scarcity, Alex does not have to go to the market because the buyers come to look for corn in communities like his. Alex takes advantage of this to raise his prices and get better income.

Alex will use this loan for 5,000 lempiras to invest in farming. This is the first loan that he has managed. He hopes to continue with the farming activity in order to finish educating his children.
View original language description ↓
El señor Alex tiene 37 años de edad y vive en la aldea rural de Tapikilares en el municipio de San Francisco Yojoa. Lleva 15 años de casado con su esposa Mirna y la pareja tiene 3 hijos de 15, 13 y 2 años de edad.

Alex se dedica al cultivo de maíz y actualmente cultiva dos manzanas de tierra. Aprendió el oficio de sus padres, los cuales eran agricultores. Alex se ha dedicado a la agricultura desde que fue niño y continúa esa actividad heredada para mejorar su nivel de vida familiar. Sus hijos también colaboran en las actividades agrícolas cuando no están estudiando.

Normalmente después de la cosecha, Alex se lleva el maíz al mercado para vender y negociar. Cuando hay abundancia de maíz, los precios bajan. Cuando hay escasez, Alex no tiene que ir al mercado porque los compradores salgan a buscar maíz en comunidades como el suyo. Alex se aprovecha para subir sus precios y así recibe mejores ingresos.

Alex va a utilizar este crédito de L5000 para invertir en el cultivo. Es el primer crédito que él maneja. El espera continuar la actividad agrícola para terminar de educar a sus hijos.

Additional Information

About Organización de Desarrollo Empresarial Femenino Financiera, S.A.

This loan is administered by Organización de Desarrollo Empresarial Femenino Financiera, S.A. (ODEF), a Kiva Field Partner in Honduras. A leader in the microfinance sector since 1985, ODEF strives to combat poverty by offering a wide array of financial services to low-income men and women. The organization works with its parent NGO, ODEF OPD, to provide training and technical assistance to impoverished microentrepreneurs. By incorporating the entire family unit in this process, ODEF OPD aims to improve the standard of living through the creation of profitable enterprises. Visit ODEF’s partner page for more information.

About Honduras

  • $4,200
    Average annual income
  • 33
    View loans »
    Honduras Loans Fundraising
  • $7,985,625
    Funds lent in using Kiva
  • 19.0
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Alex Omar to invest in growing corn.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 31, 2011
Listed
Nov 6, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2012