Check out some available loans that are similar to this one!
Luis Miguel
Luis Miguel, age 23, is in a common-law marriage, and he has a two year old child. He lives in the city of San Pedro Sula, Cortes.

Seven years ago Luis Miguel established a shop where he does bodywork and paints vehicles. He exercises this business activity because his father taught him when he was very young. He was motivated to have his own business.

He states that it is going very well for him because he has his own customers, and he is getting good working capital. His income has improved, thereby giving his family a better quality of life. He works in his shop eight hours a day.

He is requesting a loan from ODEF for the amount of 25,000 lempiras. The loan is to make improvements to his business like building an annex to his shop. This would be to make his service more convenient for his customers.

With this investment he plans to increase customer demand and to meet his customers’ needs. He will therefore also satisfy his family’s needs.
View original language description ↓
Luis Miguel tiene 23 años de edad, vive en unión libre y tiene un hijo de 2 años de edad, vive en la ciudad de San Pedro Sula, Cortes.
Luis Miguel hace 7 años estableció un Taller donde ofrece los servicios de Enderezado y pintura de vehículo. El ejerce esta actividad porque desde muy pequeño su padre le enseño y se motivo a tener su propio negocio. En el cual manifiesta le va muy bien porque cuenta con sus propios clientes, obteniendo un buen capital de trabajo ya que sus ingresos han mejorado dándole una mejor calidad de vida a su familia. El trabaja en su taller 8 horas diarias.
El solicita un préstamo a ODEF por la cantidad de 25,000 lempiras para hacerle mejoras a su negocio como construir un anexo al taller. Para dar una mejor comodidad de servicio a sus clientes.
Con esta inversión el piensa aumentar la demanda de clientes y satisfacer las necesidades que demanden, y por consiguiente satisfacer también las necesidades de sus familia.

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

  • $4,800
    Average annual income
  • 89
    View loans »
    Honduras Loans Fundraising
  • $8,676,100
    Funds lent in using Kiva
  • 19.1
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Luis Miguel to improve his place of work (an annex).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2012
Listed
Apr 5, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013