Concepción De Lourdes
Update on Concepción De LourdesConcepción, 35, is married; her husband lives abroad. She has three children who are 14, 10 and 2 years old. She lives in a village in Peña Blanca, Cortes.
Concepción has a grocery store. She opened it four years ago aiming at having an additional source of income for her home and to be able to improve herself. She’s managed to stay in business thanks to her good administration and with help from her husband. She sells food items like eggs, lard, beans, sugar, flour, milk, soft-drinks and grocery items like soap, disinfectant, toothpaste, and toilet paper, among others. She works full-time in her store in order to take care of customers.
She is currently asking for a 21,000 lempira loan to buy grocery items like toilet paper, laundry detergent and bath soap, disinfectant, and toothpaste, etc. She will do this in order to have a greater variety of products available for customers so that the business will grow with even more customers. Her plan for the future is to expand the business more and to continue working to provide her children with a better future.
Previous Loan DetailsConcepción, 35, is married; her husband lives in the United States. She has three children who are 14, 10 and 2 years old. She lives in a village in Peña Blanca, Cortes. Concepción has a grocery store. She opened it four years ago aiming at having an additional source of income for her… More from Concepción De Lourdes's previous loan »
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.
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
- Repayment Term
- 21 months (Additional Information)
- Repayment Schedule
- Apr 23, 2012
- May 21, 2012
- Currency Exchange Loss:
- Jul 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.