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Rene
René is married and has two children who are 5 and 7 years old; he lives in a neighborhood in Choloma, Cortes.

He started his own business about 7 years ago making leather belts. He used to work for a private firm. He started this business with his own funds and has kept it stable by means of loans.

He is currently asking for a 26,000 lempira loan to buy supplies like leather, buckles, rivets, thread and others he needs to make the belts. He will buy these materials in a nearby country because it’s less expensive. Most of his customers live outside the city and have requested products he has to deliver. His goal is to make the business grow and eventually have his own commercial site.
View original language description ↓
Don René, es casado, tiene 2 hijos de 5 y 7 años de edad, vive en un barrio del sector de Choloma, Cortes.
Tiene aproximadamente 7 años de haber iniciado su propio negocio de elaborar fajas de suela. Anteriormente trabajaba en empresa privada. Este negocio lo inicio con fondos propios y lo ha mantenido estable mediante préstamos. Actualmente solicita un préstamo de 26,000.00 Lempiras para comprar materiales como cuero o suela, hebillas, remaches, hilos y otros que necesita para la fabricación de fajas, estos materiales los va comprar a otro país cercano, ya que es más barato. La mayoría de sus clientes viven fuera de la ciudad y le han solicitado producto el cual tiene que entregar. Su meta es hacer crecer el negocio y llegar a tener su propio local en un lugar comercial.

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
  • 69
    View loans »
    Honduras Loans Fundraising
  • $8,631,200
    Funds lent in using Kiva
  • 19.1
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Rene to buy raw materials to make leather belts.
100% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 4, 2012
Listed
May 28, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014