Check out some available loans that are similar to this one!
Elder Omar

Update on Elder Omar

Elder Omar, age 24, is married and has a four year old son. He lives in the Mi Única Esperanza neighborhood in San Pedro Sula. Elder has over three years of experience repairing motorcycles. He used to work two days as an operator in a factory, and the other four days he worked in a motorcycle shop.

Over one year ago he decided to establish his own business in order to get improved income. He offers motorcycle repair services at customers’ homes, and he also works at his house and sells replacement parts. His customers are people who have routes (that is to say those who sell in an itinerant manner on motorcycles), private people, and employees of private companies. They contact him by telephone when they need his services.

The loan he requested previously helped him a lot to be supplied with work tools. His business has improved because he is also selling the replacement parts.

He is now requesting a second loan for 10,000 lempiras to stock up on motorcycle replacement parts to sell. He will buy things like saddles, gauges, rear view mirrors, chains, and sprockets, etc.

His dream is to continue growing in the business and providing good service. He will do this in order to get better income for his household and to give his family a better quality of life.

He is grateful for the opportunity and support he is being given.
View original language description ↓
Elder Omar de 24 años de edad, casado, tiene un hijo de 4 años de edad, vive en la Colonia Mi Única Esperanza, San Pedro Sula.
Elder tiene más de 3 años de experiencia en la reparación de motocicletas, anteriormente trabajaba como operario en una maquila por dos días y los otros 4 días los trabajaba en un taller de motocicletas. Hace más de un año que decidió establecer su propio negocio con el propósito de obtener mejores ingresos, ofrece servicios de reparación de motocicletas a domicilio y también trabaja en su casa y vende repuestos. Sus clientes son personas que tienen ruta (es decir los vendedores ambulantes en motocicletas), personas particulares y empleados de empresa privada, lo contactan vía teléfono cuando requieren de sus servicios.
El préstamo que solicito anteriormente le ayudo mucho a suplirse de más herramientas de trabajo y su negocio ha mejorado porque está vendiendo repuestos también. Ahora solicita un segundo préstamo por 10,000 lempiras para surtir de repuestos de motocicleta para vender tales como monturas, vías, retrovisores, cadenas, catarinas etc. Su sueño es seguir creciendo en el negocio, brindando un buen servicio para obtener mejores ingresos para el hogar y darle una calidad de vida a su familia.Esta agradecido por la oportunidad y el apoyo que estan brindando.

Previous Loan Details

Elder Omar is 24 years old. He is married and has one four-year-old child. He lives in the Mi Única Esperanza neighborhood of San Pedro Sula. Elder has three years of experience repairing motorcycles. Previously he worked as a machine operator in a maquiladora two days a week and the other fou... More from Elder Omar's previous loan »

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.

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.

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 $525 helped Elder Omar to buy motorcycle replacement parts to sell and to repair motorcycles.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2012
Listed
Jul 25, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013
This photo was used before for a previous loan for Elder Omar. It was first posted on Kiva on Jan, 2012. Learn More