Update on Reyna IsabelReyna, age 35, lives in the La Esperanza village. This is a rural community in the Colon department. She is married, but her husband lives outside of the country. She has two children, and they both go to school.
The financial activity that generates income for her is a small grocery store. That is where she sells everyday food products (butter, grains, rice, soup, ketchup, toilet paper, salsas, beans, and salt, etc. and some novelty products).
She has had her business since 2008, and she works very hard all day. This has allowed her inventory and her sales to increase. Last year she requested a loan for 5,000 lempiras, which she used to increase her inventory. Now her business is stocked more, and she is getting more income for the household and her children’s expenses.
She is currently requesting her second loan from ODEF and Kiva for 7,000 lempiras. She will use the loan to stock her business more. Her dream is for her business is to, little by little, become a mini supermarket. That way her income will be better.
Su actividad económica que le genera ingresos es una pequeña pulpería donde vende productos de la canasta básica (manteca, cereal, arroz, sopas, kétchup, papel higiénico, salsas, frijoles, sal, etc. y algunos productos de achinería.
Este negocio lo inicio desde el año 2008, trabajando muy duro todo el día, lo que ha permitido que su inventario crezca y sus ventas.
El año pasado solicito un préstamo de L.5,000.00 con el cual incremento el inventario, ya su negocio esta mas surtido y está obteniendo más ingresos para el hogar y los gastos de sus hijos.
Actualmente solicita el segundo préstamo a ODEF y a KIVA por 7,000 Lempiras para surtir mas el negocio pues su sueño es llegar poco a poco a convertirse en un mini súper, y así sus ingresos serán mejores.
Previous Loan DetailsReyna, age 34, lives in the La Esperanza village. This is a rural community in the Colon department. She is married, but her husband lives outside of the country. She has two children, ages 16 and 11. Both of the children are in school. The financial activity that generates income for her is... More from Reyna Isabel'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
- 7 months (Additional Information)
- Repayment Schedule
- Jul 6, 2012
- Jul 30, 2012
- Currency Exchange Loss:
- Dec 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.