Update on Emilson AlexanderEmilson, 34, is married and has 3 children. He lives with his family in a neighborhood of La Lima Cortes. Previously, Emilson was working as a school bus driver, but because he needed to earn more income he started up a grocery store 3 months ago where he sells basic consumer products. He now rents his bus to another person who transports the students, and he and his wife tend to the store. He is selling staple grains, sugar, eggs, churros, sweets, cereals, bread, cookies, canned goods, cleaning products, home products, etc. He is requesting his 3rd loan from ODEF for 15,000 Honduran lempiras to buy food products, cleaning products and home goods for his store. With this loan, he will be able to offer a variety of products to his customers. His dream is to make his business long-lasting and prosperous so that he can help his family. He is very pleased with the loans, because they have helped him a lot to obtain an income for his family. He is a person who is very responsible with his debts; he paid off his previous Kiva loan on time.
Previous Loan DetailsEmilson, age 33, has been married for ten years. His wife works in a factory as a laborer. He lives in La Lima Cortes. They have two children; ages eight and nine. The children go to school. Emilson has had a mini-bus for eight years. He uses to bus to provide school transportation. He… More from Emilson Alexander'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