Update on Oscar ExequielOscar is 37 years old, and he lives in the village of Los Ángeles in the Arizona municipality in Atlántida. He is married and has two daughters, ages 5 and 9. Four years ago Oscar and his wife decided to sell merchandise. Approximately a year and a half ago they set up a mini market in order to also sell food products.
They now do various business activities in order to generate income. The couple takes turns tending to the mini market and selling merchandise like clothes, shoes, low-cost novelty items, and cosmetics, etc. They sell at their house as well as selling in an itinerant manner.
He also does soldering work at his father’s shop when requested.
Oscar is requesting a second loan with ODEF and Kiva for 12,000 lempiras. He will buy a bundle of used clothes and novelty items to increase sales and income in order to be able to give his daughters the best education.
Previous Loan DetailsOscar is 36 years old, and he lives in the village of Los Angela. He is married and has two daughters, ages 4 and 8. His wife, Alba, is a merchant. She sells merchandise in an itinerant manner three times a week. She started selling merchandise three years ago. Eight months ago the couple… More from Oscar Exequiel'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