Update on CarmenSra. Carmen is 43 years old, married, and has five children. Four of them are studying and the youngest is six months old. Carmen and her family live in a neighborhood in the town of Colinas, Santa Bárbara. She has been married for 16 years and her husband works at a private company in order to support their household.
Doña Carmen is a seamstress who specializes in making curtains, bed sheets, and articles of clothing. She established her business 16 years ago by making children’s clothing, but later she started making curtains. Carmen spends her entire day working whenever she has many orders.
She has received seven loans to date, with this one amounting to 7,000 HNL. With her previous loans, she was able to buy a sewing machine for her workshop in place of an existing manual machine. This new loan will be used to buy raw materials such as fabrics, thread, needles, accessories, lace, buttons, zippers, and other supplies that she needs for making curtains, bed sheets, and clothing. Her goal is to have the materials required to complete her outstanding orders. The upcoming season is the time when there is greater demand for her services.
Carmen’s goal is to keep her business growing so that she can continue helping her children with their education. She is grateful to ODEF and Kiva for this new loan, which will be a great help for her business.
Doña Carmen se dedica a la costura. Especialista en la elaboración de cortinas, ropa de cama, y otras prendas de vestir. Empezó su negocio hace 16 años elaborando ropa para niños y luego con cortinas. Le dedica todo el día cuando tiene muchos pedidos.
Ella ha solicitado siete préstamos con el actual, que es por 7,000 Lempiras, con los anteriores compro una maquina mas para su taller sustituyendo una manual. Este nuevo préstamo lo utilizara para comprar materia prima como ser: telas, hilos, agujas, adornos, encajes, botones, zíperes y otros que necesite para la elaboración de cortinas, sabanas y prendas de vestir. Con el objetivo de tener material para hacer los pedidos pendientes y porque se acerca la temporada de mayor demanda de sus servicios. Su meta es seguir creciendo con el negocio y poder seguir ayudando a sus hijos con la educación.Agradece a ODEF y a KIva por este nuevo préstamo que le han ayudado mucho con su negocio.
Previous Loan DetailsCarmen, age 42, lives in Villa Guadalupe, a neighborhood in the Colinas municipality. She has been married to her husband, Julian, for 15 years. He dispatches materials in a hardware store. They have four children; age 11, 12, 15, and 17. The children go to school. Carmen is a seamstress. ... More from Carmen'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
- 14 months (Additional Information)
- Repayment Schedule
- Oct 26, 2012
- Nov 13, 2012
- Currency Exchange Loss:
- Nov 17, 2013
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.