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Maria Elena

Update on Maria Elena

María Elena, 41, is married and has five children two of which are attending school; she lives in San Juan Pueblo, La Masica in Atlántida. She has a business selling clothes, shoes, school supplies (notebooks, backpacks, etc.), low-cost novelty items and soft-drinks. She started the business 8 years ago needing to have an additional source of income to help cover some of her needs like her children’s schooling costs. Since then, she works hard earning good profits that have led to her business’ growth. She works full-time selling her merchandise.

She’s had previous ODEF loans she says have helped her much to stabilize her business. The one she’s asking for now is for 10,000 Lempiras to stock her store with merchandise like clothes, shoes, sandals, notebooks and school supplies. Her goal is to continue working to give her children the economic stability needed for their schooling.
View original language description ↓
Doña María Elena, tiene 41 años de edad, es casada y tiene 5 hijos, de los cuales dos están estudiando, vive en San Juan Pueblo, la Masica, Atlántida.
Doña María tiene un negocio de venta de ropa, zapatos, útiles escolares (cuadernos, mochilas etc.), achinería y refrescos. Hace 8 años que inicio este negocio viéndose en la necesidad de obtener otro ingreso económico que le ayudara a suplir algunas necesidades, como la educación de sus hijos. Desde entonces trabaja mucho obteniendo buenas utilidades con las cuales ha podido hacer crecer su negocio. Trabaja tiempo completo vendiendo su mercadería.
Ella lleva varios financiamientos con ODEF en el cual manifiesta le han ayudado mucho en la estabilidad de su negocio, el que solicita actualmente es el quinto ciclo y es por 10,000 lempiras para surtir su tienda con mercadería como ropa, zapatos, sandalias, cuadernos y útiles escolares.
Su meta es seguir trabajando para darles a sus hijos la estabilidad económica para sus estudios.

Previous Loan Details

María Elena, 41, is married and has five children who are 26, 24, 22, 19 and 16 years old; only the 16-year-old and the 19-year-old attend school. She lives in San Juan Pueblo, Atlántida. María has a business selling clothes, shoes, school supplies (notebooks, book bags, etc.) and soft-drin... More from Maria Elena'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

  • $4,200
    Average annual income
  • 27
    View loans »
    Honduras Loans Fundraising
  • $8,239,325
    Funds lent in using Kiva
  • 19.9
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Maria Elena to buy merchandise like shoes, sandals, schools supplies and clothes.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Jan 25, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013