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Miguel Angel
Miguel, 35, is single and has a son. He lives with his sister in a village in the municipality of Santa Cruz de Yojoa, Cortes. Miguel has had his own business for 15 years. He manufactures auto parts like ‘botaguas’ (water deflectors) and spoilers. He already has a good established clientele in his zone and he also sells in other cities. He’s decided to request a 21,000 Lempira loan to stock up on raw materials like plastic and fiberglass to manufacture the deflectors, spoilers and other protective accessories for vehicles. This investment will help him serve more customers. His goal is to continue forward with the business in order to be able to support his family.
View original language description ↓
Miguel, tiene 35 años de edad, es soltero, tiene un hijo, vive con una hermana en una aldea del municipio de Santa Cruz de Yojoa, Cortes.
Miguel tiene 15 años de haber establecido su propio negocio. El fabrica accesorios para vehículos como botaguas (protectores de agua) y spoiler. El ya cuenta con su buena clientela en la zona y vende en otras ciudades. Actualmente ha decidido solicitar un préstamo de 21,000 lempiras para abastecerse de materia prima como plástico y fibra de vidrio para la fabricación de botaguas, spoiler y otros accesorios de protectores para vehículos. Esta inversión le ayudara a mantener más clientela. El propósito es seguir adelante con el negocio y poder sustentar a su familia.

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.

About Honduras

  • $4,200
    Average annual income
  • 12
    View loans »
    Honduras Loans Fundraising
  • $8,471,400
    Funds lent in using Kiva
  • 19.9
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Miguel Angel to buy raw materials like fiberglass.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Feb 15, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014