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Sixto Porfirio

Update on Sixto Porfirio

Don Sixto is 72 years old, married, and has three children who are studying. He lives in a suburban neighborhood of San Pedro Sula.


Don Sixto has a meat business where he specifically sells ground meat. He buys the meat in bulk and then sells it. Sixto distributes his products to businesses at the local market. He started this business several years ago through his own efforts and with the help of his wife. Sixto has been able to remain at the market because of the demand from his customers. He has generated good earnings, which enable him to meet the daily needs of his family.


Don Sixto is requesting his second loan in the amount of 22,000 HNL so that he can restock with more ground meat to satisfy the demand from his customers and to increase his earnings. This investment will allow him to expand his sales route and generate more demand.


His goal is to continue working so that he can support his family and continue helping his children with their studies.

View original language description ↓
Don Sixto,tiene 72 años de edad, es casado, tiene 3 hijos, los tres están estudiando, vive en una Colonia suburbana de San Pedro Sula.
Don Sixto tiene un negocio de venta de carne, específicamente carne molida, el compra al por mayor la carne y la vende, la cual distribuye en los negocios del mercado local. Este negocio lo obtuvo hace varios años con esfuerzos propios y con la ayuda de su esposa. Por la demanda de clientes a logrado mantenerse en el mercado y ha obtenido buenas ganancias con las cuales a podido suplir las necesidades diarias de sus familia. Don Sixto solicita un segundo préstamo de 22,000 lempiras para surtir el negocio con más carne molida para satisfacer la demanda de sus clientes y aumentar más sus ingresos. Esta inversión le ayudara a ampliar la ruta de venta y su demanda.
Su meta es seguir trabajando para la manutención de su familia y seguir apoyando a sus hijos en sus estudios

Previous Loan Details

Sixto Porfirio, age 71, has been married for 20 years. He has three children, ages 14, 8, and 6. The three of them go to school. He lives in the Los Ángeles neighborhood of San Pedro Sulo. Sixto has a business of selling meat. Specifically, he distributes ground meat to businesses at the l... More from Sixto Porfirio'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
  • 16
    View loans »
    Honduras Loans Fundraising
  • $8,227,050
    Funds lent in using Kiva
  • 19.9
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Sixto Porfirio to buy meat in bulk that he can grind and sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Feb 26, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Sixto Porfirio. It was first posted on Kiva on Feb, 2012. Learn More