Update on Sixto PorfirioDon 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.
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 DetailsSixto 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 »
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
- Feb 15, 2013
- Feb 26, 2013
- Currency Exchange Loss:
- Mar 17, 2014
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.