Update on Olga MarinaDoña Olga is 53 years old and a single mother of three children who already independent. She lives in a suburban neighborhood of San Pedro Sula.
Several years ago, she obtained a stand at the local market in the city where she now sells fruits and vegetables such as tomatoes, onions, cassava, broccoli, chile peppers, potatoes, cabbage, corn, pineapple, melons, bananas, and other types of produce. She decided to request a second loan from ODEF in the amount of 10,000 HNL so that she can restock with more vegetables and keep some money available for when she can buy at the best price.
Her goal is to continue working so that she can generate more income to provide for the daily needs of her family.
Su meta es seguir trabajando para obtener ingresos para el sustento diario de su familia.
Previous Loan DetailsOlga Marina, age 51, is single and has three children, ages 32, 20, and 29. She lives in the Asentamientos Humanos settlement in the area outside of San Pedro Sula. Olga is a single mother, and even though her children are independent, for 20 years she has been working a lot . She sells fruits… More from Olga Marina'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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