Update on VisenteDon Visente is 57 years old, married, and has three daughters and one granddaughter. He lives in the town of Morazán, Yoro.
Don Visente has a business of producing, buying, and selling basic grains. He got into this business because it is very profitable and generates good earnings. In addition, he buys and sells pigs to earn additional income. Visente has invested several loans to keep his farm well-maintained. He is currently requesting another loan of 12,000 HNL so that he can buy supplies for maintaining his grain crops. Visente will also buy two pigs so that he can resell them at a better price. This investment will help him to obtain better production and better earnings. His goal is to continue working so that he can always provide for his family and his children.
Don Vicente tiene por actividad económica la producción, compra y venta de granos básicos, él se dedica a esta actividad porque es muy rentable y le genera buenas ganancias. Además compra y vende cerdos lo que le genera otros ingresos. Ha invertido varios préstamos para mantener bien a su finca. Actualmente solicita otro préstamo por 12,000 Lempiras para comprar insumos y darle mantenimiento a sus cultivos de granos básicos y compra de dos cerdos para venderlos a mejor precio. Esta inversión le ayudara a obtener mejor producción y mejor ganancia. Su objetivo es continuar trabajando para brindarles siempre el apoyo a su familia y a sus hijos.
Previous Loan DetailsSr. Vicente is 55 years old, married, and has three daughters (ages 23, 22, and 16). He lives in the neighborhood of Lempira in the town of Morazán, Yoro. Don Vicente has a production business that involves buying and selling basic grains. He decided to pursue this business because it is pr... More from Visente'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 4, 2013
- Feb 28, 2013
- Currency Exchange Loss:
- Sep 17, 2013
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.