Victor has his own shoe shop where he repairs and rebuilds all types of footwear. The business is located in his home and he has been in this line of work for approximately 20 years since it provide a source of family income. The loan he decided to take is in the amount of 12,000 HNL and will be used to buy materials such as adhesive, thread, and insoles. With this investment, Victor will maintain his inventory of materials so that he can provide better service to his customers. His goal is to generate income so that he will be financially solvent.
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.
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Success!! The loan was 100% repaid