Update on TrinidadTrinidad is 59 years old, married, and has three children. He lives in a neighborhood in the city of Choloma, Cortes.
Don Trinidad has a business that involves making rope, agave cord, and hammocks. He has been in this line of work for 26 years. This business enables him to improve his quality of life and that of his family. With the loans provided by ODEF, Trinidad has been able to maintain a stable business.
He is requesting his third loan from ODEF in the amount of 21,000 HNL. The money will be used to buy material (agave fiber) for making ropes and hammocks that he can sell. His goal is to improve his business so that it will generate a profitable income which will result in a better standard of living for his family.
Don Trinidad se dedica a una actividad que es hacer lazos, cabuyas y hamacas. Lleva ejerciendo esta actividad desde hace 26 años. Este negocio le ha permitido mejorar su calidad de vida y la de su familia. Y con los financiamientos que ODEF le ha proporcionando ha logrado mantener estable su negocio.
Ha decidido solicitar un tercer préstamo a ODEF el cual es por 21,000 lempiras, y lo utilizara para comprar materiales (cabuya) para elaborar lazos y hamacas para la venta.
Su meta es mejorar su negocio para que sus ingresos sean rentables y darle un mejor nivel de vida a su familia.
Previous Loan DetailsTrinidad is 58 years old and married. He has three children, and he lives in the city of Choloma, Cortes. Trinidad devotes himself to the business activity of making cords, pita rope, and hammocks. He has been doing this for 26 years. This business has allowed him to improve his quality of… More from Trinidad'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
- Mar 4, 2013
- Apr 2, 2013
- Currency Exchange Loss:
- Feb 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.