Update on Carmen YanethCarmen is 37 years old, a single mother, and has two children with whom she lives in the city of Puerto Cortes. Carmen started her business three years ago, from which she gets the income necessary for her family. It is a small business where she makes and sells natural juices, cold water in a bag, as well as chips and candy.
Her stall is in front of the bus terminal, where there are many passersby traveling from one place to another, which allows her to increase sales.
She is requesting another loan for 5,000 lempiras, so that she can buy products such as fruit, sugar, water, chips, candy and other supplies for her business. She is seeing her business grow, and her goal is to make her business bigger through this investment opportunity and to continue getting good income.
Carmen inicio su negocio hace 3 años donde obtiene los ingresos necesarios para su familia, es un pequeño negocio donde elabora y vende jugos naturales, agua en bolsa helada, churros y dulces. Este negocio de venta lo tiene enfrente de una terminal de buses donde hay afluencia de personas que viajan de un lugar a otro, lo que le permite incrementar las ventas. Esta solicitando otro préstamo por 5,000 Lempiras para comprar productos como frutas, azúcar, agua, churros, dulces y otros insumos para su negocio. Ella esta creciendo con su negocio y tiene como meta hacer grande su negocio mediante esta oportunidad de inversión y seguir obteniendo buenos ingresos.
Previous Loan DetailsCarmen, 36, is a single mother; she has two children she lives with in the city of Puerto Cortes. Over two years ago she decided to start a business that would generate income needed for her family. It’s a small business where she makes and sells natural juices, cold water in bags, snacks and… More from Carmen Yaneth'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
- 8 months (Additional Information)
- Repayment Schedule
- May 8, 2013
- May 26, 2013
- Currency Exchange Loss:
- Aug 18, 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.