Update on JuventinaJuventina, 64, is a widow and lives in Morazán, Yoro, with her son, grandson and daughter-in-law. Several years ago, through her own efforts, Juventina started her business selling new clothing such as t-shirts, pants, underwear, cosmetics and sandals. She opened a stand in the municipal market where she sells her goods and tends to customers all day. She has been able to stock her business through the profits she has earned and the loans she has requested.
She is currently requesting a loan in the amount of 15,000 HNL to buy clothing, shoes and cosmetics for her business. Her plan is to carry enough stock to satisfy demand and earn more profit to lead a better lifestyle and help her children when necessary.
Hace varios años que doña Juventina con sus propios esfuerzos estableció su negocio de venta de ropa nueva como camisetas, pantalones, ropa interior, cosméticos y sandalias. Consiguió un local o puesto de venta en el mercado de la comunidad donde vende la mercadería. Atiende todo el día a sus clientes. Con las ganancias obtenidas más los préstamos ha surtido el negocio. Actualmente solicita otro préstamo por 15,000 lempiras para surtir de ropa, zapatos y cosméticos su inventario. Su plan es mantener surtido el negocio para satisfacer la demanda y obtener más ganancias para tener un mejor nivel de vida y ayudar a sus hijos cuando necesiten.
Previous Loan DetailsJuventina, 63, is a single mother; she lives in Santa Fé, Morazán, Yoro, with her 20-year-old son and her daughter-in-law. Five years ago Juventina established her business selling new clothes like t-shirts, pants, underwear, cosmetics and sandals with her own efforts. She now has a stand in… More from Juventina'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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- Repayment Term
- 17 months (Additional Information)
- Repayment Schedule
- May 18, 2013
- May 29, 2013
- Currency Exchange Loss:
- Sep 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.