Update on Santos EusebioSantos is 35 years old, married and has three children who are currently in school. He lives in a small village in Santa Cruz de Yojoa.
Santos has been running a business selling ladies' and children's clothing for four years. He sells hats, belts, sandals, bags and shoes. He works every day but on Saturdays and Sundays he sells from a sales location in Taulabe, a nearby village. He already has an established customer base. He started the business with his own money and has reinvested his profits in increasing his stock.
This loan is Santos' third through ODEF and his second through Kiva. It is for 21,000 lempiras which he will invest in buying merchandise such as clothing, shoes, belts, plastic goods and general merchandise. His goal is to expand his business so that he can make more income with which to cover his children's school expenses.
Santos tiene cuatro años de tener un negocio de venta de ropa para damas y niños, gorras, chinola, fajas, sandalias, bolsos y zapatos. Esta actividad la realiza a diario, pero el sábado y domingo vende en un puesto de venta En Taulabe, es una aldea cercana de su casa. Ya tiene su clientela establecida.
Este negocio lo inicio con dinero propio, y las ganancias las ha reinvertido para ir incrementando su inventario.
Este préstamo es el tercer ciclo con ODEF, es el segundo con Kiva, es por la cantidad de 21,000 Lempiras y los invertirá en la compra de mercadería como ropa, zapatos, fajas, plásticos, y achinería general. Su meta es poder ampliar el negocio para obtener mayores ingresos para cubrir los gastos de educación de sus hijos.
Previous Loan DetailsSantos Eusebio is 34 years old, and he has been married for 13 years. He has three children; ages 7, 10, and 12. The children go to school. He lives in the village of El Tigre in Santa Cruz, Yojoa. For two years Santos has had his business of selling women’s and children’s clothes, hats,… More from Santos Eusebio'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
- 20 months (Additional Information)
- Repayment Schedule
- May 16, 2013
- Jun 12, 2013
- Currency Exchange Loss:
- Dec 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.