Concepción De Lourdes
Update on Concepción De LourdesConcepción is 36 and married. Her husband lives outside the country, and she lives in the town of Peña Blanca with her three children. For several years, she has run a small grocery store through hard work and with loans so that she could support her family. She has kept the business going through good management and her husband's help. She sells grocery items like soap, disinfectant, toothpaste,toilet paper, and more.
She has had three loans with ODEF, which were financed through Kiva. She is applying for a loan of 20,000 to buy grocery items like toilet paper, bath soap, disinfectant, toothpaste, basic grains, milk products, beverages, margarine, and sugar so that she can offer her customers more variety and attract even more customers. She will work toward her goal to grow her business and educate her children.
Previous Loan DetailsConcepción, 35, is married; her husband lives abroad. She has three children who are 14, 10 and 2 years old. She lives in a village in Peña Blanca, Cortes. Concepción has a grocery store. She opened it four years ago aiming at having an additional source of income for her home and to be able to… More from Concepción De Lourdes'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