He has cultivated his own parcel of coffee plants for five years. He wants to maintain his plantation well so that he gets better output, as this is his sole source of income. That is why he has decided to obtain a loan of 20,000 lempiras so that he can buy the necessary fertilizer and manure, and for the clearing of his plantation. His objective in making the investment is to help this family and improve his financial situation.
Desde más joven se dedica a la agricultura, hace 5 años cultivo su propia parcela de café. El quiere darle un buen mantenimiento a su finca para sacar mejor producción, ya que es su única fuente de ingresos que tiene. Por eso ha decidido obtener un préstamo por 20,000 lempiras para comprar el fertilizante y abono necesario y para limpieza de la misma. Su objetivo de hacer la inversión es ayudar a su familia y mejorar el nivel económico.
More information about this loan
This loan is part of an ODEF project that uses the Progress Out of Poverty Index (PPI) tool to measure client poverty levels. The tool is used to gauge the probability that a client falls below the poverty line based on living conditions, economic indicators, and access to basic services. Using the PPI helps ODEF to better understand its clients and ensure that impoverished individuals in Honduras get access to microfinance.
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.
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