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Luz Maribel

Update on Luz Maribel

Luz, 30, is married with three children; she lives with her family in Santa Cruz de Yojoa Municipality, Cortes. Luz has had her own grocery store for several years. She sells basic grains, soft-drinks, dairy products, packaged snacks, shortening, sugar, bread, eggs, etc. in it. She spends all day there and has the advantage that she can care for her family and run the business simultaneously.

She’s decided to request another loan for 15,000 Lempiras which will be her fifth ODEF cycle that has helped her keep her business active. She will buy shortening, beans, corn flour and other basic staple gods. Her goal is to stay in business and with her loans in order to live better with her family.
View original language description ↓
Luz, tiene 30 años de edad, casada, tiene 3 hijos, ella vive con su familia en el Municipio de Santa Cruz de Yojoa, Cortes. Luz lleva varios años con su propia pulpería, en este negocio vende granos básicos, refrescos, lácteos, churros, manteca, azúcar, pan, huevos, etc. Al cual le dedica todo el día, ella tiene la ventaja de atender a su familia y al mismo tiempo su negocio. Ha decidido solicitar otro préstamo por 15,000 Lempiras, el cual es el quinto ciclo con ODEF donde ha podido mantener activo su negocio. Comprara manteca, frijoles, harina de maíz y otros productos de la canasta básica. Su meta es seguir con el negocio y sus préstamos para poder vivir mejor con su familia.

Previous Loan Details

Luz is 29 years old, married, and has three children. She lives with her family in the town of Santa Cruz de Yojoa, Cortes. Luz is a homemaker, but she also established her own business three years ago. She has a grocery store where she sells basic grains, soft drinks, dairy products, and o... More from Luz Maribel's previous loan »

Additional Information

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.

About Honduras

  • $4,800
    Average annual income
  • 84
    View loans »
    Honduras Loans Fundraising
  • $8,841,950
    Funds lent in using Kiva
  • 20.4
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Luz Maribel to buy stock merchandise for her store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 21, 2013
Jul 22, 2013
Currency Exchange Loss:
Aug 17, 2014