Update on Doris YanethDoris is 46 years old, she is a single mother, she has 2 children and she lives in the municipality of Santa Cruz de Yojoa. Previously engaged in selling meals, more than 3 years ago she opened a grocery store where she works 14 hours a day selling basic necessities such as rice, sugar, beans, dairy products, pasta, sausages and groceries. She has succeeded in getting ahead thanks to this activity and she is determined to keep on working. She has invested in a few loans in order to keep her activity stable. This will be her seventh loan and she is requesting 25,000 lempiras that she will invest in the purchase of basic grains, dairy products and groceries to stock up her store. She wishes for her activity to keep on growing, and she hopes to succeed in improving her family’s standard of living as well as to succeed in granting an education to her children.
Previous Loan DetailsDoris, age 45, is a single mother. She has two children, and she lives in the Santa Cruz de Yojoa municipality. Doris used to work selling food. However, three years ago she wanted to become independent and work in her own business. She started a grocery store, where she works 14 hours a day… More from Doris Yaneth'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