Update on OrlandoOrlando, 48, is married, has three children, and lives in the municipality of Esparta, Atlántida. Orlando, motivated by the difficult economic situation and the will to overcome, he decided to set up his own business. It's a small grocery store where he sells basic staples, cleaning products, meats, dairy products, etc. He has 14 years of experience in the business and it is his source of income for his family. He has asked for a second loan in the amount of 25,000 lempiras, which he will use to buy products to stock his business and provide better service to his customers, meeting the demand of goods like basic grains, sugar, eggs, bread, pastas, cleaning products, dairy products, etc. His goal is for his business to continue prospering and to have the income he needs to always give his children a better life and the education they need.
Previous Loan DetailsOrlando is 47 years old, married and has three children. He lives in San Juan Pueblo, in the municipality of Esparta. Motivated by his difficult financial situation and desire to overcome, Orlando decided to set-up his own business, which consists of a general store where he sells goods from the… More from Orlando'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
- 14 months (Additional Information)
- Repayment Schedule
- Jul 11, 2013
- Jul 29, 2013
- Currency Exchange Loss:
- Jul 18, 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.