Update on Kenia AzucenaKenia is 33 years old, married, and has 3 children. She lives with her husband and children in the municipality of La Masica in the department of Atlántida.
For 3 years, Kenia has had her own beauty salon and cosmetic sales business. She offers her customers hairstyling, haircuts, straightening, ironing, hair color, and nail treatments, and other services. She also sells products like hair color, creams, shampoo, nail polish, and nail polish remover, etc. She has the business in her house, and she is very well-known in the community.
Kenia is requesting a second loan for 28,000 Honduran lempiras to pay for some purchases that she made on credit, and to stock her business with more creams, shampoos, dyes, nail polish, and other products that she uses and sells in her salon. Her goal is to grow her business so that she can provide for her family and give her children a better quality of life and an education.
Previous Loan DetailsKenia, age 32, is married and has three children. She lives in San Juan Pueblo in the Masica municipality in Atlántida. She has had her own business, a beauty salon and beauty product sales, for two years. She offers her customers hairstyling, haircuts, straightening, ironing, hair color, and… More from Kenia Azucena'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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- Repayment Term
- 26 months (Additional Information)
- Repayment Schedule
- Jul 18, 2013
- Jul 31, 2013
- Currency Exchange Loss:
- Aug 30, 2013
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.