Update on Elder OneyElder, 24, is single and lives with his mother, grandmother and three brothers in the town of Omoa. He has been working in a barbershop for more than 5 years, in a space that he rents. He offers hair cuts, eyebrow trims, shaving for men and haircuts for kids. He is asking for a second loan, this one for 12,000 lempiras, to invest in the purchase of shaving cream, razors, talc, and combs to use in the barbershop. This loan will help him to keep his machinery in good shape. His objective is to grow this business and help out his parents.
Previous Loan DetailsElder, age 22, lives in the village of San Marcos in the Omoa municipality. He lives with his parents. He has always worked hard to be able to help them cover the family expenses. This year he is going to graduate as a trade expert and receive his high school diploma. Three years ago he… More from Elder Oney'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