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Adiel

Update on Adiel

Adiel, 36, is married and has 5 children. He lives with them in the municipality of Morazán, Yoro. Adiel has been buying and selling basic grains, like corn and beans for 11 years. He also sells bread and soft drinks, as an itinerant vendor. He buys the grains from growers at wholesale and resells them at retail from home and as an itinerant vendor. He is requesting an 18,000 Lempira loan, which he will use to buy corn, beans, bread, refreshments and other basic products to have stock on hand in order to increase sales. His goal is to grow his business so he can improve his family's quality of life.
View original language description ↓
Adiel tiene 36 años de edad, es casado, tiene 5 hijos y vive con ellos en el municipio de Morazán, Yoro. Adiel tiene 11 años de dedicarse a la compra y venta de granos básicos, como maíz y frijoles, además vende pan y refrescos de manera ambulante. Los granos básicos los compra a los productores al por mayor y lo vende al detalle en su casa y de manera ambulante. El préstamo que solicita es por 18,000 Lempiras es el tercer ciclo con ODEF y lo utilizara para comprar maíz, frijoles, pan, refrescos y otros productos básicos para tener surtido y poder incrementar las ventas. Su meta es hacer crecer el negocio para ofrecer mejor vida a su familia.

Previous Loan Details

Adiel, 35, is married and has four children. He lives with them in Morazán, Yoro. Adiel has been buying and selling basic grains like corn and beans for ten years. He also sells bread and soft-drinks. He buys the grains from growers at wholesale and resells them at retail at home. He’s ask... More from Adiel'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
  • 73
    View loans »
    Honduras Loans Fundraising
  • $8,656,500
    Funds lent in using Kiva
  • 20.4
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Adiel buy corn, beans, bread, refreshments and other basic products to stock up his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2013
Listed
Aug 21, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015