Update on Elvis ManfredoElvis is 35 years old and has three children. He lives with his wife and the children in the municipality of Choloma, Cortes. Elvis worked in an assembly plant and finding himself unemployed he decided to start his own business by himself and manage it with his wife. He sells basic food basket items like basic grains, lard, eggs, cereals, condiments, groceries, etc. He also goes out in the streets and sells eggs to make more revenue. He has stocked his store little by little, reinvesting his profits and investing his loans.
Elvis has decided to request a third loan of 20,000 HNL to stock more perishable goods like lard, eggs, sugar, rice, soft drinks, soap, beans and other groceries. Which will help him increase his sales and his profits. All his efforts are made to maintain a source of income for his family and increase the size of his business so that he can have his own house.
Elvis trabajo en una fábrica maquiladora y al quedar sin empleo decidió establecer su propio negocio por sus propios medios y manejarlo juntamente con su esposa.Se dedica a vender productos de la canasta básica familiar como granos básicos, manteca, huevos, cereales, condimentos, abarrotes etc. el también sale a vender huevos de forma ambulante para obtener mas ingresos. Lo ha surtido poco a poco reinvirtiendo sus ganancias y con inversion de prestamos. El ha decidido solicitar un tercer préstamo por 20,000 Lempiras para surtir de más productos comestibles que le ayuden a incrementar sus ventas y sus ganancias como manteca,huevos, azucar,arroz, refrescos, jabon, frijoles y otros abarrotes. Todo el esfuerzo que hace es para mantener siempre una fuente de ingresos para su familia y hacer que su negocio crezca más para poder tener su propia casa.
Previous Loan DetailsElvis is 32 years old, and he has two children. He lives with his wife and children in a village close to the Choloma municipality in Cortes. Elvis worked in an assembly plant. When he was left without employment he decided to set up his own business through his own resources. He decided to… More from Elvis Manfredo'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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