Update on Hans BuchananHans Buchanan, 46, is married and has a daughter. He lives in one of the villages of the Lopez Arellano sector in Choloma, Cortes. Hans has a pizza business at home that he and his wife have been running for four years, working all day. He uses his bicycle to sell and makes home deliveries. Pizza has a good sales volume in the area since it can be eaten at any time of the day. He has a good customer base among the school children in the area who eat pizza for afternoon snack.
Hans is requesting a loan, his third, in the amount of 9,000 HNL, to buy pizza ingredients. The main item will be flour, which he will buy wholesale in order to save money. He will also buy shortening, sauce, etc. His goal is to have a pizza shop one day and expand his business to help his daughter with her education.
Previous Loan DetailsHans Buchanan is 45 years old and has been married for nine years. He has a nine-year-old daughter and lives in a neighborhood in the Lopez Arellano section of Choloma, Cortes. Sr. Hans has a business selling handmade pizzas that he and his wife prepare from their home. He has been in bus... More from Hans Buchanan'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