Update on Ovidio AntonioOvidio, 39, is single and lives in a community in the town of La Másica in the department of Atlántida.
Ovidio has made a living selling food in a grocery store for four years. He decided to start this business because he didn't have a job. Previously he worked as a day laborer on dairy farms.
Currently he has requested a loan for 17,000 lempiras [HNL] to buy corn, beans, rice, shortening, bread, condiments, toiletries, cleaning products, sodas, and school supplies to have at the beginning of of school year.
Ovidio hopes to continue growing in his business and offering a greater variety of products to satisfy customer demand.
Ovidio se dedica a la venta de alimentos a través de una pulpería desde hace 4 años.
El decidió establecer este negocio debido a la falta de empleo, anteriormente se dedicaba al trabajo de jornalero en haciendas de ganado vacuno.
Actualmente ha solicitado un préstamo por la cantidad de 17,000 Lempiras los que piensa invertir en la compra de maíz, fríjoles, arroz, manteca, pan, condimentos, productos de aseo y limpieza, refrescos y útiles escolares para tener al inicio de año que comienzan las clases en las escuelas.
El espera seguir creciendo en su negocio ofreciendo mayor variedad de productos para satisfacer la demanda de sus clientes.
Previous Loan DetailsOvidio, 33, is single living in a community in the municipality of La Másica, Atlántida Department. He works selling foodstuffs in a grocery store he’s had for three years. He decided to start this business due to the lack of employment; he used to work as a day laborer on cattle ranches. He’s… More from Ovidio Antonio'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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This loan has been fully funded!
- Repayment Term
- 21 months (Additional Information)
- Repayment Schedule
- Nov 26, 2013
- Dec 4, 2013
- Currency Exchange Loss:
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.