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Marco Tulio

Update on Marco Tulio

Marco is 47 years old. He lives with his wife in the municipality of Tocoa, Colon with their daughter. His current work is tailoring; for 16 years, he has made outfits for all occasions and uniforms for schools and public and private institutions. In addition, he makes general clothing to sell.

He has succeeded in establishing a tailoring business with a lot of effort, work, and also with the support of his wife. He is currently requesting another loan in order to purchase fabric for making graduation gowns and caps, as it is the graduation season at the schools and there is a demand. His goal is to help his business to grow in order to have a better standard of living with his family.
View original language description ↓
Don Marco, tiene 47 años de edad, vive con su esposa en el municipio de Tocoa, Colon junto a una hija. Su actividad económica actual, es la sastrería, lleva 16 años confeccionando trajes para toda ocasión, uniformes para escuelas, colegios, e instituciones públicas y privadas. Además confecciona ropa para vender.
Ha logrado establecer su negocio de sastrería con mucho esfuerzo, trabajo y además con el apoyo de su esposa. Actualmente solicito otro préstamo para poder comprar telas para elaborar togas y birretes de graduación, ya que es la temporada de graduaciones en los colegios y escuelas y tiene demanda. Su meta es hacer crecer el negocio para tener mejor condición de vida con su familia.

Previous Loan Details

Marco Tulio, age 45, lives with his wife in the Tocoa municipality, Colon. He has a four year old daughter. His current business is tailoring. He makes outfits for all occasions and uniforms for elementary schools, high schools, and public and private institutions. He managed to establish h... More from Marco Tulio'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.

Tags

About Honduras

  • $4,800
    Average annual income
  • 83
    View loans »
    Honduras Loans Fundraising
  • $8,825,425
    Funds lent in using Kiva
  • 20.4
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Marco Tulio to purchase fabric for making graduation gowns and caps that have been ordered from him.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2013
Listed
Dec 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2015