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Alma Reina

Update on Alma Reina

Alma is 35 years old and in a common-law relationship. She has five children and lives with two of them in a rural neighborhood in the town of Gracias Lempira.

For several years, Alma has been cultivating corn, beans, and coffee. She also grows vegetables. The coffee and vegetables that she produces are sold at a local market in the area.

Doña Alma is requesting her sixth loan from ODEF in the amount of 8,000 HNL. She will buy fertilizers and seeds for cultivating basic grains and vegetables. With this investment, she hopes to cultivate an additional parcel of land so that she can generate income for her family's welfare. Her goal is to continue buying more land so that she can increase her crops, which will improve her children's quality of life and allow them to study.
View original language description ↓
Alma, tiene 35 años de edad, vive en unión libre con su esposa, tiene 5 hijos y vive en una aldea rural del Municipio de Gracias Lempira junto a dos de sus hijos.
Ella tiene varios años de dedicarse a la agricultura cultivando maíz, frijoles y café, también cultiva hortalizas. La producción de café y hortalizas la vende en el mercado local de la zona.
Doña Alma ha solicitado un sexto ciclo de préstamo a Odef por 8,000 lempiras para compra de fertilizante y semillas para cultivo de granos básicos y hortalizas. Con esta inversión ella espera cultivar una parcela mas para obtener ingresos para el bienestar familiar.
Su meta es seguir comprando mas tierras para aumentar los cultivos para darles mejor calidad de vida a sus hijos y que puedan estudiar.

Previous Loan Details

Alma Reina is 34 years old, in a common-law relationship, and has five children. She lives in a rural neighborhood in the town of Gracias Lempira. Alma Reina is a very hard worker. For the past four years she has been producing and selling coffee, as well as golden coffee beans. She spends ... More from Alma Reina'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

  • $4,200
    Average annual income
  • 22
    View loans »
    Honduras Loans Fundraising
  • $8,349,000
    Funds lent in using Kiva
  • 19.9
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Alma Reina to buy fertilizers and seeds for cultivating basic grains and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 25, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015