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Miguel Angel
Miguel, 50, is married and has a daughter. He lives in Choloma, Cortes. He worked for several years in a caretaking company, but when he lost his job, he decided to open up his own convenience store. He sells basic household necessities such as basic grains, sugar, butter, coffee, bread, soft drinks, churros (fried dough), sanitary products and other things.

He started the business in his house three years ago. He is in his third cycle of loans; he is asking for 25,000 lempiras, which he will use to stock up on more products such as meat, soft drinks, basic grains, sugar, coffee, churros, eggs, butter, and other groceries such as soap, toilet paper, batteries, tablets, etc.
View original language description ↓
Miguel, tiene 50 años de edad, esta casado, tiene una hija, vive en el municipio de Choloma, Cortes. El trabajo por varios años en una empresa de conserjería y luego de quedar sin empleo decidió establecer su propia pulpería. Vende productos de la canasta básica familiar como granos básicos, azúcar, manteca, café, pan, refrescos, churros, productos de aseo y otros abarrotes. El negocio lo estableció en su casa desde hace 3 años. Ha solicitado el tercer ciclo de préstamo por 25,000 lempiras, con el cual va surtir de mas productos como carnes, refrescos, granos básicos, azúcar, café, churros, huevos, manteca, y abarrotes como jabón, papel higiénico, baterías, pastillas etc.

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.

Tags

About Honduras

  • $4,200
    Average annual income
  • 39
    View loans »
    Honduras Loans Fundraising
  • $7,989,775
    Funds lent in using Kiva
  • 19.8
    Honduras Lempiras (HNL) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,275 helped Miguel Angel to buy stock of meat, soft drinks, basic grains, sugar, coffee, churros (fried dough), eggs, and butter, along with other groceries such as soap, toilet roll, batteries and tablets.
40% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible