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Santos Melbin

Update on Santos Melbin

Santos is 34 years old, and lives in a common-law relationship with his partner with whom he has two children. He lives in the Azacualpa, Santa Bárbara district. Santos has always been engaged in business. Several years ago, he started buying and selling scrap iron and plastics to recycle. He sells these articles to a recycling plant. He is in his second loan cycle and is requesting a loan of 25,000 Lempiras to purchase scrap iron, aluminum, plastics, iron, copper, and other items in other places to sell to the plant. His dream is to succeed and become a great businessman, have his own company, and provide quality of life to his children and family.
View original language description ↓
Santos, tiene 34 años de edad, vive en unión libre con su pareja con quien tiene 2 hijos, reside en el municipio de Azacualpa, Santa Bárbara. Santos siempre se ha dedicado al comercio, hace varios años inicio con la compra y venta de chatarra y artículos plásticos para reciclar. Estos artículos los vende a una fábrica de reciclaje. El préstamo que solicita es el segundo ciclo y es por 25,000 lempiras para comprar chatarra, aluminio, plásticos, hierro, cobre etc. en otros lugares para venderlos a la fábrica. Su sueño es superarse ser un gran empresario llegar a tener su propia empresa y darles calidad de vida a sus hijos y familia.

Previous Loan Details

Santos, 33, lives in a common-law marriage with his partner, with whom he has two children. He lives in the town of Azacualpa, Santa Bárbara. Santos has always made a living in trade. Three years ago he started buying and selling scrap metal and plastic items to recycle. He sells these arti... More from Santos Melbin'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
  • 48
    View loans »
    Honduras Loans Fundraising
  • $8,354,075
    Funds lent in using Kiva
  • 19.6
    Honduras Lempiras (HNL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,275 helped Santos Melbin to purchase scrap iron, aluminum, plastics, iron, copper, etc. for resale.
72% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2014
Listed
Feb 28, 2014
Currency Exchange Loss:
Possible