Update on Maria OlgaMaria is 51 years old, a widow, and has six children. She lives in Morazan, Yoro. Maria is very hardworking and used to do sewing work, but then wanted to increase her income and decided to set up a food business. She makes typical food and refreshments but her greatest requests are for baleadas (flour tortillas filled with beans, eggs, cheese, cream, etc.). She sells these baleadas for breakfast and dinner. Her dream is to have a commercial location.
She has gotten several loans through ODEF and is grateful for the support. She will use the 5,000 Lempiras to buy supplies, such as flour, lard, eggs, beans, cheeses, etc. to make baleadas and other foods. Her goal is to always keep her business active to generate income and support her children with their education.
Ella ha obtenido varios créditos con ODEF y esta agradecida por el apoyo brindado. El préstamo actual es por 5,000 Lempiras que solicita para comprar insumos como harina de trigo, manteca, huevos, frijoles, quesos etc. para elaborar baleadas y otras comidas para vender. Su meta es mantener siempre su negocio activo para generar ingresos y apoyar a sus hijos con los estudios.
Previous Loan DetailsMaría, 50, is single due to widowhood. She has six children and lives in Morazán, Yoro. María is very hardworking. She used to generate income doing sewing but wanted to earn higher income so five years ago decided to open a food business. She makes and sells traditional food and soft-drinks ... More from Maria Olga'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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- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Feb 24, 2014
- Mar 26, 2014
- Currency Exchange Loss:
- Nov 17, 2014
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.