Update on Maria MartaMaria is 62 years old, single, and lives with a grandchild in the municipality of Masica, Atlántida. Previously, she worked raising pigs and selling clothing. At the moment, she decided to sell used clothing for women, men, and children, and shoes for women. She runs the business from her home and it is going well. She has asked for a third loan cycle for 15,000 lempiras to purchase used clothing for women, men and children, and shoes for stock and to sell, so she can increase her profits. Her goal is to help her grandchild get ahead and to maintain her business.
Previous Loan DetailsDoña Maria is 61 years old and a single mother. She lives with her grandson in the town of Masica, Atlántida. Maria has always engaged in the retail trade. She started out selling clothing and shoes. A year ago she decided to buy, fatten, and sell pigs. She also butchers them and sells t... More from Maria Marta'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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