Update on FranciscoFrancisco is 60 years old and married. He has nine children and lives in a village in the municipality of Gracias Lempira together with his wife and four of his children. He has always worked in agriculture, focusing on the commercialization of basic grains and livestock. He has about 26 years of experience cultivating coffee and sells his crops in local markets. He is requesting his second loan and plans to use it to purchase fertilizers and other supplies, and pay for labor to prepare his coffee crop. With this investment he hopes to expand his crops and achieve better coffee production. His plan is to continue this line of work to be able to help his younger children start their own crops.
Previous Loan DetailsFrancisco is 58 years old and married. He has nine children and lives in a village in the municipality of Gracias Lempira together with his wife and four of his children. He has always worked in agriculture focusing on the commercialization of basic grains. He has about 25 years of experience cul... More from Francisco'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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