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Francisco

Update on Francisco

Francisco 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.
View original language description ↓
Don Francisco, tiene 60 años de edad, esta casado, tiene 9 hijos y vive en una aldea del municipio de Gracias Lempira junto con su esposa y cuatro de sus hijos. El siempre se a dedicado a la agricultura y a la comercialización de granos básicos y ganado. Lleva aproximadamente 26 años de cultivar café y esta producción la vende en el mercado de la zona. Esta solicitando un segundo préstamo que es por 20,000 Lempiras y lo invertirá en la compra de fertilizantes, insumos y pago de mano de obra para elaborar viveros de café. Con esta inversión espera ampliar el cultivo y lograr mayor producción de café. Su plan es mantener esta actividad para poder ayudar a sus hijos menores a que realicen sus propios cultivos.

Previous Loan Details

Francisco 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 »

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.

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About Honduras

  • $4,200
    Average annual income
  • 10
    View loans »
    Honduras Loans Fundraising
  • $8,478,300
    Funds lent in using Kiva
  • 19.1
    Honduras Lempiras (HNL) = $1 USD
Expired
A loan of $1,050 helped Francisco to purchase fertilizers and supplies, and to pay for labor to prepare coffee crops.
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 9, 2014
Listed
Jun 9, 2014
Currency Exchange Loss:
Possible
Expired:
Jul 9, 2014