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Olga Marina
Olga is 55 years old and lives with her two children and her common-law husband in a small town that is part of the community of La Entrada, Copan, near La Flecha, Santa Bárbara, Honduras. For the last 14 years she has had her own business selling condiments such as spices, cinnamon, saffron, oregano, curry, pepper, flavor enhancers, etc. She runs this business from her house, buying the raw materials and then processing and selling them. She has plans to expand her business and keep it well-stocked, and this is why she is asking for a loan of 20,500 lempiras to buy raw materials like pepper, cumin, garlic, saffron, cinnamon, oregano, etc. to process and sell in small bags. With her earnings she hopes to be able to continue to send her children to school and have a better life.
View original language description ↓
Doña Olga, tiene 55 años de edad, vive en unión libre con su esposo y tiene dos hijos, reside en una aldea que pertenece a la comunidad de la Entrada, Copan, cerca de la Flecha, Santa Bárbara. Lleva 14 años de dedicarse a su propio negocio de venta de condimentos como especias, canela, azafrán, orégano, curri, pimienta, saborizantes etc. Este negocio lo tiene en su casa, compra el producto entero, luego lo procesa y lo vende. Tiene sus planes de ampliar el negocio y mantenerlo surtido, por eso ha solicitado un préstamo por 20,500 Lempiras para comprar producto entero como pimienta, ajo, comino, azafrán, canela, orégano etc. para procesarlo y venderlo en bolsitas. De este negocio espera seguir dándoles el estudio a sus hijos y poder vivir mejor.

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.

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About Honduras

  • $4,200
    Average annual income
  • 28
    View loans »
    Honduras Loans Fundraising
  • $8,199,100
    Funds lent in using Kiva
  • 19.1
    Honduras Lempiras (HNL) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,075 helped Olga Marina buy raw materials like pepper, cumin, garlic, saffron, cinnamon, oregano, etc. to process and sell in small bags.
48% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2014
Listed
Jun 10, 2014
Currency Exchange Loss:
Possible