Update on Maria ModestaMaría is 32 years old, married, and has two children. She lives in a rural neighborhood in the town of Lepaera in the Department of Lempira.
María previously had a grocery store, but it did not do well, so she decided to focus only on agriculture. She currently cultivates coffee along with her husband. The output that is produced is sold to brokers in the area. María has requested several loans in order to maintain her crops since they provide her a source of income. At the moment, she has requested five previous loans and is asking for another one in the amount of 25,000 HNL. She plans to invest in the purchase of fertilizers and the cultivation of more coffee plants. With the care she provides to the crops, she hopes to improve her farm and her harvest. Her plan is to cultivate more plants and obtain more income so that she can improve her family’s quality of life.
Previous Loan DetailsMaria Modesta is 31 years old and married, and she and her husband have two children. They live in a rural village near Lepaera, depatment of Lempira. She used to run a small corner store, but has always been involved in agriculture. Currently, she just sees to growing coffee alongside her husban... More from Maria Modesta'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
- 12 months (Additional Information)
- Repayment Schedule
- At end of term
- May 15, 2014
- Jun 13, 2014
- Currency Exchange Loss:
- Apr 18, 2015
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.