Update on Santos OvidioDon Santos is 53 years old, married with 6 children, and lives with his wife, daughter, son-in-law and grandchildren in the town of Macuelizo, Santa Bárbara. In order to earn an income for his family, he set up a convenience store where he sells soda, churros, vegetables, grains, sugar, cleaning products, flour, eggs, pasta, etc. He´s had this business for the past year and 10 months, after having stopped working in a sugar company. He currently has a paid job in another company and his wife tends to the store. He is asking for 6,000 Lempiras to buy butter, chicken, soda, churros, bread, flour, cleaning products, etc. and to supply the business with a way to improve sales. His plans are to buy a plot of land to leave to his children, to fix up his house, and to have a good business.
Previous Loan DetailsSantos is 52 years old, married and has 6 children. He lives with his children and grandchildren in the municipality of Macuelizo, Santa Bárbara. Searching for a way to generate income for his family he opened a small store where he sells drinks, churros, vegetables, basic grains, sugar, cleaning... More from Santos Ovidio'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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