Update on InesInes is 56 years old, married, and has six children. He lives with his wife and three of his children in a small village located in the municipality of Morazán Yoro. Ines has produced corn and other crops for about 30 years. Since he was young, he worked with his father and now he has his own farm. He sells the corn than he grows in the local market.
Including the current request, this will be his fifth loan cycle. It is for 15,000 lempiras and he will use it to buy fertilizer, manure, cover labor costs and to buy better seeds for the cultivation of corn. With this investment, he will have a better harvest and earn higher profits. His goal is to continue increasing his crops to improve production and profits in order to improve his family's quality of life.
Previous Loan DetailsInés, age 54, is married and has six children. He lives with his wife and four of their children in a village in the Morazan municipality in Yoro. Inés has been producing corn and other crops for approximately 30 years. When he was little he worked with his father, and now he has his own cro... More from Ines'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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Success!! The loan was 100% repaid