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Ines

Update on Ines

Ines 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.
View original language description ↓
Don Inés tiene 56 años de edad, casado, tiene 6 hijos y vive con su esposa y 3 de sus hijos en una aldea que pertenece al municipio de Morazan Yoro. Don Inés lleva aproximadamente 30 años de ser productor de maíz y otros cultivos. Desde pequeño trabajo con su padre y ahora tiene su propio cultivo. El maíz que produce lo vende en el mercado local. Lleva cinco ciclos de préstamos solicitados con el actual, el cual es por 15,000 lempiras y lo va utilizar para comprar fertilizantes, abonos, pago de mano de obra y compra de semilla mejorada para el cultivo de maíz. Con esta inversión el va sacar mejores cosechas y obtendrá mas ganancias. Su meta es seguir creciendo con sus cultivos para sacar mas producción y ganancias para darle calidad de vida a su familia.

Previous Loan Details

Inés, 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 »

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.

About Honduras

  • $4,200
    Average annual income
  • 58
    View loans »
    Honduras Loans Fundraising
  • $8,403,175
    Funds lent in using Kiva
  • 21.0
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Ines to buy fertilizer, manure, cover labor costs and to buy better seeds to cultivate corn.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 8, 2014
Listed
Jul 28, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014