Update on Marta AliciaMarta, 34, lives with her common-law husband and their five children in the municipality of Choloma, Cortes. She runs her own grocery store and sells staple grains, sugar, flour, salt, bread, eggs, doughnuts, soft drinks, dairy products, canned goods and personal hygiene products.
She previously worked in a factory but when she was laid off she decided to start this business. She has asked for a second loan of 15,000 Lempiras to stock her shop with such items as staple grains, flour, lard, dairy products, soft drinks, sugar, bread, eggs, doughnuts and other things she needs to increase her sales. Her goal is to expand her business, restock it and increase her earnings.
Previous Loan DetailsMarta is 33 years old and lives in a common-law marriage with her husband with whom she has five children. They live in the village of Choloma, Cortes. A few years ago she established her own business, a grocery store, where she sells staple grains, sugar, flour, salt, bread, eggs, chips, soft d... More from Marta Alicia'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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