Last updated March 18, 2013

Partner Description:

ODEF Financiera SA (ODEF) is a microfinance institution that serves micro and small enterprises throughout the Northwest and the Atlantic Coast of Honduras. It focuses on women in rural and marginal urban areas, and provides loans for sustainable development and quality of life improvement.

The only organization of its kind in Honduras, ODEF analyzes and focuses on poverty reduction by providing loan products. Its goal is to become the leading microfinance institution in the country with the highest impact standards in the industry.

In 2005, ODEF introduced a technical assistance, social impact branch of its organization called ODEF-OPDF (Private Financial Development Organization, or Organización Privada de Desarrollo Financiero). This branch specializes in a more hands on, educational approach to assist borrowers in self-sufficiency and community development.



ODEF’s unique lending approach:
ODEF targets low-income clients, stresses poverty reduction and focuses on sustainability and environmentally-friendly products. Because its staff and board are trained in social performance, ODEF is able to focus on these areas of interest. In the past, ODEF has offered loans for sustainable agriculture, soil conservation, and agroforestry.




In addition to agricultural loans, ODEF provides loans for consumption, small and medium enterprises, and housing. To ensure self-sustainability among its borrowers, the organization offers financial literacy education.

Because of the team’s methodological structure and the selective process for choosing borrowers, ODEF has achieved widespread impact as an organization. With an active portfolio of 500 million lempiras (US$25.3 million), 31 branches and more than 25,000 clients, ODEF has proved to be a successful partner with a promising future.


Images courtesy of ODEF.



Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Oct 8, 2011 Oct 12, 2005
Total Loans $1,838,800 $590,831,750
Amount of raised Inactive loans $0 $819,825
Number of raised Inactive loans 0 696
Amount of Paying Back Loans $527,025 $116,310,325
Number of Paying Back Loans 659 123,737
Amount of Ended Loans $1,311,775 $473,701,600
Number of Ended Loans 1,968 601,061
Delinquency Rate 1.43% 4.21%
Amount in Arrears $5,404 $3,160,641
Outstanding Portfolio $377,494 $75,153,836
Number of loanDelinquent 36 14,150
Default Rate 0.55% 1.13%
Amount of Ended Loans Defaulted $7,180 $5,347,284
Amount of Ended Loans $1,311,775 $473,701,600
Number of Ended Loans Defaulted 27 16,817
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $62 $536,853
Refund Rate 0.17% 0.77%
Amount of Refunded Loans $3,175 $4,537,625
Number of Refunded Loans 3 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 60.92% 74.18%
Average Loan Size $591 $418
Average Individual Loan Size $640 $655
Average Group Loan Size $1,895 $1,828
Average number of borrowers per group 4.9 8
Average GDP per capita (PPP) in local country $4,200 $3,430
Average Loan Size / GDP per capita (PPP) 14.06% 12.20%
Average Time to Fund a Loan 10.65 days 5.6 days
Average Dollars Raised Per Day Per Loan $55.45 $74.74
  Average Loan Term 12.33 months 10.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,885 295,934
  Journaling Rate 90.36% 42.37%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.87

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 30% PY 36.00% PY 33.27% PY
  Profitability (return on assets) 1.2% 2.2% -1.45%
  Average Loan Size (% of per capita income) 71.50% 41.00% 40.88%

Country Fast Facts

Field Partner Staff

Nulvia Ramirez Gamoneda
Perla Rodriguez
Alexis Smith-Juvelis
Nohelia Dinora Ulloa Cruz
Carlos Zapata