Organizacion de Desarrollo Empresarial Femenino (ODEF)
Honduras
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
Repayment Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Oct 8, 2011 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $1,071,400 | $426,651,775 | |
| Amount of Raised Inactive Loans | $0 | $238,975 | |
| Number Of Raised Inactive Loans | 0 | 213 | |
| Amount of Paying Back Loans | $632,975 | $94,149,725 | |
| Number Of Paying Back Loans | 839 | 101,646 | |
| Amount of Ended Loans | $438,425 | $332,263,075 | |
| Number Of Ended Loans | 736 | 435,701 | |
| Delinquency Rate | 0.85% | 1.91% | |
| Amount In Arrears | $3,743 | $1,156,960 | |
| Outstanding Portfolio | $442,781 | $60,497,022 | |
| Number of Loans Delinquent | 37 | 9,042 | |
| Default Rate | 0.12% | 0.97% | |
| Amount of Ended Loans Defaulted | $531 | $3,220,059 | |
| Amount of Ended Loans | $438,425 | $332,263,075 | |
| Number Of Ended Loans Defaulted | 2 | 9,823 | |
| Currency Exchange Loss Rate | 0.00% | 0.02% | |
| Amount of Currency Exchange Loss | $0 | $77,435 | |
| Refund Rate | 0.16% | 0.95% | |
| Amount of Refunded Loans | $1,700 | $4,068,925 | |
| Number Of Refunded Loans | 2 | 4,589 |
Loan Characteristics On Kiva
Loan Characteristics On Kiva| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 64.31% | 74.04% | |
|---|---|---|---|
| Average Loan Size | $617 | $407 | |
| Average Individual Loan Size | $643 | $646 | |
| Average Group Loan Size | $2,140 | $1,744 | |
| Average Number Of Entrepreneurs Per Group | 5.2 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $4,200 | $3,345 | |
| Average Loan Size / GDP Per Capita (PPP) | 14.69% | 12.17% | |
| Average Time To Fund A Loan | 8.12 days | 4.68 days | |
| Average Dollars Raised Per Day Per Loan | $76.04 | $86.95 | |
| Average Loan Term | 11.87 months | 9.61 months |
Journaling Performance on Kiva
Journaling Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Total Journals | 738 | 203,771 | |
|---|---|---|---|
| Journaling Rate | 91.51% | 39.99% | |
| Average Number Of Comments Per Journal | 0.01 | 0.11 | |
| Average Number Of Recommendations Per Journal | 0.00 | 2.72 |
Borrowing Cost Comparison (based on 2011 data)
Borrowing Cost Comparison (based on 2011 data)| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Portfolio Yield | 29.40% | 36.70% | 35.02% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | 2.1% | 2.1% | -0.38% | |
| Average Loan Size (% of Per Capita Income) | 71.50% | 40.10% | 46.53% |
Country Fast Facts
Country Fast Facts- Country:
- Honduras
- Capital:
- Tegucigalpa
- Official Language:
- Spanish, Amerindian dialects
- Population:
- 7,989,415
- Avg Annual Income:
- $4,200
- Labor Force:
- agriculture 14.2%; industry 27.9%; services 57.9%
- Population Below Poverty Line:
- 59%
- Literacy Rate:
- 80%
- Infant Mortality Rate (per 1000):
- 21.04 deaths
- Life Expectancy:
- 70.51 years
Field Partner Staff
Jeffrey NelsonNulvia Ramirez Gamoneda
Perla Rodriguez
Alexis Smith-Juvelis
Nohelia Dinora Ulloa Cruz
Carlos Zapata