Update on SegundoSegundo is 47 years old, is married, has two children, and lives in the city of Arizona, Atlántida. For 5 years Segundo has been making a living from manufacturing wooden furniture in his own workshop, such as doors, door frames, windows, closets, dining room furniture and other things. He utilizes non-traditional and colored wood to make fine furniture. He has decided to ask for his fourth loan with ODEF for 15,000 Honduran lempiras, with which he will buy wood to make doors and sell them. His plan is to expand his workshop to get his family ahead.
Previous Loan DetailsSegundo, 46, is married and has two children. He lives in the town of Arizona, Atlántida. Segundo has been manufacturing wood furniture like doors, door frames, windows, closets, dining room furniture and others for four years. He uses traditional and colored woods to manufacture fine furnitur... More from Segundo'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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