Update on SantosSantos is 35 years old and lives with her husband and son in a village in the municipality of Esparta in the Department of Atlántida. Eight years ago, she started her own business, which is a small grocery store that sells everyday goods such as basic grains, sugar, lard, eggs, flour, canned goods, cleaning products, sausages, condiments, chips, candy, bread, dairy products and other groceries.
Santos has been a client of the field partner for six loan cycles, and she used the previous loans to maintain her business. She is requesting her seventh loan for 20,000 HNL to improve her stock of basic grains, canned goods, cleaning products, chips, lard, sugar, flour, dairy products and other groceries. Santos says that with her store well-stocked she will be able to provide better customer service. Her goal is to expand her business and improve her income.
Previous Loan DetailsSantos, 34, lives with her husband and son in a village in Esparta, Atlántida. She opened her own grocery store 8 years ago to sell daily consumption items like basic grains, sugar, lard, eggs, flour, canned goods, cleaning supplies, plastic balls, condiments, snacks, candy, bread, plantain and ... More from Santos'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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Success!! The loan was 100% repaid