Update on Maria SuyapaMaría is 38 years old, a single mother and has three children. She lives in a village in the municipality of Arizona, Atlántida. Maria has been working as a vendor selling clothing and sandals, and a year ago began making and selling corn tortillas.
She has decided to request a second loan from ODEF for 8,000 lempiras with which she is going to buy clothing and sandals to sell and to fill orders, and also corn flour for making tortillas.
Her aim is to see her business grow so that she can obtain better income and provide family well-being.
Previous Loan DetailsMaria is 37 years old. She is a single mother. She has three children and lives in a village in the township of Arizona, Atlántida. Maria has her own business in a location in the market where she sells every type of clothing, such as shirts, T-shirts, underwear, tablecloths, and other items. She... More from Maria Suyapa'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