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ODEF review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

ODEF is a Honduran lender and savings provider for adults in the informal economy, writing personal, business, secured and guarantor loans of HNL 500 to HNL 200,000 at an annual percentage rate of 34% to 38%. It suits savers and homebuyers who want a direct lender for both.

Key facts

Best for
Borrowing and saving through a single direct lender in Honduras.
APR
34% to 38%↗
Loan amount
HNL 500 to HNL 200,000↗
Term
36 to 60 months↗
Credit check
Hard↗
Rate type
Fixed↗
Lender type
Direct lender↗
Loan types
Personal, Business, Secured, Guarantor↗
Use cases
Home-improvement↗
Legal entity
Organizacion de Desarrollo Empresarial Femenino, Financiera↗
Headquarters
Honduras↗
Founded
1985↗
Support channels
Phone, Help-centre↗
Pricing model
Fixed rate
Official website
odeffinancierasa.hn

Savings

Headline rate
1%↗
Minimum deposit
HNL 10↗
Access terms
Savings account for natural persons over 18 in the informal economy; 1.00% annual interest on the average balance, no fixed term stated↗
Account kind
Easy access↗

Mortgages

Initial rate
10%↗
Fixed period
30 years↗
Purpose
Purchase↗

Facts checked September 26, 2026, 7 sources

Apps and profiles

Elsewhere
LinkedIn

Pros and cons

Pros

  • Personal, business, secured and guarantor loans of HNL 500 to HNL 200,000 from a direct lender, alongside an easy access savings account.
  • Home purchase lending with an initial rate of 10% and a fixed period of 30.
  • Easy access saving on a fixed 1% headline rate from a HNL 10 minimum deposit, with no fixed term stated.
  • Support runs on phone and help centre, and lending has been trading since 1985.

Cons

  • The annual percentage rate of 34% to 38% sits well above the 15.5% median across the listings here.
  • The credit check is hard, the same standard as 75% of the lenders listed here, so a thin file has a harder route in.
  • Personal loan terms of 36 to 60 are short next to the 480 reach of the wider listings.
ODEF

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Scored 9.0 / 10 by SumCue.

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Who it suits

  • Adults in Honduras working in the informal economy who want one institution for borrowing and saving.
  • Homebuyers after purchase lending with a fixed period of 30 and an initial rate of 10%.
  • Savers able to open an easy access account from a HNL 10 minimum deposit.

Who should look elsewhere

  • Borrowers chasing the lowest rate: Cashspace lists PHP 12 to PHP 36 and Sofkredit 10.74% to 18.06%, both under ODEF's 34% to 38%.
  • Anyone wanting a euro loan of from €12,000 or more, where ODEF lends in HNL.
  • Borrowers wanting a long repayment period, since terms stop at 36 to 60.

How ODEF compares

Where ODEF is available

Available
Honduras
Licence in Honduras
Comision Nacional de Bancos y Seguros (CNBS), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate do I pay on a personal loan?+

Personal loans from ODEF run at an annual percentage rate of 34% to 38%. That sits above the 15.5% median across the listings here, and above the 14.43% median for personal loans specifically, so the cost is the first thing to weigh up.

How much can I borrow and over how long?+

Personal loans run from HNL 500 to HNL 200,000 with repayment terms of 36 to 60. ODEF also writes business, secured and guarantor loans, and it is a direct lender, so applications and decisions run through the institution rather than a broker.

Will a credit check run?+

A hard credit check runs on applications, which is what 75% of the lenders listed here use. Soft prequalification appears in 19% of the personal loan listings, so a thin credit file can stop an application early at ODEF.

Can I save money as well as borrow?+

Yes. The savings account is an easy access account for adults working in the informal economy, paying a fixed 1% headline rate on the average balance with a HNL 10 minimum deposit. No fixed term is stated, so the balance stays accessible rather than locked away.

Who regulates ODEF?+

ODEF trades under the Organizacion de Desarrollo Empresarial Femenino name as a financiera, based in Honduras, and has lent since 1985. The Comision Nacional de Bancos y Seguros (CNBS) is the regulator for banks and insurers in Honduras.

Is there a loan for buying a home?+

Yes. The home purchase loan carries an initial rate of 10% with a fixed period of 30, and home improvement is a stated use case. That long fixed period suits someone planning to keep the property for years.

How do I get help if something goes wrong?+

Support runs on phone and help centre only, so a phone call or the help centre is the route to an answer. Both suit the informal economy customers the savings terms describe, where a branch visit may not be practical.

How do these rates compare with other lenders?+

Cost of credit is where ODEF stands apart. Cashspace quotes PHP 12 to PHP 36 and Sofkredit 10.74% to 18.06%, both under ODEF's 34% to 38%, while Creduma ES lends in euro from from €12,000, so currency and loan size decide which one fits.

Sources

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Arrangement fee, Funding time, Representative example.

ODEF

ODEF

Borrowing and saving through a single direct lender in Honduras.

9.0/10See alternatives