ODEF review

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

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Our verdict

ODEF is a Honduran direct lender for adults who want personal or business credit, with secured and guarantor options alongside. Borrowing costs an APR of 34% to 38% over terms of 36 to 60, and a hard credit check applies, so a thin credit history is a hurdle to clear.

Key facts

Best for
Personal and business borrowing in Honduras where collateral or a guarantor is available.
APR
34% to 38% (Source, checked September 26, 2026)
Loan amount
HNL 500 to HNL 200,000 (Source, checked September 26, 2026)
Term
36 to 60 months (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Loan types
Personal, Business, Secured, Guarantor (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Organizacion de Desarrollo Empresarial Femenino, Financiera (Source, checked September 26, 2026)
Headquarters
Honduras (Source, checked September 26, 2026)
Founded
1985 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Official website
odeffinancierasa.hn

Mortgages

Initial rate
10% (Source, checked September 26, 2026)
Fixed period
30 years (Source, checked September 26, 2026)
Purpose
Purchase (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Organizacion de Desarrollo Empresarial Femenino, Financiera (Source, checked September 26, 2026)
Headquarters
Honduras (Source, checked September 26, 2026)
Founded
1985 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Elsewhere
LinkedIn

Pros and cons

Pros

  • ODEF is a direct lender, so the agreement sits with the company that funds the loan.
  • Loan sizes run HNL 500 to HNL 200,000 and terms run 36 to 60, giving borrowers room to shape a repayment.
  • Personal, business, secured and guarantor lending all sit under the same roof, so a thin file can lean on security or a third party.
  • Home purchase credit starts at an initial rate of 10% with a fixed period of 30.

Cons

  • An APR of 34% to 38% sits well above the site median of 12%, so the cost of the money is high.
  • A hard credit check applies to applications, which suits borrowers whose record is already in reasonable shape.
  • Support runs on phone and help centre only, so live chat and email are not among the listed channels.
ODEF

Ready to try ODEF?

Scored 8.9 / 10 by BorrowCue.

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Who it suits

  • Adults in Honduras borrowing for a home purchase, where a fixed period of 30 spreads the cost.
  • Small business owners who want to deal with the lender that funds the loan.
  • Applicants with collateral or a guarantor to offer, since secured and guarantor loans are both available.

Who should look elsewhere

  • Anyone shopping on price alone: Cashspace ES is listed at 0% and Monzo Flex runs 10% to 23%.
  • Borrowers who want a soft check before committing, because ODEF applies a hard credit check.

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 can I borrow from ODEF for?+

ODEF lends for personal, business, secured and guarantor needs, and home improvement is a stated use of the money. Loan amounts run HNL 500 to HNL 200,000, covering everything from a small household expense to a larger renovation. The legal entity behind the lending is Organizacion de Desarrollo Empresarial Femenino, Financiera.

How much does borrowing from ODEF cost?+

Personal loans carry an APR of 34% to 38%, against a site median of 12%. That gap is the number to weigh before applying, since comparable credit elsewhere can cost a fraction of it. Terms run 36 to 60, so the total bill also depends on how long you take to clear the balance.

Does ODEF run a credit check?+

It does. ODEF applies a hard credit check to applications, which means the search can leave a trace on your record. Hard checks are also the most common approach across the site at 72.7%, so a soft prequalification route is the exception rather than the rule.

Who regulates ODEF?+

ODEF is supervised in Honduras by the Comision Nacional de Bancos y Seguros (CNBS). It lends as a direct lender rather than a broker, so your contract is with the company that funds the loan. The business has been lending since 1985, with HN as its home country.

How long do I have to repay?+

Personal loans are repaid over 36 to 60, with amounts on offer of HNL 500 to HNL 200,000. Work out the monthly figure against your own income before you apply, since a hard credit check runs on every application. Longer terms lower the payment but raise the total you repay.

Can I borrow for a house?+

ODEF lends for home purchase, with an initial rate of 10% and a fixed period of 30. Home improvement is also a stated use of the credit. Read both figures carefully, because the initial rate is only the starting point rather than the full cost of the loan.

How do I contact ODEF?+

Support runs on phone and help centre, so a phone call or the help centre is the route for questions. Email and live chat do not appear among the listed channels. For anything about an existing repayment, putting the question in writing through the help centre leaves a record of the answer.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

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

ODEF

ODEF

Personal and business borrowing in Honduras where collateral or a guarantor is available.

8.9/10See alternatives

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