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La Esperanza Group
In this Group: Santos Tomas *, Jose Camilo , Deisi Umaria , Santos Pacita, Jose Martin, Maura Antonia , Filomena , Dominga , Oscar Alberto , Elmer Israel
* not pictured
La Esperanza community bank is composed of ten members, who carry out various economic activities in the community of Dulce Nombre de Culmi, in Catacamas. The bank coordinator is Santos Camilo B.. He is a 50-year-old carpenter, married with seven children. Santos learned the woodworking craft as an assistant in a friend’s workshop and now has his own workshop.

One difficulty he faces is that obtaining a permit to exploit timber is very difficult; therefore his production is limited and requires no employees. Santos is seeking a loan to buy materials such as wood, sandpaper, glue, varnish, sealer, etc. and thus produce furniture that has already been ordered. Santos loves his job and he hopes that the support of this loan will allow him to continue operating his workshop.

His goal is to grow economically to provide his family with all the basic necessities for daily living. The other members of the community bank are seeking a loan for different economic activities such as farming and butchering of pigs and cows, selling second-hand clothes, shoes, donuts, and grocery products.
View original language description ↓
El Banco Comunal La Esperanza está integrado por diez socios, los cuales realizan diferentes actividades económicas en la comunidad de Dulce Nombre de Culmi, Catacamas. El coordinador del banco es Santos Camilo B.. Él es carpintero, tiene 50 años de edad, es casado y tiene siete hijos. Santos aprendió el oficio de la carpintería como ayudante en un taller de un amigo y ahora él tiene su propio taller. Una de las dificultades que enfrenta es que obtener un permiso de explotación de madera es muy embarazoso y por eso sus trabajos son muy pocos y no necesita empleados. Santos está solicitando el préstamo para comprar materiales como: madera, lijas, pegamento, barniz, sellador, etc. y así elaborar unos muebles que tiene ya encargados. A Santos le encanta su oficio y por eso espera que con el apoyo de este préstamo pueda seguir operando su taller. Su meta es crecer económicamente para poder darle a su familia todo lo básico y necesario para su sostenimiento diario. Los demás integrantes del banco solicitan el préstamo para diferentes actividades económicas como la cría y destazo de cerdos y vacas, venta de ropa de segunda mano, zapatos, rosquillas, productos de abarrotería.

Additional Information

About FAMA:

Honduras is one of the poorest countries in the Western Hemisphere with approximately 59% of people living below the poverty line. Familia y Medio Ambiente OPDF (FAMA OPDF) is a Honduran non-profit with no religious or political affiliation. FAMA’s mission is to provide quality and opportune financial services so that men and women have equal opportunities to develop their micro or small businesses, whether they focus on agriculture, manufacturing or services. FAMA operates 13 branches throughout Honduras and serves over 12,500 clients.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Honduras

  • $4,200
    Average annual income
  • 22
    View loans »
    Honduras Loans Fundraising
  • $8,225,225
    Funds lent in using Kiva
  • 18.9
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Group's $3,300 loan helped a member comprar madera, pegamento, tornillos, barniz, sellador, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2010
Listed
Oct 8, 2010
Currency Exchange Loss:
Possible
Ended:
May 5, 2011