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Senda De Amor Group
In this Group: Maria Concepcion , Rosa Danubia, Irma Eloidina , Lidia Esperanza, Edy Isolina, Martha Cristina , Aura Noe , Paula Josefa , Ramon Abel

Update on Senda De Amor Group

Maria Concepcion is 43 years old, is a single mother and has 3 daughters and 1 son. She lives in the village of San Nicolas and she is a member and the coordinator of the communal bank Senda de Amor. Doña Maria started off by selling tamales and used clothes and in recent years she has been making and selling doughnuts and cheesecake. She gets up very early in the morning to start her working day. Two of her daughters help her mix all the ingredients while she prepapres the oven. Once the product leaves the oven, a daughter helps her deliver it. She makes a good profit selling her product but when it rains heavily it goes badly for her as the firewood gets wet and it is difficult to get the right temperature for the bread at the right time. She learned her business by watching others do it and she also helped them to gain experince. She needs the loan requested to buy raw materials such as flour, sugar, eggs, baking soda, firewood, etc. With the sale she will be able to continue taking care of her family and will also be able to save a little to use in an emergency. Her dream is to help her daughters to each have her own business and have an honourable way of making a living. Currently FAMA has given courses on Breadmaking and Pastry Making and Doña Maria and the members of her group have benefitted from them. For this reason she is thinking of diversifying her business with products such as pastries and types of bread.
View original language description ↓
Maria Concepcion tiene 43 años de edad, es madre soltera, tiene tres hijas y un hijo, reside en la Aldea San Nicolas, y es miembro y coordinadora del Banco Comunal Senda de Amor. Doña Maria inició vendiendo nacatamales y ropa de segunda mano, y desde hace unos años se dedica a la elaboracion y venta de rosquillas y quesadillas. Ella se levanta muy temprano por la mañana para iniciar su jornada laboral, dos de sus hijas le ayudan a mezclar todos los ingredientes mientras ella prepara el horno, y una vez que sale el producto horneado, una de sus hijas le ayuda a entregarlo. Por la venta de su producto obtiene una buena ganancia pero cuando llueve mucho le va mal porque la leña se moja y no le da buen punto al pan y este se pasa de tiempo. Ella aprendió a realizar su negocio porque observaba a otras personas hacerlo y tambien las ayudaba para agarrar practica. El prestamo que solicita lo necesita para comprar materia prima como harina, azucar, huevos, soda, leña, etc. Y con lo que venda ella podrá seguir sosteniendo a su familia y tambien podrá ahorrar un poco para responder ante cualquier emergencia. Su sueño es apoyar a sus hijas para que cada una de ellas tenga su propio negocio y puedan ganarse la vida honradamente. En la actualidad FAMA ha impartido a sus clientes cursos sobre Panaderia y Reposteria y Doña Maria asi como sus compañeras de grupo se han beneficiado, por tal razón ella iniciará a diversificar su negocio con productos como pasteles y otros tipos de panes.

Previous Loan Details

Maria Concepcion is 43 years old. She is a single mother and has three daughters and one son. She lives in the San Nicolas village and is a member and coordinator of the Senda de Amor (Path of Love) Community Bank. Mrs. Maria started by selling nacatamales and used clothing, and for the past f... More from Senda De Amor Group's previous loan »

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.

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.

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

  • $4,800
    Average annual income
  • 95
    View loans »
    Honduras Loans Fundraising
  • $8,676,100
    Funds lent in using Kiva
  • 19.0
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of Senda De Amor Group's $1,175 loan helped a member to buy flour, sugar, eggs, firewood, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2011
Listed
Nov 7, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2012
This photo was used before for a previous loan for Senda De Amor Group. It was first posted on Kiva on Jul, 2011. Learn More