La Seriedad Group
Update on La Seriedad GroupLuz Benita is a member of the 'La Seriedad' community bank. She is a saleswoman. Luz is 43 years old and a single mother of four children. She lives together with her children in San Nicolás community. Many years ago, her father loaned her some money which she used to buy second-hand clothing to sell to her neighbors. Her sales made her some profits and so she bought some more merchandise. After a while, Luz decided to start selling seasonings and learned from one of her sisters.
Luz's children help her to prepare her seasonings and then she goes out to nearby villages to sell them. She hitches a lift with somebody she knows. She makes these sales every two weeks but she sells from her home all the time. Luz's main difficulties are the weather and when she can't find somebody to give her a ride because this means she has to walk long distances.
With the support of this loan, Luz will buy seasonings such as annatto, spices, cinnamon, cloves, rosemary and linseed. She will also buy small bags and staples with which to package them. With the support of this loan, she will be able to stock her business and she hopes that her sales will increase.
Luz's goal is to continue supporting her children so that they graduate. Two of her children have already done this thanks to her work. Luz has been a FAMA client for more than 15 loan cycles and she has been very punctual in making her loan repayments.
Sus hijos la ayudan a preparar los condimientos y luego ella sale a las Aldeas cercanas a venderlos, se transporta a jalon por alguien conocido. Las ventas las realiza cada 15 dias pero en su casa vende de forma permanente. Sus mayores dificultades son el clima y que cuando no encuentra a nadie que le de jalon tiene que caminar grandes distancias.
Con el apoyo del prestamo comprará condimentos como ser: achiote, especias, canela, clavos de olor, romero, linaza, y tambien comprar bolsitas, grapas para el empaque. Con el apoyo de este prestamo podrá surtir su negocio y espera que sus ventas aumenten.
Su meta es seguir apoyando a sus hijos para que estos se graduen, dos de ellos ya lo hicieron gracias a su esfuerzo laboral. Luz es clienta de FAMA por mas de 15 ciclos y ha sido muy puntual con el pago de sus cuotas.
Previous Loan DetailsLuz Benita is a member of the La Seriedad communal bank. She is a 43-year-old shopkeeper and single mother of four children. She lives with her children in the community of San Nicolas. Many years ago her father lent her 500 lempiras and with that she bought some second hand clothing to later res... More from La Seriedad Group's previous loan »
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.
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Success!! The loan was 100% repaid