Unidas Para Vencer Group
Update on Unidas Para Vencer GroupThe “Unidas para Vencer” (Together to Succeed) communal bank is composed of ten members who carry out a variety of economic activities in the village of San Nicolás in Juticalpa. The bank coordinator is Kenia Jacqueline. She sells used clothes and sandals. She’s 33 years old, married and has three sons.
Six years ago and following the example of one of her neighbors, Kenia decided to go into used clothes sales and bought her first bundle of clothes thanks to economic help she got from her husband. Although it wasn’t much, it sufficed to get started. Her business does not have a name because she is a mobile vendor although sometimes she sells from home when her acquaintances or neighbors come by looking for her. The biggest difficulty Kenia faces is the rainy season because she can’t leave home and loses sales and also when she sells on credit because sometimes they take a long time to repay her.
Kenia needs the loan she’s asking for to buy a bundle of used clothes and also to buy sandals so that her customers can wear the latest and most up-to-date styles during the Christmas season. With support from this loan she will be able to stock her business with clothes and sandals in various colors and styles to satisfy customer demand.
Hace seis años atras Kenia siguiendo el ejemplo de una de sus vecinas decidio dedicarse a la venta de ropa usada, y compro su primer fardo gracias al apoyo economico de su esposo y aunque no fue mucho, eso le basto para iniciar. Su negocio no tiene nombre porque realiza las ventas de forma ambulante, y de vez en cuando en su hogar cuando sus vecinos o amistades llegan a buscarla. La dificultad mas grande que enfrenta Kenia es la temporada lluviosa porque no puede salir de su casa y pierde de vender y tambien cuando da la mercaderia al credito porque a veces se tardan mucho en cancelarle.
El prestamo que esta solicitando Kenia lo necesita para comprar un fardo de ropa usada y tambien comprar sandalias para que en esta epoca navideña sus clientes vistan especialmente estilos actuales y a la moda. Con el apoyo de este financiamiento ella podra surtir su negocio de ropa y de sandalias de diferentes colores y estilos para satisfacer a sus clientes.
Previous Loan DetailsThe 'Unidas para Vencer' community bank has ten members who are engaged in different business activities in the village of San Nicolas, in Juticalpa. The bank's coordinator is Kenia Jacqueline and she sells second-hand clothes and sandals. She is 33 years old, married, and has three sons. Six… More from Unidas Para Vencer 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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Dec 8, 2011
- Dec 11, 2011
- Currency Exchange Loss:
- May 19, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.