Unidas Por El Amor Group
Update on Unidas Por El Amor GroupCommunal bank "Unidas por el amor" ("United for love") is comprised of eleven female partners and one male partner, all of which have various economic activities in their community.
Maria Salome is the coordinator of the communal bank. She is 53 years old and married with four children. She is a hardworking woman who lives in the village of Rusio, in the city of Juticalpa, Olancho. She runs a small grocery store in a small part of her home. She started the store with the first credit she received from FAMA in 2002.
Maria needs this loan in order to purchase general merchandise such as sugar, rice, refreshments, butter, meat, chicken, cold cuts, bread and other goods. With the support of this loan she will have a larger and more varied business, and her customers will be able to find everything they need to make their food. This way she can cover her home and health expenses.
Her goal is to expand her business and eventually own a general store. She also dreams of improving her home, because it is in pretty bad condition. Maria Salome has been a client of FAMA for nine years and she hopes to repay this new loan in a punctual and responsible fashion as she has done so far.
Maria Salome, es la coordinadora del Banco Comunal, tiene 53 años de edad, es casada y tiene cuatro hijos, y reside en la comunidad del Rusio en el municipio de Juticalpa, Olancho. Es una mujer luchadora y tiene una pequeña pulpería que inició con el primer credito que obtuvo en FAMA en el 2002 y funciona en una pequeña parte de su casa de habitacion.
El préstamo que está solicitando Maria lo necesita para comprar abarroteria en general como ser azúcar, arroz, refrescos, manteca, carnes, pollo, embutidos, pan, entre otros productos. Con el apoyo del préstamo tendrá más y mejor surtido su negocio y sus clientes podrán encontrar todo lo que necesitan para preparar sus alimentos y asi ella podra cubrir los gastos de la casa y su salud.
Su meta es hacer crecer su negocio y llegar a tener un minimercadito, tambien sueña con hacerle mejoras a su casa porque esta bien deteriorada Maria Salome ha sido cliente de FAMA por nueve años y espera pagar las cuotas de este nuevo prestamo de forma puntual y responsable como hasta en la actualidad.
Previous Loan DetailsDoña Francisca is a member and coordinator of the communal bank Unidas por el Amor. She is 56 years old and a widow. She has 6 daughters and 2 sons. She sells groceries and lives in Rusio in the municipality of Juticalpa. She has had a grocery store for the last 16 years and as a result has been… More from Unidas Por El Amor 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