Bertha buys pigs that she then butchers to sell the meat to butcher shops. She learned the business from her parents and when she left home she had to find an economic activity to support herself so she put into practice what she knew which was how to raise pigs.
She’s asking for this loan to buy several pigs and to improve the sty they live in. With support from this loan she will be able to continue to provide sustenance for her family. Her goal is to save part of her profits to set up a grocery store at home and gradually stock it to become a mini-market.
With support from FAMA loans she’s caused her business to grow which has allowed her to improve her profits and gradually pay back her loans.
The other group members are in a variety of sales: nacatamales [Nicaraguan style tamales], beauty products, clothes, snacks and domestic use products.
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.
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Success!! The loan was 100% repaid