Grupo Libertad 1 Group
Mamerto sells bread. He needs the loan to invest in buying bread. It would help him to have new capital, as he has loans and offers credit to his business customers. His dream is to build a house, since he rents and has not been able to save to buy his own house. Mamerto believes that with his business and the help of his children, he can dream of buying a house one day and stop renting.
2. Macaria has her own business selling sweets and firewood. She has been doing this work for more than 15 years. She lives with her husband and 2 children.
3. Oscar sells bread. He has been doing this for more than 4 years using his own vehicle. He lives with his wife and 2 children.
Choluteca, Honduras - March 2012
Macaria se dedica a su negocio propio venta de golosinas y venta de leña, actividad que realiza desde hace mas de 15 años actualmente vive con su esposo y 2 hijos.
Oscar se dedica la venta de pan, actividad que lo hace en su vehículo desde hace mas de 4 años. Actualmente vive con su esposa y 2 hijos
Choluteca, Honduras - Marzo del 2012
Prisma Honduras, S.A.This loan is administered by Prisma Honduras. Prisma is one of Kiva's first field partners in Central America and has funded over 2,500 entrepreneurs through Kiva since 2008. Prisma funds smaller than average loans for micro-entrepreneurs to help them grow businesses in urban and rural areas. To improve living conditions in Honduras, the organization strives to empower women who lack access to traditional financial services, and promotes solar panels to deliver clean, affordable electricity to rural areas. Through its four branches in southern and central Honduras, Prisma provides access to financial products to some of the poorest and most isolated communities in the country.
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