Currently she works in the same business of making and selling tortillas, beginning at 5 a.m. until 5 p.m. She has to travel from Colonia Bella Oriente to Barrio de Jesús, in the same city. She also works selling Avon products.
Her advantage is that she has very good customers. Her disadvantage is that the stove where she makes tortillas is exposed to the sun and the water because she does not have a stand to cover it. Also, she has to travel every day at dawn from her house to her workplace.
Lucia needs the loan she is requesting to invest in buying Maseca [a brand of instant corn masa flour] and firewood. With the help of this loan she would change her standard of living because with the profits she makes she will be able to buy an industrial stove and make a stand to improve her workplace.
One of her goals is to have a well-established place for her tortilla business to better serve her customers. She has had 14 loan cycles with FAMA and she has paid them back punctually. With the profits from the loans given, she was able to build her little house.
Su ventaja es que tiene una muy buena clientela y su desventaja es que el fogón donde hace las tortillas esta expuesto al sol y al agua por no tener una caceta para cubrirlo y que tiene que viajar todos los días en la madrugada desde su casa hasta su lugar de trabajo. El préstamo que doña Lucia esta solicitando lo necesita para invertirlo en la compra de maseca y leña. Con el apoyo de este préstamo cambiaria su nivel de vida porque con las ganancias que reciba podrá comprar una estufa industrial y hacer una caceta para mejorar su lugar de trabajo. Una de sus metas es tener un local bien establecido para su tortillera para atender mejor sus clientes. Ha tenido 14 ciclos con FAMA y los ha cancelado puntualmente ya que con las ganancias de los préstamos obtenidos pudo construir su pequeña casa.
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