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Manantial Group
In this Group: Lesbia Onely, Rudy Yulissa, Mack Edgar
Lesbia is a member of the El Manantial group; she is 24 years old and the single mother of 1 son who is three years old. She started out in business in the year 2008 with a small general store. She opens the business from 7:00 am, and closes it at 8:00 pm. The advantage she has is that there are no other businesses nearby and she has little competition. One of the challenges she confronted was that she had to battle with customers who did not pay her on time, but now she only sells in cash and that way avoids losses in her business.

Lesbia requests this loan to invest in the purchase of products such as: lard, cold cuts, chicken, refreshments, sugar, beans, rice, among others. The challenges Lesbia faces in her business are due to the fact that food staples are more expensive every day and people aren’t buying like they used to. The business will change with the loan because she will have a greater variety of products and that way will sell more. Lesbia’s goals are to help her son get ahead, to make her business larger and more productive one day, and to have a better standard of living. This is the third loan she requests with FAMA, and she has complied with her payments punctually.
View original language description ↓
Lesbia es miembro del Grupo Solidario El Manantial, tiene 24 años de edad, es madre soltera y tiene 1 hijo de tres años. El negocio lo comenzó en el año 2008 con una pequeña pulpería, el negocio lo abre a las 7:00 AM y lo cierra 8:00 PM, la ventaja que tiene es que no hay negocios cercanos y tiene poca competencia, una de las dificultades que enfrentaba es que tenia que lidiar con clientes que no le pagaban puntualmente pero ahora solo vende al contado y así se evita de tener perdidas en su negocio. Lesbia solicita este préstamo para invertirlo en la compra de productos como ser: manteca, embutidos, pollo, refrescos, azúcar, frijoles, arroz, entre otros. Los desafíos que enfrenta Lesbia en el negocio son porque cada día la canasta básica es más cara y las personas casi no compran como antes. El negocio cambiara con el préstamo ya que tendrá más variedad de productos y así venderá más. Las metas de Lesbia es poder sacar a su hijo adelante, que un día su negocio sea mas grande y productivo y tener una mejor calidad de vida. Es el tercer crédito que solicita en FAMA y ha cumplido puntualmente con el pago de sus cuotas.

Additional Information

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.

About Honduras

  • $4,200
    Average annual income
  • 19
    View loans »
    Honduras Loans Fundraising
  • $8,346,875
    Funds lent in using Kiva
  • 19.1
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of Manantial Group's $750 loan helped a member to buy refreshments, lard, cold cuts and chicken, among other items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2012
Listed
Apr 9, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012