For the last ten years Ignacia has been working selling snacks and natural beverages. Her work schedule is 9am to 3:30pm. One of her advantages is that she has many customers because they like the product she offers.
Ignacia needs the loan she’s requesting to buy raw materials to make her snacks and natural beverages like: flour, lard, bananas, chicken, tamarinds and melon, among others. With support from this loan Ignacia will be able to stock her business so that sales will be greater and her living conditions will be better.
Her goals are to make her business grow and to raise her children. Her greatest challenge is being able to have her business at home because she doesn’t have a stable place to sell her snacks. Ignacia has been a FAMA client for three cycles and she’s made all her installment payments punctually.
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