Trabajando Con Fe Group
This is a family of very few resources but very hardworking, honest and with good principles. Reina has been selling used clothes for a long time and she also has a small grocery store. She’s been able to raise her family with this business. She works with her husband and her work schedule selling clothes is Friday to Sunday and weekdays she works tending to the grocery store. One of her advantages is that she has a good clientele because her business is well-stocked.
Reina will use the requested loan to buy a bundle of used seasonal clothes to offer her customers a variety of styles. She is sure that with support from this loan her sales will increase and as a result so will her income. One of her challenges is to be able to work with her own capital. Reina has been working with Fama for two cycles and has made 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