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Pedro  Joaquin
Pedro is 55 years old, is married and has six children. He’s a person of limited means but is also a very hard worker. Pedro and his wife have been selling general groceries for some time. Over time their business began going under, due to all the competition, so he decided to open a small bookstore. The number of customers, and therefore sales, have been growing little by little. Pedro needs this loan to buy pads of paper, notebooks, pencils, erasers, rulers, crayons, markers, etc. One of Pedro’s challenges has been the lack of capital to invest and stock his store with the necessary materials to have a large variety so that his customers will always find what they need. He’s certain that with the support of this loan, his sales will increase. His dream is to grow his business and have it better stocked. He has had five cycles with FAMA and has not had any problems with default, since he saves up money to make his payments on time.
View original language description ↓
Don Pedro tiene 55 años de edad, es casado, tiene 6 hijos, es una persona de escasos recursos económicos pero también es muy luchador. Don Pedro y su esposa hace algún tiempo se dedicaban a vender abarrotería en general, a través del tiempo su negocio iba decayendo ya que tenían mucha competencia por lo que decidió en poner una pequeña librería que poco a poco ha incrementado su clientela y por lo tanto sus ventas. El préstamo que solicita don Pedro lo necesita para la compra de libretas, cuadernos únicos, lápices, borradores, reglas, colores, marcadores, etc. Una de las dificultades de don Pedro ha sido la falta de dinero para invertirlo en la compra de producto para poder surtir su librería con los materiales necesarios y que pueda tener mayor variedad, para que sus clientes siempre encuentren lo que necesiten. El está seguro que con el apoyo de este préstamo sus ventas aumentaran y por lo tanto sus ingresos también. Su sueño es hacer crecer su negocio y tenerlo mejor surtido. Ha tenido cinco ciclos con FAMA y no ha tenido problemas de mora, ya que ahorra a diario para pagar la cuota puntualmente.

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.

About Honduras

  • $4,200
    Average annual income
  • 26
    View loans »
    Honduras Loans Fundraising
  • $8,349,000
    Funds lent in using Kiva
  • 19.1
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Pedro Joaquin to buy school supplies.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2012
Listed
Apr 12, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 27, 2012