The loan he is requesting will be used to buy milk for making cheese. This loan will change Francisco's life in a major way since he does not have enough money to buy the necessary supplies for making his product. As a result, he will have more cheese to offer to his customers. The problem he has had to face was being the victim of a robbery in which he lost a great deal of money, which affected his business. Francisco was left without any working capital to invest in cheese production. One of his goals is to grow his business so that he can move his family forward.
This is his fourth loan with FAMA and his previous loans were repaid on time.
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.
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