Familiar Cristiano Group
Yolanda started to buy pigs with the little help she got from her children and with loans from FAMA has managed to enlarge the business. She has no problems with sales because demand is good. The loan Yolanda needs it to buy pigs. One of the inconveniences she faces it that sometimes she does not find any pigs to butcher or does not have enough money to buy pigs. Yolanda has been working with FAMA for more than 15 cycles and she is very grateful for the support she’s gotten; she’s made her 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