Eperanza Y Fe Group
Several years ago Corina began selling fruits and vegetables. Later she began buying household products and so was able to establish a small grocery store, which she has supplied little by little. Her business hours are from 6:30 a.m., and she closes at 8:00 p.m.
The advantage she has is that the profits allow her to support herself and continue stocking the business. One of Corina's difficulties is that the customers shop for things she does not have and that she has not been able to supply in her business for lack of money.
She needs the loan to invest in the store on more and varied products such as sugar, milk, rice, lard, beans, soap, detergent, dairy products, sodas, "churros" [fried dough], sweets, etc.
She hopes that with the help of this loan her income will go up and she will be able to help with the support of her family and also make 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