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Paz Y Amor Group
In this Group: Maria Elodia , Kenia Marisol, Francisca Geraldina, Jose De Jesus
José, 55, is a member of the communal bank "Paz y Amor". He is married and has six children. His wife is a merchant and they live in the community of Bijao, municipality of Juticalpa, Olancho. For two years José has been in the dairy products business. He and his wife work from 8:00 a.m. to 8:00 p.m. The advantage José has is that business has gone so well that he has made enough profit to pay off debts and support his family.

One of the difficulties he runs into is that there is no electricity in the community and he needs a freezer for the dairy products. The loan requested by José is to renovate his house by putting in a ceramic tile floor. With the help of the loan José will be able to improve his lifestyle since his house currently has a dirt floor so a new tile floor will improve hygiene. One of his goals for the business is to have a wider range of products and a larger shop. This is his second loan through FAMA, and he paid off his previous loan on time.
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Don José tiene 55 años de edad, es miembro del Grupo Solidario Paz y Amor, es casado y tiene 6 hijos, su esposa es comerciante y ellos residen en la comunidad del bijao, municipio de Juticalpa, Olancho. Don José desde hace 2 años se dedica a la elaboración de productos lácteos, lo atiende el y su esposa, el horario de trabajo es desde las 8:00 am hasta las 8:00 pm, la ventaja de don José es que le ha ido muy bien en el negocio ya que le ha resultado factible, las ganancias que obtiene le da para pagar sus obligaciones y al sostenimiento de su familia. Una de las dificultades que se le presenta es que no hay energía eléctrica en la comunidad y necesita un frízer para congelar sus lácteos. El préstamo que don José solicita lo necesita para mejorar su vivienda siendo que desea ponerle piso de cerámica a su casa. Con el apoyo de este préstamo don José podrá tener un mejor nivel de vida ya que su casa tiene piso de tierra y ya no levantara polvo y por ende su salud mejorara. Una de las metas es tener mayor surtido su negocio y que el local se mas grande. Este es el segundo financiamiento que solicita en FAMA y ha cancelado sus cuotas 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.

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.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Honduras

  • $4,800
    Average annual income
  • 84
    View loans »
    Honduras Loans Fundraising
  • $8,841,950
    Funds lent in using Kiva
  • 19.1
    Honduras Lempiras (HNL) = $1 USD
Expired
A portion of Paz Y Amor Group's $4,200 loan helped a member to buy construction materials.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2012
Listed
May 4, 2012
Currency Exchange Loss:
Possible
Expired:
Jun 3, 2012