She has been selling snacks and soft drinks for 15 years. She started when she was very young. Her parents died, and the children were orphaned. Dulce was the oldest sister, and it fell to her to support her younger siblings. She decided to start selling juices and bags of water on the different bus routes. She starts her work day at 7:00 a.m., and she works until 6:00 p.m. Her two children help in the business.
The challenges that Dulce faces are that she sells in an itinerant manner and she has to deal with the changes of climate, and she has to walk, which takes its toll on her children.
One of her dreams is to be able to have her own place so that she does not have sell on foot.
Dulce needs the requested loan to buy soft drinks, candy, groceries, bread, and water, among other things. With the help of the loan she will be able to stock her business well, sell more, and get greater income. The income will help her with the educational, food, and health expenses of her children.
Dulce has been requesting loans from FAMA for over three years. She has been very punctual with her payments.
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