The solidarity group Solidaridad is composed of two members, Manuela de los Santos and Aracely del Carmen. They live in Colonia Solidaridad in Juticalpa, Olancho, Honduras. Manuela is 71 years old, married, and has 9 children. She has been making flower garlands for 28 years, having learned the trade from her mother. She works together with her children from 6 in the morning to 7 in the evening, though she sometimes works until later. There are not many competitors but the rain can complicate things very much. Manuela will use the loan to buy materials such as paper and wire to make garlands. The loans she has received helped her to build her house and still help to keep her business going. She lives in the suburbs and transportation is a big part of her expenses. She also has high blood pressure. Her goal is to improve her house and to continue with her business, all while improving it by offering more choices and various garland designs that would bring in more customers. She has been with field partner FAMA for more than 6 years and has always been punctual in her repayments. Aracely sells fruit and vegetables in Juticalpa's central park. With the loan, she will buy fruits and vegetables to sell, with a view to increading her income.
Grupo Solidario Solidaridad esta integrado por dos socios, Manuela de los Santos y Aracely del Carmen. Residen en Colonia Solidaridad en Juticalpa, Olancho, Honduras. Manuela de los Santos tiene 71 anos de edad, esta casada y tiene 9 hijos. Se dedica a la elaboración de coronas de flores desde hace 28 años, oficio que aprendió con su madre. Trabaja en conjunto con sus hijos desde las 6 de la mañana hasta las 7 de la noche aunque ella no tiene horario de salida. No tiene mucha competencia pero cuando llueve tiene muchas dificultades. Doña Manuela invertirá el préstamo en materiales como papel y alambre para elaboración de las coronas. Los préstamos que ha recibido le han ayudado ya que hizo su vivienda y le sigue ayudando para mantener su negocio. Vive afuera de la cuidad y paga mucho transporte y padece de alta presión. Su meta es mejorar su casa y tener siempre su negocio, mejor surtido y con diferentes diseños de coronas de flores que puedan atraer más clientes. Ha sido cliente de FAMA por más de 6 años y ha cancelado sus cuotas puntualmente. Aracely del Carmen vende frutas y verduras en el Parque Central de Juticalpa. Con el préstamo comprara frutas y verduras para vender y aumentar sus ganancias.
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.