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Las Dos Amigas Group
In this Group: Martha Elizabet, Betia Almendina
Martha is 44 years old and is a member of the solidarity group Las Dos Amigas. She is married and has three children. Her husband works in trade, and they live in the community of Concordia, Campamento, Olancho. She works selling basic grains. She started her business on her own initiative and has been doing this activity for five years. During harvest time, Martha buys grains in large quantities and stores them in order to be able to sell them during times of grain shortages.

She is applying for the loan to invest it in buying corn and beans to keep her business stocked. With the help of this loan, she will be able to continue helping her children and husband with household expenses, since she will make a profit from the sale of her product. Her goal is to be able to have a small store that buys and sells basic grains in her community. This is the third loan Martha has received from FAMA and she has made her payments on time.
View original language description ↓
Martha tiene 44 años de edad, es miembro del Grupo Solidario Las Dos Amigas, es casada y tiene tres hijos, su esposo se dedica al comercio, ellos residen en la comunidad de Concordia, Campamento, Olancho. Ella se dedica a la venta de granos básicos, inicio su negocio por iniciativa propia desde hace cinco años que se dedica a esta actividad, Martha en temporada de cosecha compra granos en grandes cantidades y los almacena para poder vender en la temporada de escases de los granos. Ella solicita el préstamo para invertirlo en la compra de maíz y frijoles para mantener surtido su negocio. Con la ayuda de este préstamo ella podrá seguir apoyando a sus hijos y a su esposo con los gastos del hogar, ya que obtendrá ganancias de la venta de su producto. Su meta es poder tener una bodega de compra y venta de granos básicos en su comunidad. Es su tercer financiamiento que obtiene Martha en FAMA y ha cumplido puntualmente con el pago de sus cuotas.

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 Honduras

  • $4,200
    Average annual income
  • 28
    View loans »
    Honduras Loans Fundraising
  • $8,199,100
    Funds lent in using Kiva
  • 19.1
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Dos Amigas Group's $1,175 loan helped a member to buy corn and beans.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2012
Listed
Jul 1, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 26, 2013