Mildren is 29 years old, married and has three children. She is a member of the 'Las Orquidias' solidarity group. Her husband is a taxi driver. The family live in Los Dardanelos, in the city of Juticalpa, Olancho. Mildren started out in business thirteen years ago, selling candy twists and clothing. As she started gaining more customers, she decided to apply for a loan so that she could set up a small street stall selling candies. Her business continued to grow and she set up a grocery store. Her work hours are from 5.00am to 10.00pm. She works together with one of her daughters who runs the business.
Mildren is requesting this loan to invest in buying soft drinks, rice, sugar, milk, candies, firewood, etc. With the support of this loan, she will be able to stock her business with the products her customers are asking for. Her goal is to set up a supermarket in her home and her dream is for her business to grow so that she can help her husband with the household expenses and their children's school expenses. This is the first loan that Mildren has requested from FAMA and she expects to make her repayments on time.
Mildren tiene 29 años de edad, es miembro del Grupo Solidario Las Orquidias, es casada y tiene tres hijos, su esposo es taxista, ellos residen en la Colonia Los Dardanelos de la ciudad de Juticalpa, Olancho. Mildren inicio vendiendo charamuscas y ropa, desde hace trece años y cuando empezó a tener mas clientela decidió solicitar un préstamo para poner una pequeña chiclera luego su negocio fue creciendo y se dispuso a establecer una pulpería, su horario de trabajo es de 5:00 am y culmina a las 10:00 pm, trabaja en conjunto con una de sus hijas que es quien le administra el negocio. Mildren esta solicitando el préstamo para invertirlo en la compra de refrescos, arroz, azúcar, leche, dulces, leña, entre otros. Con el apoyo de este préstamo ella podrá surtir su negocio con los productos que le demandan sus clientes. Su meta es poder establecer un supermercado en su hogar y su sueño es que su negocio crezca para poder ayudar a su esposo con los gastos del hogar y estudiantiles de sus hijos. Es el primer financiamiento que solicita Mildren en FAMA y espera cancelar sus cuotas de forma puntual.
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.