Pinares Hierva Buena 1 Group
He’s been growing potatoes, corn and beans for 22 years. It’s been his life’s source of income and he dedicates all the time necessary to it. He’s asking for his second ODEF loan. This one is for 6,993.20 lempiras to buy potato seeds and to buy fertilizer needed for the crops. With this loan he hopes to complement the project and expand his crops to attain better income and to improve his family’s standard of living.
He belongs to a communal bank that’s called “Pinares Hierva Buena 1” that has five members. In the photo they can be identified thus: On the left is Justo, then Juan, then Alfonzo, then José and Lucia is on the right. All of them grow potatoes and live in the same community.
El tiene 22 años de dedicarse al cultivo de papa, maíz y frijoles, ha sido su fuente de ingresos en su vida a la cual le dedica todo el tiempo necesario. Esta solicitando ya un segundo préstamo con ODEF, este es por 6,993.20 Lempiras, para comprar semillas de papas y para comprar los fertilizantes necesarios para el cultivo. Con este préstamo él quiere complementar el proyecto de ampliar sus cultivos para lograr mejores ingresos y mejorar el nivel de vida económico familiar.
Pertenece a un grupo solidario que se llama Pinares Hierva Buena 1, que está formado por 5 miembros en la foto se identifican así: a la izquierda esta Justo, seguidamente esta Juan, luego Alfonzo, sigue Jose y a la derecha esta Lucia, todos se dedican al cultivo de papas y viven en la misma comunidad.
About Organización de Desarrollo Empresarial Femenino Financiera, S.A.This loan is administered by Organización de Desarrollo Empresarial Femenino Financiera, S.A. (ODEF), a Kiva Field Partner in Honduras. A leader in the microfinance sector since 1985, ODEF strives to combat poverty by offering a wide array of financial services to low-income men and women. The organization works with its parent NGO, ODEF OPD, to provide training and technical assistance to impoverished microentrepreneurs. By incorporating the entire family unit in this process, ODEF OPD aims to improve the standard of living through the creation of profitable enterprises. Visit ODEF’s partner page for more information.
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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