Amigos Unidos Group
Update on Amigos Unidos GroupLigia Mercedes, is a member of communal bank “Amigos Unidos” (United Friends), is 56 years old. Her family consists of her husband, whom makes a living farming, and three sons and one daughter.
Ligia started selling clothing, meat and rice wrapped in banana leaf (mecatamales), and other products. She learned how to bake bread while at a very young age since some of her neighbors were in this occupation and because she was a bit curious she’d sneak out from home to go see how these neighbors prepared the ingredients to make the bread and how they then baked it.
She does the work by herself but when she gets many orders she looks for someone to help her. One of her problems is that the economic situation is very difficult and besides there are other people engaged in the same activity and the market isn’t very big.
She will use the loan to buy sugar, baking soda, yeast, shortening, milk and flour. With support from the loan she will be able to invest in her business which will produce income to move her family forward. Ligia has been working with FAMA for fourteen years and thanks be to God and to her family who have been very supportive of her, she’s never failed to make her payments.
Doña Ligia inició vendiendo ropa, nacatamales y otros productos, y desde hace ya 15 años se dedica a la elaboración y venta de pan y rosquillas. Desde muy joven aprendió el oficio de horneado de pan, ya que unas vecinas de ella se dedicaban a esa actividad y como era un poco curiosa siempre se escapaba de su casa e iba a ver como esas vecinas preparaban los insumos para elaborar el pan y luego lo horneaban. El trabajo lo realiza sola pero cuando le encargan bastantes pedidos busca a una persona para que le ayude. Uno de sus problemas es que la situación económica esta bien difícil y además hay más personas que se dedican a la misma actividad y no hay mucho mercado. El préstamo lo invertirá en la compra de azúcar, soda, levadura, manteca, leche, y harina. Con el apoyo de este préstamo podrá invertir en su negocio y eso le dará ingresos para sacar a su familia adelante. Doña Ligia tiene 14 años de trabajar con FAMA y gracias a Dios y a su familia que ha sido de mucho apoyo para ella, nunca ha quedado mal con el pago de sus cuotas.
Previous Loan DetailsLigia Mercedes is a member of the “Amigos Unidos” (Friends United) solidarity group. She’s 56 years old. Her family consists of her husband, who is a farmer, her three sons and one daughter. Ligia started out selling clothes, nacatamales (Nicaraguan style tamales) and other products and for… More from Amigos Unidos Group's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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