Nueva Esperanza Group
She is requesting a loan for 5,000 lempiras in order to provide good maintenance and assistance to the crops and to have a good harvest. Her goal is to increase sales and her income in order to have a better quality of life.
She belongs to the “Nueva Esperanza” [New Hope] communal bank, which is comprised of six members. They live in the same community, and they are farmers.
In the photo Placida is to the left wearing a blue dress, then María Félix, María Adelayda, María Francisca, and María Paulina is to the right.
There are only five that are requesting a loan in this cycle. The group loan is for 21,000 lempiras.
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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Success!! The loan was 100% repaid