Caminando Con Jesus Group
Update on Caminando Con Jesus GroupRaimunda is a member of the “Caminando con Jesús” (Walking with Jesus) communal bank. She’s 63-years-old, married and the mother of five children. Her husband works in agriculture and she sells groceries. She lives in the city of Juticalpa.
Raimunda has had a grocery store for the last four years. It’s open to the public from 6am until 6pm. She works alongside an employee that helps her take care of customers whenever she needs to go out to buy merchandise to stock the grocery store. She also helps her out during the morning when Raimunda works as a cleaning lady at a government institution.
Raimunda needs the loan to buy rice, beans, lard, soap, oil, pasta, sauces, condiments, snacks, soft-drinks, bread, meat, cured meats and chicken among other food items. With support from this loan she will be able to stock her store and her customers won’t go elsewhere to buy because she’ll have a little of everything. Her dream is to build her store out of concrete blocks since it’s currently wood and to support her children so that they can finish their academic studies. Raimunda has been in several FAMA cycles and has made her payments punctually.
Previous Loan DetailsRaimunda is a member of the “Caminando con Jesús” (Walking with Jesus) communal bank. She’s 63-years-old, married and the mother of five children; her husband works in agriculture. She sells groceries and lives in the city of Juticalpa. Raimunda has had a grocery store for the last four… More from Caminando Con Jesus 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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Jul 2, 2012
- Aug 9, 2012
- Currency Exchange Loss:
- Nov 27, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.