Dios Proveera Group
Update on Dios Proveera GroupDilma is 29 years old, and is a member of the solidarity group, "Dios Proveerá" (God will provide). She is married, has three children, and her husband is a mason. They are a very tight knit, hardworking family, and they live in the community of San Nicolás, which is in the city of Juticalpa, Olancho. Dilma makes a living selling used clothing, and began running her small business 16 years ago. She learned the trade from her mother, and presently runs her business out of her home, beginning at 7:00 every morning and working until 6:00 every evening. The advantage of her business is that she has a large customer base and not much competition in her area.
Dilma is requesting this loan in order to purchase packages of used clothing to further stock her business. She hopes, with this investment, to offer a wider range of styles and options to her customers. The only problem she faces is that she does not have enough money to buy the packages of clothing on her own, and she has therefore sought support from FAMA to grow her business. Dilma has been a client of FAMA for 15 business cycles, and has a great history of prompt loan payments.
Previous Loan DetailsJuana Rosa is a member of the group Dios Proveerá (God Will Provide). She is 45 years old, married and has four children. Her husband is a merchant. Since she was very young she has been working. Some years ago she started a business selling clothing. She is a very hard-working person who is well... More from Dios Proveera 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