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G.s. Fuente De Vida El Retiro Group
In this Group: Teresa De Jesus, Teodora, Maria Irma
Teodora, 62, is single and has 7 children. She lives in the municipality of Arizona Atlántida with her son, daughter-in-law and a grandchild. More than a year ago, she started a business making and selling costume jewelry, such as: necklaces, rings, earrings and bracelets. She makes these products by hand, with tweezers. She makes a variety of designs based on the requests of her customers, and her products are sold in the community. She is requesting a loan for 5,000 Honduran lempiras to buy more supplies, such as: wire, stones, rivets, clasps, and other items to make the jewelry. With this investment, she will expand her business so that she can generate more income and improve the quality of life for herself and her family. She is requesting a loan within a communal bank called "Fuente de la Vida El Retiro." The group is made up of 3 people who are identified in the photo as follows: at the left is Teresa, who has a grocery store; in the center is Teodora; and at the right is Maria Irma. They all live in the same community.
View original language description ↓
Doña Teodora, de 62 años de edad, soltera, tiene 7 hijos, vive en el municipio de Arizona Atlántida, junto a su hijo, nuera y un nieto. Hace más de un año que ella se dedica a la elaboración y venta de productos de bisutería como ser: collares, anillos, aretes, y pulseras. Este producto es elaborado manualmente, con pinzas y de varios diseños a petición del cliente y es vendida en la comunidad. Esta solicitando un préstamo por 5,000 Lempiras para comprar más materiales como alambre, piedras, remaches, broches y otros para hacer productos de bisutería. Con esta inversión ampliara su negocio para generar más ingresos y mejorar su calidad de vida individual y familiar. El préstamo que solicita es en grupo el cual se llama Fuente de vida el retiro y está formado por tres personas que en la foto se identifican así: a la izquierda esta Teresa quien tiene una pulpería, en el centro esta Teodora y a la derecha María Irma, quienes viven en la misma comunidad.

Additional Information

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.

About Honduras

  • $4,800
    Average annual income
  • 82
    View loans »
    Honduras Loans Fundraising
  • $8,845,600
    Funds lent in using Kiva
  • 19.5
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of G.s. Fuente De Vida El Retiro Group's $875 loan helped a member to buy supplies to make jewelry such as: wire, colored stones, pin backs, clasps, hoops and other items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Aug 30, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013