Unidas Para Vencer Group
Update on Unidas Para Vencer GroupAda is 43 years old. She is a member of the group "Solidario Unidas para Vencer" (United Together to Overcome). She is married and has 2 children. Her husband is in business. They live in the community of San Nicolás in the city of Juticalpa, department of Olancho. Ada works selling vegetables, fruits, and candies and she has been doing this for some years and it has turned out to be very profitable. She works alongside her husband. She works from 6:00am until 6:00pm. The advantage is that she has many customers and the business gives her a profit to cover her expenses. Ada needs the loan that she is requesting to buy fruits and vegetables. With the help of this loan, she will be able to better supply her business. Her goals is to have a bigger business that is well supplied and in a larger space. Ada has been a member of FAMA for 10 loan cycles and, to date, has been punctual in making her repayments.
Previous Loan DetailsAda, 43, is a member of the “Unidas Para Vencer” (United to Be Victorious) communal bank. She’s married and has two children; her husband’s a merchant. They live in the community of San Nicolás in the city of Juticalpa, Olancho Department. Ada has sold fruit, vegetables and snacks for seve... More from Unidas Para Vencer 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