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Unidas Para Vencer Group
In this Group: Juana Francisca , Kenia Jacquelin , Leda Suyapa , Angela Maria , Gesi Elminta , Edith Francisca, Ada Luz , Emma Antonia, Eda Maria

Update on Unidas Para Vencer Group

Ada 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.
View original language description ↓
Doña Ada tiene 43 años de edad, es miembro del Grupo Solidario Unidas para Vencer, es casada y tiene dos hijos, su esposo es comerciante, ellos residen en la comunidad de San Nicolás, de la ciudad de Juticalpa, Departamento de Olancho. Doña Ada se dedica a la venta de verduras, frutas y golosinas, desde hace algunos años se dedica a esta actividad y le ha resultado muy rentable, trabaja en conjunto con su esposo, su horario de atención es de 6:00 am hasta las 6:00 pm. La ventaja es que tiene muchos clientes y el negocio le deja ganancias para cubrir sus gastos. El préstamo que doña Ada esta solicitando lo necesita para invertirlo en la compra de frutas y verduras. Con la ayuda de este préstamo podrá tener mejor surtido su negocio. Su meta es lograr tener un negocio más grande, bien surtido y obtener un local más amplio. Doña Ada es cliente de FAMA desde hace 10 ciclos y hasta la actualidad ha sido puntual con sus cuotas de pagos.

Previous Loan Details

Ada, 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 »

Additional Information

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.

About Honduras

  • $4,200
    Average annual income
  • 55
    View loans »
    Honduras Loans Fundraising
  • $8,379,275
    Funds lent in using Kiva
  • 19.6
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of Unidas Para Vencer Group's $800 loan helped a member to buy fruit and vegetables.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2012
Listed
Sep 23, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013