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Las Maravillas S.b. Group
In this Group: Domitila, Delia Izabel, Reina
Domitila is 60 years old. She is married, has two children, and lives in the municipality of Nispero, Santa Bárbara. For 40 years, Domitila has been engaged in handicrafts work, where she makes sleeping mats, wallets, bags, change purses, plain and decorated rugs; all made of tule reeds, as well junco reed work. She sells her output in the local market in the area, and is expanding to sell in other markets in other cities.

She carries on this business from her home, and has good demand, as there is tourism in the area. To keep this business going, she has applied to ODEF for several loans. This is her fourth loan, and she is going to invest it in the purchase of raw material, mainly the tule reeds that she uses to make her products, as well as to pay for the labor of the people who help her in the business. Her goal is to have a larger business, in order to grow, and increase her earnings.

She belongs to the "Las Maravillas" solidarity group, which is made up of three members who work in the same activity and live in the same community.

In the photo, the members can be identified as follows: on the left is Delia with a red blouse, next to her is Domitila, and on the right is Reina, wearing a purple blouse. The total of the group loan is 45,000 lempiras.
View original language description ↓
La señora Domitila, tiene 60 años de edad, es casada, tiene dos hijos y vive en el municipio el Nispero, Santa Bárbara. Doña Domitila tiene 40 años de dedicarse a realizar actividades de artesanías, donde elabora petates, carteras, bolsos, monederos, alfombras, naturales y decorados, hechos de material tule y también trabajos en junco. La producción la vende en el mercado local de la zona y se expande a otros mercados de otras ciudades. Este negocio lo realiza en su casa y tiene buena demanda ya que hay turismo en la zona. Para mantener este negocio ha solicitado a ODEF varios préstamos, con el actual lleva cuatro ciclos, y lo va invertir en la compra de materia prima principalmente el tule que utiliza para elaborar sus productos y pago de mano de obra a las personas que le ayudan en el negocio. Ella tiene metas de tener un negocio más grande para crecer e incrementar sus ganancias.
Ella pertenece al Grupo solidario Las Maravillas S.B. que está formado de tres miembros que se dedican a la misma actividad y viven en la misma comunidad. En la foto se identifican así: a la izquierda esta Delia de blusa color rojo, seguidamente esta Domitila y a la derecha esta Reina de blusa color morado. El total del préstamo grupal es por 45,000 Lempiras.

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

  • $4,200
    Average annual income
  • 25
    View loans »
    Honduras Loans Fundraising
  • $8,349,000
    Funds lent in using Kiva
  • 19.6
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Maravillas S.b. Group's $2,300 loan helped a member to buy raw materials such as tule reeds, and pay for labor for the making of handicrafts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2012
Listed
Oct 7, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013