La Fe Group
Leyla started her business eight years ago and currently she works selling cosmetics and pork. Her workday begins at 7:00AM and finishes at 7:00PM.
Thanks to God, Leyla is a healthy person, very jovial, friendly and her advantage is that she has many customers. She is asking for this loan in order to buy cosmetics such as lotions, creams, shampoo, among others and to invest in the purchase of pork. With the help of this loan she can keep her business stocked and this will be better financially. Her dream is to have a well established business and to be able to have her own facility. This is her first loan with FAMA and she expects to make her payments on time.
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.
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