La Flor Del Cafe Group
At this time, Jose wants to maintain his land so that he can keep on working. He decided to form a communal bank called "La Flor del Cafe." This group has 4 members who are identified in the photo as follows: at the left is Jose, beside him in the red shirt is Angel, next is Josue, and at the far right is Isrrael. They all live in the same community and are all farmers. This group loan is for 21,000 Honduran lempiras. They will use this loan to buy fertilizers and manure to maintain their land so that they can obtain better harvests.
Actualmente quiere darle mantenimiento a sus terrenos para continuar trabajando y ha decidido formar un grupo que se llama La flor del café y está formado por cuatro personas que en la foto se identifican así: a la izquierda esta don Jose, le sigue Ángel de camisa roja, luego esta Josue y a la derecha esta Isrrael, todos viven en la misma comunidad y se dedican a la agricultura y el préstamo grupal es por 21,000 Lempiras, el préstamo lo utilizaran para comprar fertilizantes y abonos para darle un mejor mantenimiento a los terrenos y lograr sacar mejores cosechas.
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.
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Success!! The loan was 100% repaid