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Maye 1 Group
In this Group: Celio Yovany, Francisco, Vicente
Celio is 26 years old and single. He lives with his parents and siblings in a rural village in the Jesús de Otoros municipality in Intibucá. Ever since he was little Celio has been working in agriculture with his father. He has land where he lives where he cultivates basic crops like corn and beans.

He also generates other income by working as a day worker for other farmers. He sells the production at the local market.

He belongs to the Maye 1 communal bank, which is comprised of three members. In the photo Francisco is to the left, Vicente is in the middle, and Celio is on the right. All of them devote themselves to farming and live in the same community.

They have decided to request a group loan for 16,800 lempiras to pay for the right to install electricity.

Celio and the members of the group say that by having electricity they will modernize their production through the purchase and installation of water pumps and watering systems. This way they will get good harvests. It will also improve their families’ quality of life.
View original language description ↓
Celio, tiene 26 años de edad, es soltero y vive con sus padres y sus hermanos en una aldea rural del municipio de Jesús de Otoro, Intibucá. Celio desde pequeño ha trabajado en la agricultura con su padre, donde vive tiene terrenos donde cultiva granos básicos como maíz y frijoles, además genera otros ingresos por trabajos de jornal a otros agricultores. La producción la vende en el mercado local.
El pertenece a un grupo solidario quien tiene como nombre Maye 1 y está formado por tres miembros que en la foto se identifican así: a la izquierda esta Francisco, en medio Vicente y a la derecha esta Celio, todos se dedican a la agricultura y viven en la misma comunidad. Han decidido solicitar un préstamo grupal por 16,800 Lempiras, para pago de derecho a instalación de energía eléctrica.
Celio y sus miembros de grupo dicen que contar con energía eléctrica ya podrán tecnificar su producción mediante la compra e instalación de bombas para agua y sistemas de riego y sacar así buenas cosechas. Además mejorar la calidad de vida de su familia.

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
  • 42
    View loans »
    Honduras Loans Fundraising
  • $7,971,875
    Funds lent in using Kiva
  • 19.7
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of Maye 1 Group's $875 loan helped a member to pay for the right to install electricity in order to install watering pumps.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2012
Listed
Oct 22, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013