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Emcograb Group
In this Group: Jose Eudosio, Ramiro, Sandra Celina, Eustaquio, Jose Olvi
José, 66, is married and has five children who are all independent now. He lives in Níspero, Santa Bárbara with his wife, daughter and grandson. He’s been working in agriculture for forty years growing corn and beans. He stores his grain in metallic silos while it's waiting to be sold. His customers are from the local market. This activity is his source of income. He dreams with having great basic grain harvests, to be a great farmer and to be able to give his family better quality of life. José has requested several ODEF loans. He’s had 26 of them counting the current one; four of them were group loan cycles. He thanks ODEF for this support and now Kiva too.

The group is called “Emcograb” and it has 10 members but only five of them are included in this loan request. In the photo they are identified thus: Sandra is in front, Eustaquio is on the right, the one behind wearing the hat is José Olvi’s, Ramiro is wearing the blue striped shirt and José is in the rear. All of them live in the same community and work in basic grain agriculture.

The group loan sums 106,000 Lempiras and they will use it to buy supplies, enhanced corn and bean seeds and to pay labor costs aiming at improving production and their quality of life.
View original language description ↓
Don José tiene 66 años de edad, es casado, tiene cinco hijos los cuales ya son independientes y vive en el municipio del Níspero, Santa Bárbara junto a su esposa, una hija y un nieto.

El tiene 40 años de dedicarse a la agricultura con el cultivo de maíz y frijoles. Esta producción la almacenan en silos metálicos mientras la venden, sus clientes son del mercado local. Siendo esta actividad su fuente de ingresos. El sueña con sacar grandes cosechas de granos básicos, ser un agricultor grande y poderles dar una mejor calidad de vida a su familia.
Don José ha solicitado varios prestamos a ODEF con el actual lleva 26, de los cuales cuatro ciclos en forma grupal, agradece por este apoyo a ODEF y ahora a Kiva.
El grupo se llama Emcograb y está formado por 10 integrantes, pero en esta solicitud solamente se incluyen cinco que en la fotografía se identifican así: al frente esta doña Sandra, al derecha Eustaquio, atrás el de sombrero es Jose Olvi, el de camisa azul rayada es Ramiro y al fondo esta don Jose. Todos viven en la misma comunidad y se dedican a la agricultura de granos básicos.
El préstamo grupal suma un total de 106.000 Lempiras y lo utilizaran para compra de insumos, semillas mejoradas de maíz y frijoles y pago de mano de obra. Con el fin de mejorar la producción y su calidad de vida.

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
  • 22
    View loans »
    Honduras Loans Fundraising
  • $8,225,225
    Funds lent in using Kiva
  • 19.7
    Honduras Lempiras (HNL) = $1 USD
Expired
A portion of Emcograb Group's $5,400 loan helped a member to buy supplies, enhanced corn and bean seeds and to pay labor costs.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Nov 7, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 7, 2012