Nuevo Despertar Group
Andrea has gone through more than 4 loan cycles with ODEF in her communal bank. She hopes to continue to grow her business so that she can help her children to get a good education. The communal bank that she belongs to is called "Nuevo Despertar"; it is made up of 4 women who live in the same community and all have pottery businesses. In the photograph, from left to right, we see Julia, with the blue scarf on her head, followed by Andrea, the coordinator of the group, Maria, and on the far right in the black blouse is Donatila. The group is requesting a sum of 43,000 Honduran lempiras, which they will use to buy raw materials such as clay, dyes, and other supplies to make pottery, so that they can keep their businesses going.
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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