Antorcha Encendida De Taulabe Group
She sells rice, beans, eggs, lard, sugar, bread, soft drinks, snacks, pastas, cleaning products, etc. Mirian has obtained several loans to invest in the business. Currently she is applying for her 12th group loan, so that she can stock her business with products such as rice, bread, beans, lard, soft drinks, and snacks. Her aim is to earn income and offer more products to her customers.
Her wish is to always keep her business going, so that it will generate income and allow her and her family to live a better life.
The group is called "Antorcha Encendida de Taulabé´" (The Lighted Torch of Taulabé) and consists of two members: Marian in a black blouse on the right, and on the left is Santos Yolanda. Both have small general stores and live in the same community. The group loan is for 20,000 lempiras, and they will invest it in stocking their businesses.
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