Lucia, is 43 years old, married, has three children, and lives in a village in the municipality of San Rafael, Lempira. She is a member El Sinai Group, which is made up of 7 members. For 12 years, she has made a living with agricultural activities such as maize, beans and coffee. She has decided to request 4,000 Lempiras for fertilizer and washing her plot of coffee and basic grains. Her plan is to do better every year and that their children can go to school. All of the group members live in the same community and are dedicated to the same line of work.
In the photo the members are identified as follows: On the left is Lucia, followed by Jose Mario, María Ofelia, Maria Luciana, Teodora, María de la Paz and Nicolasa who could not be in the picture.
The total loan amount of 35,000 Lempiras will be invested in the maintenance of their crops in order to improve production and income.
The whole group benefited from a project implemented by ODEF where they received training and productive assets, and that helped them gain access to loans. They are currently requesting the third cycle of loans to keep improving production and improve the quality of life of their families.
Lucia, tiene 43 años de edad, esta casada, tiene tres hijos y vive en una aldea que pertenece al municipio de San Rafael, Lempira. Ella es integrante del grupo Sinaí, el cual esta integrado por 7 miembros. Tiene 12 años de dedicarse a las actividades agrícolas como maíz, frijoles y café. Ha decidido solicitar 4,000 lempiras para fertilizar y limpiar su parcela de café y cultivo de granos básicos. siendo su plan mejorar cada año y que sus hijos puedadn estudiar.Todos los miembros del grupo viven en la misma comunidad, se dedican al mismo rubro.
En la foto se identifican así: A la izquierda esta Lucia, seguido Jose Mario, María Ofelia, Ma Luciana, Teodora, María de la Paz y Nicolasa quien no pudo salir en la foto.
El total del préstamo suma 35,000 lempiras y lo invertirán en el mantenimiento de sus cultivos para mejorar la producción e ingresos.
Todo el grupo se beneficio de un proyecto ejecutado por ODEF donde recibieron capacitaciones y activos productivos, eso les ayudo a poder tener acceso a prestamos. Actualmente solicitan el tercer ciclo para seguir mejorando la producción y mejorar la calidad de vida familiar.
More information about this loan
This loan is part of a program called Proyecto MIRE, which is being implemented jointly by ODEF and Plan Honduras in rural villages in Lempira, Honduras. The program targets families who are too poor to qualify for traditional microfinance loans and lack income-generating activities. The two-year program aims to give these families the tools they need to “graduate” from extreme poverty through training, financial literacy education, savings and a productive asset transfer. Once a participant has a viable business and has achieved certain goals, they are eligible to receive a Kiva loan for their new business from ODEF. Kiva is proud to support this initiative to empower rural Honduran families to lift themselves out of poverty.
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.