Bella Vista 2 Group
Haydee earns her own income to support her household. For two years she has sold cosmetics such as creams, lotions, and make-up. She also has some apartments that she rents. The goal she works for is to have economic stability and improve her living conditions.
In her community they have problems with potable water. To pay for it she decided to form a group to request financing to be able to drill and set up a well for drinking water. The group is made up of 12 members and is called Bella Vista 2. They've requested 5,000 lempiras [HNL] each, for a group total of 60,000 lempiras.
The people in the photograph are: Haydee at the left, wearing a white blouse and jeans, then José, next Floridalma, Reynaldo, Edin, Maura, Julio, Delia, Elder, Amado, Nahúm, and Juan at the right. They all live in the same community and have different businesses; some work for companies and take care of their businesses.
En su comunidad tienen problemas de agua potable, para solventarlo ha decidido formar un grupo para solicitar financiamiento y poder perforar y habilitar un pozo de agua potable. El grupo esta formado de 12 miembros y tiene como nombre Bella Vista 2, quienes han solicitado 5,000 lempiras cada uno, haciendo un total grupal de 60,000 Lempiras. en la fotografía se identifican así: a la izquierda esta doña Haydee de blusa blanca y Jeans, sigue don José, luego Floridalma, Reynaldo, Edin, Maura, Julio, Delia, Elder, Amado, Nahúm y Juan a la derecha. Todos viven en la misma comunidad y realizan diversas actividades de negocios y algunos trabajan en empresas y atienden sus negocios.
More information about this loan
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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