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El Oro Group
In this Group: Norma Leticia, Reyna Isabel, Maria Elena, Alba Luz , Juan Jose Luis, Blanca Nohemi*, Sara Marlen, Maria Victorina, Jose Reinerio, Nelson Noe
* not pictured
Norma is 30 years old, married, has 4 children, and lives in the Nueva Frontera municipality in Santa Barbara. She has always worked in agriculture. She has been growing her own coffee, corn, and bean crops for 3 years. This activity is her family's source of income.

She decided to form a group to request a loan for 11,000 lempiras. It will be invested in the purchase of fertilizers and manure, and will also be used to clean the coffee fields, with the goal of improving her harvest and earning more money so that she can have her own home in the future.

The group is called El Oro and it is made up of 10 people who have requested a total of 97,000 lempiras in loans to fertilize, spread manure, and clean their coffee fields. They all live in the same community. In the photo, they are identified as follows: to the left is Jose, next is Sara, then Juan, Alba is wearing the yellow shirt, Maria is wearing the purple shirt, Reyna, Norma is to her right. Nelson is in the front, Maria Victorina is wearing the pink shirt, and Blanca could not be in the photo.
View original language description ↓
Nolvia, tienen 30 años de edad, tiene cuatros hijos, esta casada y vive en el municipio de Nueva Frontera, Santa Bárbara. Ella siempre se ha dedicado a la agricultura, lleva 3 años de tener su propio cultivo de café, maíz y frijoles. Esta actividad es su fuente de ingresos para su familia. Ha decidido formar un grupo para solicitar el préstamo, el cual es por 11,000 lempiras y lo va invertir en la compra de fertilizantes, abonos y limpieza de la finca de café, con el objetivo de obtener mejores cosechas y ganancias para poder en un futuro tener su propia casa.
El grupo se llama El Oro y esta integrado por 10 personas, quienes han solicitado un préstamo total de 97,000 Lempiras, para fertilizar, abonar y limpiar la finca de café. Todos viven en la misma comunidad. En la foto se identifican así: a la izquierda esta José, seguido esta Sara, luego Juan, Alba blusa amarilla, María de blusa morada, Reyna, Nolvia a la derecha, en frente esta Nelson y doña María Victorina de blusa rosada y Blanca quien no pudo salir en al foto.

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

  • $4,800
    Average annual income
  • 70
    View loans »
    Honduras Loans Fundraising
  • $8,631,200
    Funds lent in using Kiva
  • 20.4
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of El Oro Group's $4,775 loan helped a member to buy fertilizers and manure, and to clean the coffee fields.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 26, 2013
Listed
Aug 20, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014