El Cedral 2 Group
In the photograph we have, from left to right: José Yovany wearing a purple shirt, José Baudilio wearing a red shirt and hat, then Jorge, José Aníbal wearing a red shirt, María, followed by José Antonio, José Ernesto is crouched down on the left wearing a grey shirt, and Elvin wearing a black shirt on the left. The group loan is for 78,000 Lempiras and they will use the money to buy fertilizer and clean off their coffee fields.
En la foto se identifican de izquierda a derecha: José Yovany de camisa morada, José Baudilio de camisa roja con Gorra, luego Jorge, José Aníbal de camisa roja, doña María, sigue José Antonio, agachado a la izquierda camisa gris esta José Ernesto y Elvin de camisa negra a la derecha. El préstamo grupal es por 78,000 Lempiras y lo invertirán en fertilizantes y limpieza de la finca de café
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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