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El Cedral 2 Group
In this Group: Jorge Alexander, Maria De Jesus, Jose Yovany, Jose Ernesto, Elvin, Jose Antonio, Jose Anibal, Jose Baudilio
José Baudilio is 31 years old and lives with his wife and three children in a common law marriage. They live in the town of Nueva Frontera, Santa Bárbara. He used to raise livestock, but 10 years ago he began raising coffee, corn, and beans. This is a group loan request and his part is 7,000 Lempiras that he will use to buy fertilizer, compost, and clean off the fields for his coffee crops and other basic grains His goal is to repay the loan by the end of the season and remodel his house with his earnings. The group is called “El Cedral 2,” and is made up of eight persons who live in the same community and who are farmers.

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.
View original language description ↓
José Baudilio, tiene 31 años de edad, vive en unión libre con su esposa con quien tiene tres hijos y reside en el municipio de Nueva Frontera, Santa Bárbara. Anteriormente se dedicaba a la ganadería y hace 10 años se ha dedicado a la producción de café, maíz y frijol. El préstamo que solicitan es en forma grupal, por su parte solicita 7,000 Lempiras y lo utilizara para la compra de fertilizantes, abonos y limpieza del terreno para sus cultivos de café y otros de granos básicos. Tiene como meta que al final de la temporada cancelar el préstamo y con las ganancias remodelara su vivienda. El grupo de llama El Cedral 2,y esta formado por 8 personas quienes viven en la misma comunidad y se dedican a la agricultura.
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

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
  • 85
    View loans »
    Honduras Loans Fundraising
  • $8,841,950
    Funds lent in using Kiva
  • 20.4
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of El Cedral 2 Group's $3,825 loan helped a member to buy farming supplies.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 30, 2013
Listed
Sep 18, 2013
Currency Exchange Loss:
Possible
Ended:
May 18, 2014