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El Naranjo Group
In this Group: Marcelo, Jose Donaldo, Lucia, Marvin Geovany*, Andres, Jose Leonilo, Santos Bernardo
* not pictured
Marcelo is 29 years old and married. He has two children and lives in a village that is part of the town of El Progreso, in Yoro. For some twenty years Marcelo has been making a living growing herbs and vegetables, such as cilantro, parsley, beans, corn, and other items. What he produces, Marcelo sells in the area and this work is a source of income for him. He is currently applying for a group loan. The group, made up of seven members from the same community and all working in agriculture, is called "El Naranjo". The total loan amount is 50,000 Lempira. The group have applied for the loan in order to buy posts and other materials that they need in order to bring electricity to the village. The aim of this is to drive development in the community and to improve living conditions. In the photo, Marcelo is on the left. Moving along to the right are Santos, José Donaldo, Lucia, José Leonilo, and Andrés. Marvin was not there when the photo was taken.
View original language description ↓
Marcelo, tiene, 29 años de edad, esta casado, tiene dos hijos y vive en una aldea que pertenece al municipio de El Progreso, Yoro. Tiene aproximadamente 20 años de dedicarse a la agricultura de hortalizas como ser: culantro, perejil, frijoles, maíz, apio, entre otros. La producción es vendida en la misma zona, siendo esta actividad su fuente de ingresos. Actualmente esta solicitando un préstamo de forma grupal, el grupo se llama El Naranjo que esta formado por 7 miembros, todos viven en la misma comunidad y se dedican a la agricultura. El monto total de préstamo del grupo es por 50,000 Lempiras. Este préstamo lo han solicitado para comprar postes y materiales que necesitan para el proyecto de electrificación en su aldea con el fin de poder impulsar el desarrollo en la comunidad y mejorar sus condiciones de vida. En la foto se identifican así: a la izquierda Marcelo de camisa cuadriculada, sigue santos, luego José Donaldo, Lucia, José Leonilo, Andrés a la derecha de camiseta verde, y Marvin no salió en la 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

  • $4,200
    Average annual income
  • 20
    View loans »
    Honduras Loans Fundraising
  • $8,346,875
    Funds lent in using Kiva
  • 20.4
    Honduras Lempiras (HNL) = $1 USD
Paying Back

This loan has been fully funded!

A portion of El Naranjo Group's $2,450 loan helped a member to buy posts and other materials to bring electricity to the area.
73% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2013
Listed
Sep 18, 2013
Currency Exchange Loss:
Possible