She has asked for a loan in group form, of which she is personally requesting 5,000 Lempiras in order to buy fertilizer and manure, and to prune the coffee farm. Her goal is to provide better support for the farm and to grow as a coffee grower. Her plan is to help her family.
The group is called Celaque and is made up of four members who live in the same community and make a living as coffee growers. The group loan that has been requested is for 20,000 Lempiras and is going to be used to purchase fertilizers and supplies to maintain and prune the coffee farm.
In the photo the members can be identified as such: on the left is Carmen, then María Nicolasa, María Brígida, and Glendy on the right.
El grupo se llama Celaque, y se forma de cuatro integrantes, que viven en la misma comunidad y se dedican a la caficultura. El préstamo grupal que solicitan es por 20,000 Lempiras y lo van a invertir en la compra de fertilizantes, insumos para el mantenimiento de la finca de café y limpieza de la misma. En la foto se identifican así: a la izquierda esta Carmen, sigue María Nicolasa, María Brígida y Glendy a la derecha.
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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Success!! The loan was 100% repaid