Juntos Al Desarrollo Group
Update on Juntos Al Desarrollo GroupMaría is 46 years old and is a single mother. She lives with her two children in a village in the Lepaera municipality in Lempira. María has spent all her life working in agriculture and, for ten years, she has been growing coffee. She sends her product to intermediaries and coffee processing plants in the area. María has applied for her fifth loan, of 20,000 Lempira. With this loan she will buy fertilisers to help her coffee crops. Her aim in this is to increase her harvest and her income, and to improve her quality of life.
This is a group loan for 53,000 Lempira. It will be used to buy fertilisers and a to sow more coffee. The group is called "Juntos al Desarroll" and is made up of three people who live in the same community. The three members all grow coffee. In the photo, from left to right, are José, Iván, and María.
El préstamo es en forma grupal y es por 53,000 Lempiras, con el cual van a comprar fertilizantes y sembrar mas café. El grupo se llama Juntos al Desarrollo y lo forman tres personas que viven en la misma comunidad y se dedican al cultivo de café, en la foto se encuentra a la izquierda don José, Iván y María a la derecha.
Previous Loan DetailsIván is 35 years old, single, and resides in a rural community in the town of Lepaera, Department of Lempira. He has always been involved in farm work, specifically producing and selling basic grains and coffee. At the moment, Iván is participating in a group loan request because he plans to… More from Juntos Al Desarrollo Group's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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