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Congolon Group
In this Group: Maria Fernanda, Maria Rosario, Jose Maria , Maria Juana, Juan, Marilu, Maria Rosario, Melquiades, Aquilino
María Fernanda is 33 years old and lives with her husband, with whom she has six children. María lives in a village in Gracias, in Lempira. She has spent all of her life working in farming, growing basic grains and beans. Twelve years ago she decided to plant coffee, which she sells in the local area. María is applying for a loan of 5000 Lempira as part of a group loan. She will invest it in buying fertilisers and to clean her coffee farm. María's plan is to improve her coffee harvest in order to use the profits to improve her home so that her family can have a better life.

María is part of the "Congolon" group. It has nine members who all live in the same community. They all work in farming and each has applied for 5000 Lempira, giving a total of 45,000 Lempira. All of the members of the group will use their loans to buy fertilisers and to clean their coffee farms In the photo, from left to right, we can see Aquilino, Melquiades, María Rosario, Marilú, Juan, María Juana, José, María Fernanda and, on the far right, María.
View original language description ↓
Doña María Fernanda, tiene 33 años de edad, vive en unión libre con su esposo con quien tiene 6 hijos, reside en una aldea de Gracias, Lempira. Toda su vida la ha dedicado a la agricultura de granos básicos maíz y frijol, hace 12 años decidió cultivar café el cual vende en la zoca local. El préstamo que solicita es por 5,000 Lempiras en forma grupal, y lo invertirá en la compra de fertilizantes y en limpieza de la finca de café. Su plan es mejorar la cosecha de café para utilizar las ganancias en mejorar su vivienda para que su familia viva mejor.
El grupo a que pertenece se llama Congolon que esta formado por 9 integrantes, que viven en la misma comunidad, se dedican a la agricultura y han solicitado 5,000 Lempiras cada uno haciendo un total de 45,000 Lempiras para fertilizar y limpiar su finca de café. En la foto se identifican así: a la izquierda esta Aquilino, Melquiades, María Rosario, Marilú, Juan, María Juana, José, María Fernanda y María a la derecha.

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.

Tags

About Honduras

  • $4,200
    Average annual income
  • 26
    View loans »
    Honduras Loans Fundraising
  • $8,148,850
    Funds lent in using Kiva
  • 19.9
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of Congolon Group's $2,275 loan helped a member to buy invest in buying fertilisers and to clean her coffee farm.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 29, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015