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.
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.
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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