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Unidos Por Fe Group
In this Group: Samuel Lorenzo, Domingo
Samuel, 58 years old, is married and has three children. He lives in a neighborhood in the city of Choloma, Cortes. Samuel has 15 years of experience at growing corn, yucca, and plantain on some land that he rents. He sells his produce at a local market. His portion of the loan will be used to buy supplies and fertilizers for his crops which will help him get a better harvest. He will also use part of the loan to stock a variety store that he has in his home that helps him bring in additional income. His goal for the future is to plant oil palm and use his earnings to improve his life.

This is a group loan, and the group is called Unidos por Fe (United by Faith). It is composed of two members: in the picture, Samuel is on the right in the plaid shirt and Domingo is on the left. Both are farmers who live in the same community. They are asking for a total of 27,000 lempiras to fertilize their crops.
View original language description ↓
Samuel, tiene 58 años de edad, es casado, tiene 3 hijos, reside en una aldea del municipio de Choloma, Cortes. Don Samuel, lleva 15 años de dedicarse al cultivo de maíz, yuca y plátano, este cultivo lo realiza en un terreno que alquilan. La producción la vende en el mercado local. El préstamo que solicita es por 12,000 lempiras con el cual va comprar insumos y fertilizantes para el cultivo y darle buen mantenimiento para sacar mejor cosecha y para surtir el negocio de variedades que tiene en su casa donde recibe otros ingresos. Su meta a fututo es cultivar palma africana y con las ganancias mejorar su vivienda.
El préstamo es en forma grupal y se llama Unidos por Fe, esta integrado por dos miembros don Samuel que en la foto esta de camisa cuadriculada a la derecha y don Domingo a la izquierda, que se dedican a la agricultura, viven en la misma comunidad y solicitan un préstamo total por 27,000 lempiras para fertilizar el cultivo de plátano, maíz y yuca.

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.

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About Honduras

  • $4,200
    Average annual income
  • 7
    View loans »
    Honduras Loans Fundraising
  • $8,456,375
    Funds lent in using Kiva
  • 19.7
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of Unidos Por Fe Group's $1,375 loan helped a member buy fertilizer for crops and stock a home-based variety store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 5, 2014
Listed
Feb 25, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 26, 2015