The communal bank’s name is Primavera. It is comprised of four people who grow basic grains and live in the same area. The total amount of the group loan is for 26,000 lempiras. They will use the loan to provide maintenance to their coffee farms.
In the photo Maltida is on the left followed by Rosa, then Delmi, and Alba is on the right.
El grupo se llama Primavera, integrado de cuatro personas, que se dedican al cultivo de granos básicos y viven en la misma zona. El préstamo total del grupo es por 26,000 lempiras que lo invertirán en darle mantenimiento a sus fincas de café. En la foto se identifican así: doña Matilde a la izquierda, Rosa, Delmi y Alba 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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This loan has been fully funded!