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Nueva Esperanzita Group
In this Group: Miguel Angel, German Adan, Olger Ruben, Jose Reginaldo, Jose Dolores, Marina, Candido
Miguel, 28, is married and has two children. He lives with his family in a village that belongs to the Gracias, Lempira municipality. He has always made a living cultivating basic grains such as corn, beans, and coffee. His coffee crop is the strongest it's been in eight years, and he sells it in the local market.

The loan his is requesting is his second cycle and it is for 3,500 HNL. With the loan, he will buy manure to fertilize his coffee crop so he can have a better harvest and income.

The loan comes in the form of a group loan with Nueva Esperanzita. It is comprised of seven members who all work in agriculture and live in the same area. The loan is for 27,500 HNL to fertilize their coffee crops.

In the photo, from the right are Olger, José, German, Marina, José Dolores, Miguel, and Cándido.
View original language description ↓
Miguel, tiene 28 años de edad, es casado, tiene dos hijos y reside con su familia en una aldea que pertenece al municipio de Gracias, Lempira. Siempre se ha dedicado al cultivo de granos básicos como maíz, frijoles y café, siendo el cultivo de café el mas fuerte desde hace 8 años, el cual vende en el mercado local. el préstamo que ha solicitado es su segundo ciclo y es por 3,500 lempiras, con el cual va comprar abonos para fertilizar su parcela de café y poder sacar mejor cosecha e ingresos. El préstamo es en forma grupal que se llama Nueva Esperanzita, y esta formado por 7 integrantes que se dedican a la agricultura y residen en la misma zona. El monto total es por 27,500 lempiras para fertilizar sus fincas de café. En la foto se identifican así: a la derecha esta Olger, sigue José, German, Marina, José Dolores, Miguel Y Cándido a la izquierda.

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
  • 27
    View loans »
    Honduras Loans Fundraising
  • $8,199,100
    Funds lent in using Kiva
  • 19.1
    Honduras Lempiras (HNL) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Nueva Esperanzita Group's $1,450 loan helped a member to buy manure to fertilizer coffee crops.
89% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 15, 2014
Listed
Jun 14, 2014
Currency Exchange Loss:
Possible