La Fortuna Group
He is asking for a loan of of 12,000 HNL via a group loan. He will use the loan to buy fertilizers for his coffee farm and secure better general maintenance so he can obtain a better harvest. His aim is to modernize production so his children will be able to get an education and improve their economic situation.
The group is called La Fortuna and consists of 13 people who are all involved in cultivating coffee and other grains, and who come from the same area. The group loan is for 128,000 HNL, which they will use to buy fertilizer to help with their farms. In the photo, Santos is on the left, and then there is Jacobo, Gregorio, Tomas, Gladys, Miltton, María Lucrecia, María Santos, Maria Isabel, Jose Edgardo, José Armando, José Martin and then Martir on the right.
El grupo se llama La Fortuna, integrado por 13 personas que se dedican al cultivo de café y otros granos en la misma zona. El préstamo grupal suma 128,000 Lempiras con el cual compraran abonos para brindar asistencia a la finca. En al foto esta Santos a la izquierda, sigue Jacobo, Gregorio, Tomas, Gladys, Miltton, María Lucrecia, María Santos, Maria Isabel, Jose Edgardo, José Armando, José Martín y Mártir 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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Success!! The loan was 100% repaid