Erika, is 23 years old, and lives in a common-law marriage with her husband with whom she has 5 children and lives in a village in the municipality of Morazán, Yoro. She has worked in household tasks and three years ago decided that in order to have her own source of income, she would grow corn which she sells in the local market. She has asked for a group loan of 12,5000 Lempiras, which will go to purchase fertilizer and to pay labor costs to clean and to modernize her corn crop. Her plan is to increase the cultivation area to increase production. The group is called Productoras del Palmar #1 and is made up of three members who work in agriculture and live in the same community. The group loan is for 34,000 Lempiras, which will be used to provide assistance for their crops. In the picture, Erika is on the left, Porfirio in the middle, and Matilde on the right.
Erika, tiene 23 años de edad, vive en unión libre con su esposo con quien tiene 5 hijos y reside en una aldea del municipio de Morazán, Yoro. Ella se ha dedicado a las labores del hogar y hace tres años decidió por tener su propia fuente de ingresos, cultiva maíz el cual vende en el mercado local. Ha solicitado un préstamo en forma grupal de 12,500 Lempiras, con el cual va comprar fertilizantes, y pago de mano de obra para limpieza y poder tecnificar su cultivo de maíz. Su plan es aumentar el área de cultivos para aumentar la producción. El grupo se llama productoras del Palmar #1, esta formado por tres miembros que se dedican a la agricultura y residen en la misma comunidad. El préstamo grupal es por 34,000 Lempiras, que lo utilizaran para darle asistencia a sus cultivos. En la foto Erika esta a la izquierda, Porfirio en medio y Matilde 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.