Status Update - October 16, 2013

FAMA OPDF is no longer using funding from Kiva lenders. After more than three years, nearly $350,000 in repaid loans, and more than 900 borrowers impacted, Kiva and FAMA have ended their partnership. During this time, the organization always made payments to Kiva on time. We thank FAMA for their years of collaboration and hope to work with them again in the future.

Partner Description:

Familia y Medio Ambiente (FAMA) is a Honduran non-profit Private Financial Development Organization with no religious or political affiliation. It is overseen by a 9 member General Assembly and the Board of Directors, which is made up of 5 Directors.

The principal objective of FAMA is to foster development and empower micro-entrepreneurs that live in the urban and rural areas of Honduras.

In 2005 FAMA OPDF received legal representation to become an accredited Private Financial Development Organization under the supervision of the National Commission of Banks and Insurance. Under this new process the objectives of FAMA OPDF continue to be to foster micro and small businesses in Honduras, always contributing to their growth and development by delivering financial products and services in accordance with the permitted operations under the legislative decree No. 229-2000.

FAMA OPDF began operating under these regulations on December 1, 2005 and in February 2006 the “Savings Mobilization Program” was launched at all FAMA branches at the national level. The organization relies on qualified, responsible and committed personnel to achieve success. On December 31, 2008 FAMA had 118 employees working in the following areas: Administrative, Finance, Credit, Savings, and IT. The head office is located in Juticalpa, Olancho and FAMA operates 12 additional branches at the national level.

History

FAMA was started in the village of San Nicolás in the municipality of Juticalpa in the department of Olancho in 1990 with the implementation of two loan programs, education loans and sustainable agriculture loans. The first loans were for 50 Lempiras (Approx. $25USD in 1990).

FAMA OPDF was legally formed on June 23, 1993 through resolution No. 28-93, transforming into a legally constituted organization, and was published in the official newspaper, La Gaceta, on August 8, 1995.

Vision

To be a well-established financial organization, a leading provider of quality services and dedicated to the development of micro and small businesses.

Mission

“We provide quality and opportune financial services so that men and women have equal opportunities to develop their micro or small businesses, whether they focus on agriculture, manufacturing or services.”

As of September 30, 2011 FAMA offers financial services to 15,450 clients by delivering opportune small loans using the following methodologies:

Community Banks
Solidarity Groups
Individual Loans

As of September 30, 2011 FAMA had a loan portfolio of over 243 million Lempiras and savings portfolio of over 84 million Lempiras.

FAMA OPDF offers their clients the following loan products:

Working Capital Loan

These loans are used to finance production and purchase raw materials necessary to produce final products ready for sale.

Supplemental Seasonal Loan

These short term seasonal loans are available to the best clients and are used to supplement existing loans during the busiest seasons of the year.

Consumption Loan

These loans are used to pay for personal expenses such as medical, education, etc.

Automatic Loan

This credit option is available to clients who pre-qualify by maintaining a voluntary savings account with FAMA OPDF and gives clients access to credit in urgent situations.

Housing/Business Loan

These loans are used for housing improvements or remodeling their place of business.

Line of credit

The line of credit provides clients with access to flexible credit, allowing them to access credit when needed and choose how to deploy the funds.

Fixed Asset Loan

These loans are available to the best clients and are used to purchase machinery or productive assets to improve their micro businesses.

Farming Loan (credifinca)

These loans are designed for farmers and are used to increase the output of their farms.

Property Legalization Loan

These loans are designed to enable women to pay for the legal fees to become legal owners of their homes or property.

FAMA ODPF offers their clients the following savings products:

Unrestricted Access Savings
Fixed term Savings
Christmas Savings
Loan Guarantee Savings
Savings for futures purchases
Savings to benefit children


Familia y Medio Ambiente (FAMA) es una Organización Privada de Desarrollo Financiera (OPDF), hondureña, no lucrativa, sin fines políticos ni religiosos, constituida por una Asamblea General de nueve Asambleístas y una Junta Directiva integrada por cinco Directivos.

El objetivo principal de FAMA es promover el fortalecimiento y desarrollo de las microempresarias y los microempresarios que viven en las zonas urbanas y rurales del país de Honduras.

En el año 2005 FAMA OPDF recibe su personería Jurídica que la acredita como una Organización Privada de Desarrollo Financiera supervisada por la Comisión Nacional de Bancos y Seguros, bajo este nuevo proceso la finalidad de FAMA OPDF sigue siendo el de impulsar al sector de la micro y pequeña empresa de Honduras, contribuyendo siempre con su crecimiento y desarrollo a través de la entrega de productos y servicios financieros acorde con las operaciones permitidas por el decreto legislativo No. 229-2000.

Bajo estas regulaciones FAMA OPDF comienza operaciones como tal a partir del primero de diciembre del año 2005 y en febrero del año 2006 realizó el lanzamiento del “Programa De Movilización De Ahorros”, teniendo en línea actualmente todas las agencias a nivel nacional.

La organización cuenta con personal calificado responsable y comprometido en la realización de sus labores, al 31 de diciembre del 2008 contamos con 118 empleados distribuidos en las áreas: Administrativa - Financiera, Créditos, Ahorros y de Sistemas, ubicados en la oficina central en Juticalpa, Olancho y doce oficinas a nivel nacional.

Historia

FAMA nace en la Aldea de San Nicolás, Municipio de Juticalpa en el departamento de Olancho en el año de 1990 con la ejecución de dos programas el de crédito con educación y el crédito de agricultura sostenible, otorgando los primeros créditos por un valor de 50 Lempiras (Aprox. $25USD en 1990).

FAMA OPDF obtiene su personería jurídica el 23 de Junio del año 1993, mediante resolución nº 28-93, convirtiéndose desde entonces en una organización legalmente constituida, publicada en el periódico oficial La Gaceta el 8 de agosto de 1995.

Visión

Ser una organización financiera consolidada, líder por la calidad de sus servicios y por el compromiso con el desarrollo de la micro y pequeña empresa

Misión

“Brindamos servicios financieros de calidad y oportunos para que hombres y mujeres tengan iguales oportunidades de desarrollar su micro o pequeña empresa comercial, agrícola, industrial o de servicios”

FAMA brinda financiamiento a 12,523 clientes, mediante la entrega oportuna de pequeños préstamos a través de tres metodologías:

Bancos comunales
Grupos solidarios y
Crédito individual

La cartera activa que posee FAMA al 31 de Diciembre del 2009 es de Lps. 195,4 millones de lempiras y la cartera de ahorros es de Lps. 41,1 millones de lempiras.

FAMA OPDF brinda a sus clientes los siguientes productos crediticios:

Capital De Trabajo

Se conceden con el objeto de financiar la producción, la adquisición de materias primas necesarias para la transformación de productos terminados para la venta.

Estacionario

Se ofrece a los mejores clientes en aquellas épocas mas altas del año, el propósito es fortalecer su capacidad de trabajo en dichas temporadas.

Consumo

Se concede para ser utilizado en gastos personales como ser gastos médicos, inversión educativa y otros.

Automático

Mediante el crédito automático se apoya a las personas que mantengan ahorro voluntario en FAMA OPDF y que necesitan recursos económicos de manera urgente.

Vivienda

Es un préstamo para mejoramiento de vivienda o remodelación del local en donde desarrollan su negocio.

Línea de crédito

Es un límite de crédito a través del cual el cliente podrá retirar parcial o totalmente de acuerdo a su conveniencia y la vigencia de la misma.

Activo Fijo

Este crédito es concedido a los mejores clientes, que pretenden adquirir algún tipo de maquinaria o equipo productivo que les permita fortalecer sus microempresas.

Agropecuario credifinca

Es un crédito dirigido a productores (as) propietarios de finca, y surge con el objetivo de contribuir al fortalecimiento de la producción agropecuaria.

Legalización de Tierras

Es un crédito con enfoque de género, orientado a apoyar a las mujeres a que obtengan escritura publica de su casa o terreno.

FAMA OPDF brinda a sus clientes los siguientes productos de ahorros:

Depósitos De Ahorro Retirables Depósitos A Plazo Fijo
Depósitos Navideños
Depósitos De Ahorro Pignorado
Depósitos De Ahorro para compras futuras
Depósitos De Ahorro para niños y niñas


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 29, 2010 Oct 12, 2005
Total Loans $349,875 $617,567,275
Amount of raised Inactive loans $0 $398,400
Number of raised Inactive loans 0 630
Amount of Paying Back Loans $0 $122,962,775
Number of Paying Back Loans 0 132,884
Amount of Ended Loans $349,875 $494,206,100
Number of Ended Loans 379 624,169
Delinquency Rate 0.00% 4.22%
Amount in Arrears $0 $3,365,759
Outstanding Portfolio $0 $79,785,933
Number of loanDelinquent 0 15,707
Default Rate 0.38% 1.10%
Amount of Ended Loans Defaulted $1,314 $5,443,290
Amount of Ended Loans $349,875 $494,206,100
Number of Ended Loans Defaulted 7 16,936
Currency Exchange Loss Rate 0.00% 0.10%
Amount of Currency Exchange Loss $0 $614,667
Refund Rate 0.58% 0.74%
Amount of Refunded Loans $2,025 $4,567,000
Number of Refunded Loans 2 5,104

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 68.47% 74.24%
Average Loan Size $382 $419
Average Individual Loan Size $769 $655
Average Group Loan Size $1,109 $1,835
Average number of borrowers per group 4.1 8
Average GDP per capita (PPP) in local country $4,200 $3,414
Average Loan Size / GDP per capita (PPP) 9.09% 12.27%
Average Time to Fund a Loan 5.67 days 5.76 days
Average Dollars Raised Per Day Per Loan $67.33 $72.70
  Average Loan Term 8.2 months 10.46 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 57 308,140
  Journaling Rate 12.40% 42.27%
  Average Number of Comments Per Journal 0.12 0.07
  Average Number of Recommendations Per Journal 0.11 1.80

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 36.00% PY 33.15% PY
  Profitability (return on assets) N/A 2.2% -1.29%
  Average Loan Size (% of per capita income) 33.70% 41.00% 38.08%

Country Fast Facts

Field Partner Staff

FABIO MATUTE
MILTON PAZ
wesley schrock
KELIN VELASQUEZ