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.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva May 29, 2010 Oct 12, 2005
Total Loans $349,875 $1,959,307,040
Amount of raised Inactive loans $0 $222,235
Number of raised Inactive loans 0 190
Amount of Paying Back Loans $0 $161,570,650
Number of Paying Back Loans 0 189,208
Amount of Ended Loans $349,875 $1,768,476,020
Number of Ended Loans 379 2,370,357
Delinquency Rate 0.00% 12.09%
Amount in Arrears $0 $12,154,807
Outstanding Portfolio $0 $100,506,286
Number of Loans Delinquent 0 72,423
Default Rate 0.38% 1.83%
Amount of Ended Loans Defaulted $1,314 $32,355,409
Number of Ended Loans Defaulted 7 84,925
Currency Exchange Loss Rate 0.00% 0.50%
Amount of Currency Exchange Loss $0 $12,005,888
Refund Rate 0.58% 0.54%
Amount of Refunded Loans $2,025 $10,526,300
Number of Refunded Loans 2 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 68.47% 78.24%
Average Loan Size $382 $392
Average Individual Loan Size $769 $589
Average Group Loan Size $1,109 $1,892
Average number of borrowers per group 4.1 8.3
Average GDP per capita (PPP) in local country $4,800 $5,600
Average Loan Size / GDP per capita (PPP) 7.95% 7.00%
Average Time to Fund a Loan 5.67 days 8.93 days
Average Dollars Raised Per Day Per Loan $67.33 $43.86
  Average Loan Term 8.2 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 57 1,178,731
  Journaling Rate 12.40% 42.24%
  Average Number of Comments Per Journal 0.12 0.02
  Average Number of Recommendations Per Journal 0.11 0.57

Borrowing Cost Comparison (based on 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 36.00% PY 27.02% PY
  Profitability (return on assets) N/A 2.2% -3.10%
  Average Loan Size (% of per capita income) N/A 41.00% 0.00%

Country Fast Facts

Lending Partner Staff