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Approved to post Kiva loans from: Honduras
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.
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.