100%

funded

Total loan: $1,850

La Seriedad Group

Flag of Honduras
Juticalpa, Olancho, Olancho Department, Honduras / Food

La Seriedad Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to purchase seasonings.


La Seriedad Group's story

Luz Benita is a member of the La Seriedad communal bank. She is a 43-year-old shopkeeper and single mother of four children. She lives with her children in the community of San Nicolas. Many years ago her father lent her 500 lempiras and with that she bought some second hand clothing to later resell it to her neighbors. She made a profit from her sales and then bought more merchandise. After a while she became aware of FAMA and requested a loan which she was granted and with that she was able to change her business. Now Luz earns her living selling seasonings, which she learned from one of her sisters who was in the business and did very well. Three of her four children help her prepare the seasonings and later she goes out to the nearby villages to sell them. She travels by hitchhiking. She goes out to the street and waits until someone she knows passes by and picks her up. She makes her sales every 15 days but she also makes sales from her house permanently. Her biggest obstacles are the weather and, when she is unable to find a ride, having to walk long distances. With the support of this loan she will buy seasonings such as annatto, spices, cinnamon, cloves, rosemary, linseed, as well as little bags and staples for packaging. She will be able to supply her business with the support of this loan and she hopes her sales increase. Her goal is to continue supporting her children so that they will graduate. Two of them already have graduated thanks to her effort. Luz has been a client of FAMA for 15 loan cycles and she is punctual with her repayments.