G/s Genesis Group
Julia started to sell natural remedies in an itinerant way spending most of the time walking the streets of a large part of the city while her children were in school. After some time, she changed her line of work and now she sells women’s and children’s underwear, blouses, skirts, sandals, long and short pants during the day. At night she works in a small restaurant called Las Dos Torres where she prepares a variety of snacks.
Julia is asking for a Lps. 7000 loan to buy a larger amount of clothes, especially those in season so that she can attract more customer attention and increase sales.
Her dream is to own her own home and stop paying rent and to have a small store that will allow her to continue to earn income because she also has a grandson under her care and needs money to support her household.
Her fellow group members are Lilian and Luisa. Lilian sells clothes and shoes and also works at the Las Dos Torres restaurant but during days. Luisa sells clothes and cosmetics. She has an eye problem, though: cataracts.
This is the second loan the group has requested from FAMA and they have demonstrated that they are very responsible people with regard to their repayments.
About FAMA:Honduras is one of the poorest countries in the Western Hemisphere with approximately 59% of people living below the poverty line. Familia y Medio Ambiente OPDF (FAMA OPDF) is a Honduran non-profit with no religious or political affiliation. FAMA’s mission is to 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. FAMA operates 13 branches throughout Honduras and serves over 12,500 clients.
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.
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Success!! The loan was 100% repaid