Santos has a small grocery store. He started his business five years ago because of the lack of opportunity for employment. Santos works with his wife, both of whom want to be able to provide a better life for their son in which he has all of the basics and necessities for a decent life.
He is requesting this loan to be able to purchase a larger quantity of basic food items and have his store better stocked. Santos wants to increase his sales to establish a separate store so that he can continue investing in his son’s education until he receives his university degree because he is convinced that if his son studies, he will have better life opportunities.
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.
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Success!! The loan was 100% repaid