José Medardo is married with 4 children. His children all go to school and depend on him. His wife sells shoes and new clothing. Previously, José worked as a primary school teacher but because of health issues he had to leave his job. As he didn’t want to be a burden on his family, he decided to open a candy stand in the community park. José is requesting a loan to invest in the buying of all kinds of sweets, gum, chocolates, cookies, candies, etc. With this loan, he can stock his candy stand and continue to contribute financially to the feeding, education and health of his children. José’s income is not very much so his biggest dream is to increase his income in order to improve the household earnings. José has been a client of FAMA for many cycles and has always paid his loans on time.
Don José Medardo es casado con 4 hijos, algunos de sus hijos son estudiantes y dependen de el, su esposa se dedica a la venta de zapatos y ropa nueva. Anteriormente don José trabajaba como maestro de educación primaria y por problemas de salud tuvo que dejar su trabajo, siendo que el no quería ser una carga para su familia decidió poner una chiclera en el parque de la comunidad. El préstamo que don José solicita lo necesita para invertirlo en la compra de todo tipo de dulces, chicles, chocolates, galletas, confites, etc. Con el apoyo de este préstamo podrá surtir su chiclera y seguir aportando para la alimentación, educación y salud de sus hijos. Los ingresos de don José no son muchos, así que su mayor deseo es el de aumentar sus ganancias y de esta forma mejorar la economía de su hogar. Don José es cliente de FAMA desde hace varios ciclos y ha cancelado sus cuotas de forma puntual.
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.