Medio Ambiente Group
One of doña Digna's goals is to teach her children to make an honest living, as that is the best legacy she can leave them. She hopes to be a successful micro-entrepreneur and to be able to have her own shop for selling her products. Doña Digna's financial life has changed greatly, as she has been receiving support with FAMA loans for 15 years. She has punctually complied with her re-payment schedules.
Una de las metas de doña Digna es enseñarles a sus hijos a trabajar de forma honesta, ya que es la mejor herencia que puede dejarles, sueña con ser una microempresaria de éxito y poder tener un local propio para la venta de su producto. La vida económica de doña Digna ha cambiado grandemente ya que tiene 15 años que recibe el apoyo de los préstamos de FAMA, y ha cumplido puntualmente con el pago de sus cuotas.
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