Ricarda is a member of the “Fourteenth of February” Solidarity Group. She is 44 years old and a single mother with two children who help her economically. They are good girls, responsible and hardworking. The business that they learned from their mother, twenty years ago, is the sales of new clothes and underclothes. They work from 7:00am until 6:00 pm. Ricarda, thanks to God, is healthy, cheerful, friendly and well known among her neighbors. She is asking for this loan to buy new clothes in order to have a greater inventory of new clothing styles and summer clothes for the coming summer season. With the help of this loan she can attract more customers and continue with this economic activity that allows her to cover her expenses. Her dream is to have a permanent location and a larger variety of goods for her business. This is the second loan that Ricarda has received from FAMA. Up to now she has been punctual with her loan payments.
Ricarda es miembro del Grupo Solidario 14 de Febrero, tiene 44 años de edad, es madre soltera de dos hijas, las cuales le ayudan económicamente, son buenas hijas, responsables y trabajadoras. El negocio lo aprendió de su madre desde hace 20 años y actualmente se dedica a la venta de ropa nueva y ropa interior. Su horario de atención inicia por las mañanas de 7:00 a.m y culmina como a las 6:00 p.m. Ricarda gracias a Dios es una persona sana, muy jovial, amable y muy conocida por sus vecinos. Ella solicita este préstamo para comprar ropa nueva y así surtir su negocio de estilos actuales y acordes a la temporada de verano. Con el apoyo de este préstamo podrá llamar la atención de más clientes y seguirá teniendo una actividad económica que le permita cubrir sus gastos. Su sueño es tener un local propio y surtir bien su negocio. Este es el segundo financiamiento que obtiene Ricarda en FAMA y hasta el momento ha cumplido puntualmente con el pago de sus cuotas.
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.