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Las Amigas Group
In this Group: Elisa Victoria, Jose Medardo

Update on Las Amigas Group

José Medardo is married and has four children. His children are students and depend on him. His wife sells shoes and new clothes.

José used to work as an elementary school teacher but due to health problems had to leave his job. Because he didn’t want to be a burden to his family, he decided to open a gum stand in the local park. He’s asking for a loan to buy what he needs: all types of candy, gum, chocolates, cookies, snacks, etc.

With support from this loan he will be able to stock his stand and continue to contribute towards his children’s food, schooling and health. José’s income isn’t high so his greatest wish is to increase profits so that his home’s economy will improve. José has been a FAMA client for several cycles and has made his installment payments punctually.
View original language description ↓
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.

Previous Loan Details

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 ... More from Las Amigas Group's previous loan »

Additional Information

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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.

About Honduras

  • $4,800
    Average annual income
  • 43
    View loans »
    Honduras Loans Fundraising
  • $9,863,975
    Funds lent in using Kiva
  • 19.1
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Amigas Group's $850 loan helped a member to buy sweets, gum, chocolates, cookies, candies, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 15, 2012
Jul 3, 2012
Currency Exchange Loss:
Nov 17, 2012
This photo was used before for a previous loan for Las Amigas Group. It was first posted on Kiva on Mar, 2012. Learn More