Nuevo Renacer 2 Group
Natividad belongs to the Nuevo Renacer 2 communal bank. The communal bank is comprised of four members who all live in the same community, and they all grow potatoes. With the current loan, there have been four loan cycles. In the photo María is to the left followed by Ángel, Natividad, and Eusebio on the right.
The group loan for 35,000 lempiras that they have requested is to grow potatoes. They will buy all of the needed supplies for said crop.
The loans have been a great help in giving them assistance with the crops and in managing to have a good quality production. His goal is to continue improving the production in order to generate better income for his family.
El préstamo grupal suma 35,000 Lempiras, y lo han solicitado para siembra de papa, compraran todo el insumo necesario para dicho cultivo. Dice que los préstamos le han sido de mucha ayuda para darles buena asistencia a los cultivos logrando así buena producción de calidad. Su meta es seguir mejorando la producción para generar mejores ingresos para su familia.
About Organización de Desarrollo Empresarial Femenino Financiera, S.A.This loan is administered by Organización de Desarrollo Empresarial Femenino Financiera, S.A. (ODEF), a Kiva Field Partner in Honduras. A leader in the microfinance sector since 1985, ODEF strives to combat poverty by offering a wide array of financial services to low-income men and women. The organization works with its parent NGO, ODEF OPD, to provide training and technical assistance to impoverished microentrepreneurs. By incorporating the entire family unit in this process, ODEF OPD aims to improve the standard of living through the creation of profitable enterprises. Visit ODEF’s partner page for more information.
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