El Sinai Group
In the photo the members are identified as follows: On the left is Lucia, followed by Jose Mario, María Ofelia, Maria Luciana, Teodora, María de la Paz and Nicolasa who could not be in the picture.
The total loan amount of 35,000 Lempiras will be invested in the maintenance of their crops in order to improve production and income.
The whole group benefited from a project implemented by ODEF where they received training and productive assets, and that helped them gain access to loans. They are currently requesting the third cycle of loans to keep improving production and improve the quality of life of their families.
En la foto se identifican así: A la izquierda esta Lucia, seguido Jose Mario, María Ofelia, Ma Luciana, Teodora, María de la Paz y Nicolasa quien no pudo salir en la foto.
El total del préstamo suma 35,000 lempiras y lo invertirán en el mantenimiento de sus cultivos para mejorar la producción e ingresos.
Todo el grupo se beneficio de un proyecto ejecutado por ODEF donde recibieron capacitaciones y activos productivos, eso les ayudo a poder tener acceso a prestamos. Actualmente solicitan el tercer ciclo para seguir mejorando la producción y mejorar la calidad de vida familiar.
More information about this loan
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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