Unidos Por Fe Group
This is a group loan, and the group is called Unidos por Fe (United by Faith). It is composed of two members: in the picture, Samuel is on the right in the plaid shirt and Domingo is on the left. Both are farmers who live in the same community. They are asking for a total of 27,000 lempiras to fertilize their crops.
El préstamo es en forma grupal y se llama Unidos por Fe, esta integrado por dos miembros don Samuel que en la foto esta de camisa cuadriculada a la derecha y don Domingo a la izquierda, que se dedican a la agricultura, viven en la misma comunidad y solicitan un préstamo total por 27,000 lempiras para fertilizar el cultivo de plátano, maíz y yuca.
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