Stories tagged with Honduras

Sep 9, 2010 HN Honduras

Some lenders may be unaware that Kiva loans have the potential to benefit a wider clientele than the selected entrepreneurs. As a member of the Kiva community, you know that lenders don’t receive any interest that the client pays back on the loan. So, you may ask, what becomes of it? In some cases, the Microfinance Institution (MFI) that administered the loan may use it to increase their operational self-sufficiency. But, in other cases, the interest that the client pays to the MFI empowers that organization to invest in social programs that it may not otherwise be able to afford. A...

Continue Reading >>
Aug 8, 2010 HN Honduras

As someone from a social science background, my bias has always been to consider economic inclusion—microfinance in particular—as one aspect of a broader goal, that of social inclusion by virtue of an increased standard of living. By social inclusion, I mean access to education, healthcare and systems that will afford basics such as food/water/shelter. In fact, my interest in microfinance stems from the fact that it can be a powerful tool to usher people into a realm of social inclusion who would otherwise be marginalized as a result of their economic exclusion. After one month in...

Continue Reading >>
Aug 8, 2010 HN Honduras

I can’t quite recall what I was expecting upon my exhausted entrance into the FAMA OPD’F offices in Juticalpa, Honduras for the first time. It was, after all, almost 7pm on a Saturday and I had been traveling for about 14 hours. But, contrary to whatever I may have been prepared for, the office was bustling. Sure, it was the end of the month (must close the books!) but, nonetheless, I was immediately drawn to this organization for its professionalism and warmth. An accredited savings and credit institution, FAMA has been in business for about 15 years and has 13 offices all...

Continue Reading >>
Jul 7, 2010 HN Honduras

Matt Raimondi, KF11

Life as a Kiva Fellow has been a huge change of pace from the rest of my life, a chance to slow down and reflect on all the changes in my life while experiencing to a tremendous learning opportunity.  It has been an eye opening experience and I have been amazed at how many things I take for granted in my life.  Through my reflections I’ve come to realize that it’s the little things that count.  And so for my final post as a Kiva Fellow I present you with the top 11 things (yes, 11) that I am thankful for from my Kiva Fellowship in Honduras (in no particular order...

Continue Reading >>
Jul 7, 2010 HN Honduras

Matt Raimondi, KF11

The long-term viability of the microfinance industry depends on microfinance institutions’ ability to develop a sustainable business model.  Microfinance Institutions, after all, are business ventures; they must be financially viable in the long run or they will eventually be forced to fold and shut their doors.

Like many businesses, MFI’s depend heavily on repeat customers.  i.e. people who take out loan after loan, often increasing the loan size with each loan cycle.  Prior to my Kiva Fellowship I was naive to this practice.  While I...

Continue Reading >>
Jul 7, 2010 HN Honduras

By Matt Raimondi, KF11

It’s not often that clients of an MFI get recognized for their successes and for being loyal clients.  However, recently FAMA, a new Kiva partner in Honduras, began holding premiaciones (award ceremonies) for their clients.  The first premiacion was held a few weeks ago at FAMA’s headquarters in Juticalpa, Olancho, Honduras.  In typical Honduran fashion, I was not told about the event until the day of when everyone was running around frantically setting up for the event.  Thankfully as a rule of thumb, Kiva Fellows always have a camera on...

Continue Reading >>
Jun 6, 2010 HN Honduras

Matt Raimondi, KF11

Familia y Medio Ambiente (FAMA OPDF) is Kiva’s newest Field Partner in Honduras.  FAMA was started in the village of San Nicolás in the municipality of Juticalpa in the department of Olancho in 1990 with the implementation of two loan programs, education loans and sustainable agriculture loans. The first loans were for 50 Lempiras (Approx. $25USD in 1990).

FAMA has grown significantly from its humble beginnings and is now headquartered in Juticalpa, Olancho and operates 12 additional branches throughout Honduras,...

Continue Reading >>
Jun 6, 2010 SV El Salvador

By Matt Raimondi, KF11, Honduras

Natural disasters take on a whole other meaning when living in a developing country.  As we have witnessed with the recent catastrophes in Haiti and Chile, the poorest people are often the most effected and what little they have is often lost.  When 80% of your population lives below the poverty line, as is the case in Haiti, the aftermath can be crippling.  While the initial press coverage is intense and people’s willingness to provide aid is plentiful, too often these countries and their people are forgotten as the excitement and...

Continue Reading >>
May 5, 2010 HN Honduras

By Matt Raimondi, KF11, Honduras

I recently arrived in Juticalpa, Honduras to begin my Kiva Fellowship at FAMA OPD’F, a brand new Kiva partner.  (FAMA has yet to post any loans but will be posting their first loans in the upcoming weeks.  Be on the lookout for a blog post announcing their first loans!)

FAMA HQ, Juticalpa, Honduras

A longtime Kiva supporter, I began lending over three years ago and became a Volunteer Spanish Translator for Kiva a year and a half ago. I...

Continue Reading >>
Apr 4, 2010 HN Honduras

(meant to be sung, complete with hand movements:)

The Itsy-Bitsy Spider climbed up the water spout
Down came the rain and washed the spider out
Out came the sun and dried up all the rain
And the Itsy-Bitsy Spider climbed up the spout again …

This song always comes to mind when I meet clients who seem to be trapped in the vicious cycle of poverty, loan dependence, and over-indebtedness. Meeting these clients makes me sad and disappointed. Sad that they are usually reluctant to talk to me although I try to tell them that I am not there to charge them money,...

Continue Reading >>

Pages