FAMA OPDF
Status Update — October 16, 2013
FAMA OPDF is no longer using funding from Kiva lenders. After more than three years, nearly $350,000 in repaid loans, and more than 900 borrowers impacted, Kiva and FAMA have ended their partnership. During this time, the organization always made payments to Kiva on time. We thank FAMA for their years of collaboration and hope to work with them again in the future.
Partner Description:
Familia y Medio Ambiente (FAMA) is a Honduran non-profit Private Financial Development Organization with no religious or political affiliation. It is overseen by a 9 member General Assembly and the Board of Directors, which is made up of 5 Directors.
The principal objective of FAMA is to foster development and empower micro-entrepreneurs that live in the urban and rural areas of Honduras.
In 2005 FAMA OPDF received legal representation to become an accredited Private Financial Development Organization under the supervision of the National Commission of Banks and Insurance. Under this new process the objectives of FAMA OPDF continue to be to foster micro and small businesses in Honduras, always contributing to their growth and development by delivering financial products and services in accordance with the permitted operations under the legislative decree No. 229-2000.
FAMA OPDF began operating under these regulations on December 1, 2005 and in February 2006 the “Savings Mobilization Program” was launched at all FAMA branches at the national level. The organization relies on qualified, responsible and committed personnel to achieve success. On December 31, 2008 FAMA had 118 employees working in the following areas: Administrative, Finance, Credit, Savings, and IT. The head office is located in Juticalpa, Olancho and FAMA operates 12 additional branches at the national level.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | May 29, 2010 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $349,875 | $2,043,632,365 | |
Amount of raised Inactive loans | $0 | $314,375 | |
Number of raised Inactive loans | 0 | 175 | |
Amount of Paying Back Loans | $0 | $159,113,005 | |
Number of Paying Back Loans | 0 | 191,440 | |
Amount of Ended Loans | $349,875 | $1,843,318,805 | |
Number of Ended Loans | 379 | 2,482,233 | |
Delinquency Rate | 0.00% | 12.31% | |
Amount in Arrears | $0 | $12,068,428 | |
Outstanding Portfolio | $0 | $98,006,179 | |
Number of Loans Delinquent | 0 | 65,730 | |
Default Rate | 0.38% | 1.83% | |
Amount of Ended Loans Defaulted | $1,314 | $33,658,280 | |
Number of Ended Loans Defaulted | 7 | 88,833 | |
Currency Exchange Loss Rate | 0.00% | 0.47% | |
Amount of Currency Exchange Loss | $0 | $12,608,670 | |
Refund Rate | 0.58% | 0.54% | |
Amount of Refunded Loans | $2,025 | $10,936,620 | |
Number of Refunded Loans | 2 | 9,669 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 68.47% | 78.46% | |
---|---|---|---|
Average Loan Size | $382 | $393 | |
Average Individual Loan Size | $769 | $586 | |
Average Group Loan Size | $1,109 | $1,910 | |
Average number of borrowers per group | 4.1 | 8.3 | |
Average GDP per capita (PPP) in local country | $4,800 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 7.95% | 7.02% | |
Average Time to Fund a Loan | 5.67 days | 9.11 days | |
Average Dollars Raised Per Day Per Loan | $67.33 | $43.11 | |
Average Loan Term | 8.2 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 57 | 1,218,131 | |
---|---|---|---|
Journaling Rate | 12.40% | 41.90% | |
Average Number of Comments Per Journal | 0.12 | 0.02 | |
Average Number of Recommendations Per Journal | 0.11 | 0.55 |
Borrowing Cost Comparison (based on 2009 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | N/A | 36.00% PY | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | N/A | 2.2% | -1.35% | |
Average Loan Size (% of per capita income) | N/A | 41.00% | 0.00% |
Country Fast Facts
- Country:
- Honduras
- Capital:
- Tegucigalpa
- Official Language:
- Spanish
- Population:
- 8,598,561
- Avg Annual Income:
- $4,800
- Labor Force:
- agriculture: 39.2%, industry: 20.9%, services: 39.8%
- Population Below Poverty Line:
- 60.00%
- Literacy Rate:
- 85.10%
- Infant Mortality Rate (per 1000):
- 18.72 deaths
- Life Expectancy:
- 70.91 years