Loan Illustration

Marco Antonio Flores Rodriguez est majeur, marié, père d'un fils. Il a un commerce de vente de plantes telles que roses, orangers, citrons, lauriers, hortensi…

Trade Sales

Honduras Honduras

Loan amount €760

Funded 100%

by 8 members

Project closed to funding, awaiting disbursement to MFI

Disbursement date: 06/01/2021
Final repayment of the loan: 06/01/2022

MicroWorld's investors have funded: €760

Marco - Purchase seed

Borrower

First name: Marco
Gender: Male
Age: 31
Marital status: Married
Number of children: 1
Region: Tegucigalpa

Loan Request

Purpose: Purchase seed
Amount: €760
Duration: 12 months
Loan type: in fine
The loan is reimbursed in one installment at the maturity date of the project (principal and possible interests).
Note: additional time may be necessary for the funds to be credited on the lenders' accounts due to delays in international transfers.

Borrower's quote

Marco Antonio Flores Rodriguez est majeur, marié, père d'un fils. Il a un commerce de vente de plantes telles que roses, orangers, citrons, lauriers, hortensias, fleurs de mai, avocats, depuis 2 ans. Avec beaucoup de dévouement et d'efforts, il a réussi à s'établir comme vendeur. Il vend depuis son domicile du lundi au samedi, de 7h00 à 17h00. Marco souhaiterait obtenir un micro-crédit pour l'achat de lots de plants d'orangers, d'avocatiers, de citronniers, de manguiers et de cactus, afin de rendre son activité plus attractive et ainsi obtenir plus de clients et de bénéfices. Ceux-ci sont nécessaires pour couvrir les besoins de son ménage.

Economic and social context

Honduras

Honduras

MFI Status

This loan is managed locally by our field partner Ahsetfin which is in charge of administrating the loan and repaying MicroWorld lenders.

You should be aware that lending involves a risk of non-repayment. However, the risk associated with this MFI is considered lower than average.

Rates and transparency

  • This loan does not pay any interest to the lender.
  • Following your loan commitment, you have 7 calendar days to assert your right of withdrawal, by mail at contact@microworld.org.
  • The MFI will reimburse the lender in case of default of the entrepreneur but there is no guarantee or insurance given by the MFI.
  • 100% of the money collected is sent to the MFI, even if the project is not fully funded on the site.
  • The MFI then makes a loan to the micro-entrepreneur and charges an interest rate in order to cover its operational and financial costs.
  • The platform earns a commission from the MFI for the service it provides, which helps to fund its running costs.
  • More effective than a simple donation, micro-credit promotes long-term sustainable economic development rather than short term help.

The MFI