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Iruguincho Group
In this Group: Luis Patricio, Anita Maribel, Maria Angelita
Luis, Maria Angelita and Anita are the members of Iruguincho Group located near the city of Ibarra in northern Ecuador. Luis, 22, is the group leader. He is single and lives with his family. He has one son who is three -years-old. He is a hard-working man who wants to get married soon, have another child, and continue forward with his girlfriend. Luis is a farmer, currently growing beans on his parents' land. He is seeking this loan to grow corn and some more beans. He began his life as a farmer when he finished school. His father and brother brought him to the country and taught him all they knew about farming. Since then, he has dedicated himself to farming and still works alongside his father. He hopes that this loan will help change his business, his life, and the life of his family. With hard work everyday, he has hopes to build his own house and get some of his own land. His goal is to live with his family in his own house and hire workers to help him with his farming work.

Additional Information

About VisionFund Ecuador

VisionFund Ecuador is a microenterprise development fund that supports groups of entrepreneurs who lack access to formal financial systems. The organization works with vulnerable populations, especially women, in the marginalized urban and rural sectors of Ecuador. Its clients work in a variety of sectors including agriculture, artisan crafts and the commercial and service sectors. Kiva lenders’ funds are used to expand the organization’s services to the poor living in more rural parts of Ecuador.

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.

About Ecuador

  • $10,200
    Average annual income
  • 99
    View loans »
    Ecuador Loans Fundraising
  • $23,946,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Iruguincho Group's $775 loan helped a member to plant corn and additional bean crops.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 16, 2011
Listed
Jun 21, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012