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Fausto's Group
In this Group: Luis Fausto, Carmen Janeth, Amparo Pilar, Luis Germán, Wilson Javier
Fausto’s Group is made up of five people: three men and two women. Fausto is group President.

Fausto is 34 years old and lives in Urcuquí near Ibarra with his parents. He’s single and has no children. He describes himself as a hardworking, cheerful person with the drive to get ahead.

He has been working raising pigs for just two years. This is his first loan request to FODEMI. The loan he’s requesting is to buy litters of white piglets because they are of good quality. Thanks to this loan he’ll be able to help his business grow and thus to increase his income and improve his family’s quality of life. His dream is to own a house and that his business continues to grow in order to sell his pigs to large firms. He also dreams with getting married and having a son.
View original language description ↓
Fausto's Group está conformado por 5 personas: 3 Hombres y 2 Mujeres de los cuales Fausto es el presidente.

Fausto tiene 34 años vive en Urcuquí cerca de Ibarra con sus padres, es soltero no tiene hijos, se describe como una persona trabajadora, alegre y con el ánimo para salir adelantes.

Trabaja en la crianza de cerdos solo por 2 años, es la primera vez que solicita crédito a FODEMI, el crédito que solicita es para la compra de crías de cerdos blancos ya que estos son de buena calidad; gracias a este préstamo ayudaría a que su negocio crezca y así aumentarían sus ingresos y mejoraría la calidad de vida de su familia.

Su sueño es tener su propia casa y que su negocio siga crecieno y así poder distribuir sus cerdos a las grandes empresas; también su sueño es casarse y tener un hijo.

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
  • 38
    View loans »
    Ecuador Loans Fundraising
  • $23,467,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Fausto's Group's $1,650 loan helped a member to buy litters of white piglets because they are of high quality.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2011
Listed
Aug 16, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012