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Rosalia's Group
In this Group: María Rosalía, Nelson, Olga, Ana María , Walter , Nancy , Blanca, María
Rosalia’s group is made up of 8 people: 6 women and 2 men. The woman in the red poncho on the right in the photo is not a member of the group. On the other hand, the young man with the black turtleneck sweater on the right and the man who has a jacket with the letter N are members. The other women are wives or partners of the members. Rosalia is the president of the group.

Rosalia is 53 and she lives in Latacunga with her husband and 5 offspring who are 25, 33, 31, 22 and 16 years old. Rosalia is a calm person.

26 years ago she started making baskets with her husband. They got the money for the supplies by selling animals. This is the second loan with FODEMI and she will use it to purchase materials to make the baskets.

Her dream is to continue with her business, to improve it, and especially to feel better.
View original language description ↓
Rosalia's Group esta conformado por 8 personas: 6 mujeres y 2 hombres. En la foto la señora de poncho rojo que esta a la derecha no es cliente. En cambio el joven de buso negro de la derecha y el señor que tiene en el saco la letra N son clientes los demás señores son cónyugues de las clientes. De todo este grupo Rosalía es la presidenta.

Rosalía tiene 53 años vive en latacunga con su esposo y sus 5 hijos los cuales tienen 25, 33, 31, 22 y 16 años de edad. Rosalía se considera una persona tranquila.

Iniciaron con su esposo hace 26 años la elaboración de masetas obtuvieron dinero para los materiales vendiendo a sus animales. Es la segunda vez que hace crédito en FODEMI, el crédito que solicita es para la compra de materiales para la elaboración de masetas.

Su sueño es seguir adelante en su negocio, mejorarlo y sobre todo sentirse mejor de la salud.

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

  • $10,600
    Average annual income
  • 94
    View loans »
    Ecuador Loans Fundraising
  • $24,095,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Rosalia's Group's $2,325 loan helped a member to buy materials to make baskets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2011
Listed
Aug 22, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012