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Victoria's Group
In this Group: María Victoria, Olga, Josefina, María, Gonzalo, Elvia, Milton
Victoria's Group consists of 7 persons: 5 women and 2 men. In the photograph, the men who are clients are: the young man who is wearing a green jacket and the man who is wearing a black hat. The others are brothers and spouses of the clients. In this group the president is María.

María is 37 years old, married and has 6 children. She lives with her family in Latacunga. María is described as hard working and honest.

She works with her family in raising pigs. This is her first time working with FODEMI and the loan is for the expansion of their pork butchery business so that their animals have more space.

Her dream is to keep working in the future to buy more pigs and increase sales and revenue.
View original language description ↓
Victoria's Group está conformado por 7 personas: 5 mujeres y 2 hombres, en la fotografía los hombres que son clientes son: el joven que está de saco verde y el señor que está de sombrero negro los demás son hermanos y cónyugues de las clientes. En este grupo la presidenta es María.

María tiene 37 años es casada y tiene 6 hijos, vive en Latacunga con su familia. Se describe como una persona muy trabajadora y honesta.

Trabaja con su familia en la crianza de cerdos. Es la primera vez que trabaja con FODEMI y el crédito es para la ampliación de sus chancheras para que sus animales tengan mayor espacio.

Su sueño es seguir trabajando para en un futuro comprar más cerdos y poder incrementar sus ventas e ingresos.

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
  • 34
    View loans »
    Ecuador Loans Fundraising
  • $23,216,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Victoria's Group's $2,200 loan helped a member to expand their pork butchery business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2011
Listed
Sep 12, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012