Gregori Pizza Group
Byron is 31 and separated. He lives alone in Tabacundo, an hour away from Otavalo. Byron describes himself as a laid-back person, an entrepreneur unafraid of challenges.
He has worked in his Pizzeria for a year and a half. This is the first time that he has requested a loan from FODEMI, and he will use it for the purchase of the ingredients for making the pizzas that he will sell in his business.
With this loan, his business will grow considerably because it will increase his production and his income. His dream is to have a fast food chain (pizzerias) to improve his quality of life.
Byron tiene 31 años es separado vive solo en tabacundo a una hora de otavalo; Byron se describe como una persona tranquila, emprendedor y sin miedo a los retos.
Trabaja en su Pizzeria por un tiempo de 1 año y medio. Es la primera vez que le solicita créditos a FODEMI el mismo que será utilizado para la compra de los ingredientes para hacer las pizzas que va a vender en su negocio.
Con el crédito su negocio crecerá considerablemente porque aumenta su producción y mejorará sus ingresos. Su sueño es tener una cadena de comidas rápidas (pizzerias) para mejorar su calidad de vida.
About VisionFund EcuadorVisionFund 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.
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Success!! The loan was 100% repaid