María is 47 years old and lives in Latacunga with her husband and four children who are 25, 22, 19 and 15. She describes herself as a person who is responsible with her household duties and very calm.
María works together with her family raising animals (livestock) to sell. This is the first time that she has requested a loan from Fodemi and she will use the money to buy livestock to breed and raise. This will increase her sales and income and improve her family's quality of life.
María's dream is to provide her children with an education.
María tiene 47 años vive en Latacunga con su esposo y sus 4 hijos los cuales tienen 25, 22, 19 y 15 años de edad. María se describe como una persona responsable en el hogar y muy tranquila.
Trabaja con su familia en la crianza de animales (ganado) para su venta. Es la primera vez que solicita créditos a Fodemi el mismo que será utilizado para la compra de ganado para su reproducción y crianza lo cual aumentará sus ventas e ingresos y mejorará la calidad de vida de su familia.
Su sueño es dar el estudio a sus hijos.
About FODEMI, a partner of World Vision InternationalFODEMI 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