Sonia works alone, raising white pigs for fattening and later sale. This is the first time that she has requested a loan from Fodemi. She will invest it in the purchase of young white pigs for raising and fattening. This will generate her more sales and a better income, which will allow her to support her family and give her children an education.
Her dream is to be able to have a large pig farm, and for her children to be professionals.
The other group members are farmers. This loan will help them to buy seeds and fertilizer so that they have an excellent harvest and are able to make a good income, thus improving their quality of life.
Sonia trabaja sola en la crianza de cerdos blancos para engorde y venta. Es la primera vez que le solicita un crédito a Fodemi, el mismo que va a ser invertido en la compra de crías de cerdos blancos para su crianza y engorde lo cual le generará más ventas y buenos ingresos que le permitirá mantener y dar el estudio a sus hijos.
Su sueño es poder tener un gran criadero de cerdos y ver a sus hijos ser profesionales.
Las demás personas del grupo se dedican a sembrar y cocechar, el crédito les ayudará a comprar semillas y abono para que su producción sea excelente y puedan tener buenos ingresos y de esa manera puedan mejorar su calidad de vida.
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