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María's Group
In this Group: María Rosario, Fabiola Lucía, María Elena
MARÍA'S GROUP is a group of three women who jointly decided to work towards achieving success in their lives. The three clients work selling clothes. María is the group's president. They chose her because she is a calm woman who has a lot of charisma when she makes her sales. She enjoys treating her customers well. María lives with her three children in Machachi which is one hour from Quito, the capital of Ecuador.

María works alone in her clothing business. This is the first loan that she has requested from Fodemi and she will invest it in buying t-shirts, pants, legwarmers and bags for the Christmas season as this is when her sales, and therefore her income, increase. María plans to increase her business in this way as she needs to make good income in order to support her business and her family.

María dreams of having chains of clothing sales locations so that she can employ people who need work.
View original language description ↓
MARÍA'S GROUP es una sociedad de tres mujeres, que se pusieron de acuerdo para emprender y lograr éxitos en sus vidas, las tres clientes se dedican a la venta de ropa. En este grupo María es la presidenta, le escogieron como tal porque es una mujer tranquila y tiene mucho carisma para vender, le gusta tratar bien a sus clientes. María vive con sus tres hijos en Machachi que se encuentra a una hora de Quito la Capital del Ecuador.

María trabaja sola en la venta de ropa, es el primer crédito que solicita a Fodemi, el mismo que va a ser invertido en la compra de camisetas, pantalones, calentadore, sacos para la temporada navideña, ya que en esta fecha aumentan las ventas y por ende sus ingresos. María piensa incrementar su negocio de esta manera ya que necesita tener ingresos buenos para mantener su negocio y a su familia.

María sueña con tener cadenas de locales de venta de ropa para poder emplear a personas que lo necesiten.

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
  • 57
    View loans »
    Ecuador Loans Fundraising
  • $24,312,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of María's Group's $1,200 loan helped a member to buy t-shirts, pants, legwarmers and bags for the Christmas season.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 14, 2011
Nov 19, 2011
Currency Exchange Loss:
Apr 15, 2012