La Lindera Group
In common with her fellow group members, María is a farmer. This is the first time that her group has worked with Fodemi. They will invest this loan in buying bean and potato seeds. When they harvest their crops, they will sell them and thereby make good income which will help them to cover their household expenses and improve their quality of life.
María's dream is to have sales premises from which she can sell her produce.
María al igual que sus compañeras trabaja en la agricultura. Es la primera vez que trabajan con Fodemi, este crédito van a invertir en la compra de semillas de fréjol, papas para una vez cocechado venderlas y así obtener buenos ingresos que les ayudará a sustentar los gastos de su hogar y mejorar su calidad de vida.
El sueño de María es tener un local donde vender sus productos.
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