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Machachi Ranchers Group
In this Group: Maria Dolores, Ana Maria, Segundo
Maria, the lady on the left of the photo, is 47 years old, married, and has three children. She describes herself as humble and hard-working and has been raising cattle for about ten years, something she was taught as a little girl by her mother. She now works alongside her family and hopes that this loan, her first, will help them increase the number of animals under their care. For the future, she imagines herself continuing to expand her business and hopes that income will prove steady enough to take care of herself and her loved ones.

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

  • $10,200
    Average annual income
  • 44
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Machachi Ranchers Group's $900 loan helped a member to buy some more head of cattle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2012
Listed
Feb 27, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012