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Grupo Segundo Group
In this Group: Segundo, Ana, Silvia
Segundo is 58 and the father of two children. He describes himself as an honest, hardworking, and humble man who lives and works so that his family may have a good life. For the past 20 years, Segundo has been working with cattle. He lives in the Ecuadoran town of Latacunga, which is a perfect area for raising cattle, which is the reason why he started this business alongside his wife.

Segundo is requesting a loan to buy another head of cattle to add to his livestock herd. This will be his first loan and he has high hopes that it will significantly increase his profits. In the future, Segundo hopes to continue to expand his herd and perhaps even one day have a farm of his own.

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
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $24,193,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Grupo Segundo Group's $1,200 loan helped a member to buy a calf.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2012
Listed
Mar 29, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2012