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Mirador De Yahuarcocha Group
In this Group: Paola Elizabeth , Nancy Lorena, Olga Beatríz , María Adela , Silvia Johana
El Mirador de Yahuarcocha is a group of 5 entrepreneurial women who have the same goal, which is to move forward with their business in order to improve their quality of life. In this group the president is Paola. In the photograph she is the second person starting from the left. She is known for being an entrepreneurial woman, hard-working, and very responsible. She lives in the city of Ibarra with her parents.

Paola works together with her coworkers in a workshop making shirts of Indian fabric. This is her first loan with Fodemi, and it will be used to purchase an industrial sewing machine that will help to save time and increase productivity.

Paola dreams of having a large workshop in order to be able to employ people who need it.
View original language description ↓
El mirador de Yahuarcocha es un grupo de 5 mujeres emprendedoras, que tienen un mismo fin, que es el de salir adelante con su negocio para mejorar su calidad de vida. En este grupo la presidenta es Paola, en la fotografía es la segunda persona empezando desde la izquierda, se caracteriza por ser una mujer emprendedora, trabajadora y muy responsable. Vive en la ciudad de Ibarra con sus padres.

Paola trabaja junto con sus compañeras en un taller de confección de blusas de tela indú. Es el primer crédito que realiza en Fodemi, el mismo que va a ser invertido en la compra de una máquina de cocer industrial, que ayudará a optimizar tiempo y ayudará a una mejor productividad.

Paola sueña en tener un taller grande para poder emplear a personas que 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
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mirador De Yahuarcocha Group's $2,000 loan helped a member to purchase an industrial sewing machine.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2012
Listed
May 5, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 29, 2013