Silvia works with her husband and other family members raising dairy cows. She has been in this business for three years. Before that Silvia took care of her mother’s animals. However, little by little, she has been buying her own cows, and she is able to devote herself to milk production.
Like in all businesses, the clientele is increasing. Silvia needs to increase her production. That is why she requested a loan from Fodemi. She will use the loan to buy a dairy cow in order to increase the milk production.
Silvia dreams that her family continues to be united, that her quality of life improves, and that she will soon be able to build her own house.
Silvia trabaja con su esposo y otros familiares en la crianza de vacas lecheras, en este negocio estan tres años, antes Silvia se dedicaba a cuidar los animalitos de su mamá pero poco a poco ha ido comprando sus propias vacas y se puede dedicar a la producción de leche. Como en todo negocio la clientela aumenta Silvia necesita incrementar su producción, es por eso que solicitó un crédito a Fodemi, el mismo que va a ser invertido para la compra de una vaca lechera para incrementar la producción de leche.
Silvia sueña que su familia siga unida, que mejore su calidad de vida y pronto poder construir su casa propia.
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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