Villa De Oro (Montecristi) Group
This is a group of 12 women and 2 men who decided to come together and form a loan group. The group has been very useful to them as they have been able to improve their small businesses through their loans. The members work in different areas such as farming, general commerce, services, etc.
One of the members of this group is 47-year-old Hermes. Hermes is separated but has three children from his relationship. Two of his children are adults whilst the youngest is 9 years old and attending school. He lives with his mom in spite of the fact that Hermes is the one who provides for him financially.
Hermes works in commerce. He is a wholesale supplier of fish. He travels to other coastal towns to buy the best fish available. He then transports it to the city of Manta where he delivers it to a number of companies who process fish. He has been in this business for 29 years and it has made him very good profits.
Hermes will use this loan to buy fish. This is his first loan cycle as a member of his community bank and he likes it for the speed with which loans are disbursed.
Hermes' goals are to continue making progress in his business and also in his personal life.
The two small photos are of group members who could not be present when the group photo was taken.
Este es un grupo de 12 mujeres y 2 hombres que decidieron unirse y formar este Grupo De Crédito que les ha servido de mucho ya que con los créditos ellos han podido mejorar sus pequeños negocios. Ellos se dedican a diversas actividades tales como agricultura, comercio en general, servicios, entre otras actividades.
Uno de los socios de este grupo es el señor Hermes, tiene 47 años de edad, está separado pero de esta relación tienen tres hijos, dos mayores de edad y uno de 9 años que estudia en escuela y vive con la mamá a pesar de que es él que se hace cargo de los gastos de su hijo.
Don Hermes se dedica al comercio, es proveedor al por mayor de pescado, él viaja hasta otras ciudades costeras a comprar el mejor pescado para luego trasladarlo a la ciudad de Manta lugar en el cual entrega a varias empresas que procesan el pescado, lleva 29 años dedicada a esta actividad la cual le ha dado muy buenos beneficios.
Este crédito es para comprar pescado, este es su primer ciclo en el Banco Comunal y le gusta por la rapidez con que salen los créditos.
Sus metas son seguir adelante en su negocio y su vida personal.
Las dos fotos pequeñas son de un socio y una socia que no pudieron estar presentes cuando se tomo la foto del grupo.
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