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Churoloma Group
In this Group: María Isabel, Gloria Patricia, Janetthe Maricela
Churoloma is a group of three people who want to improve the quality of life for their families. One of the members is Gloria, a responsible, hardworking woman with a strong desire to move up in life. She lives with her husband and their two children in Salcedo, very close to the city of Latacunga. Gloria works with her husband raising livestock to sell, and currently the business is going very well because they have a good customer base. Now, in order to grow the business she is requesting a loan from Kiva partner FODEMI, which she plans to use to purchase a milk-cow to enter into the business of producing milk and cheese. This business with help her and her husband attract more customers, grow their sales and increase their income, thus improving their quality of life. Gloria dreams of becoming a big milk producer and distributor, and improving the quality of life for her children.
View original language description ↓
Churoloma es una sociedad de tres personas que buscan mejorar la calidad de vida de sus familias, de este grupo se destaca Gloria por ser una persona responsable, trabajadora y con deseos de superación. Gloria vive con su esposo y sus dos hijos en Salcedo muy cerca de latacunga.

Gloria trabaja con su esposo en la crianza de ganado para venta, actualmente les va muy bien en su negocio ya que tienen buena clientela, ahora por incrementar su negocio solicitan un crédito a Fodemi el mismo que va a ser invertido en la compra de una vaca lechera para entrar en el negocio de producción y venta de leche y queso, negocio que les ayudará a obtener más clientes, mejores ventas y un incremento en los ingresos lo que ayudará a mejorar su calidad de vida.

Gloria sueña en tener una producción grande de leche para poder ser una distribuidora y mejorar la calidad de vida de sus hijos.

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
  • 53
    View loans »
    Ecuador Loans Fundraising
  • $24,996,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Churoloma Group's $1,500 loan helped a member to purchase a milk-cow for the production of milk and cheese.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 4, 2012
Oct 24, 2012
Currency Exchange Loss:
May 31, 2013