La Granja Group
The president of this group is Don Lizandro, who, with his entrepreneurial spirit and enthusiasm, has succeeded to grow with his group and with his family. They have grown through hard work and humility, which characterizes agricultural people.
With the loan from FODEMI they will invest in a breeder pig to improve the breed and thereby improve their income. They will also buy pig feed to maintain healthy piglets.
Lizandro aspires to build his own kennel for breeding pigs, and to become a small distributor to the supermarkets in the city. With this income he could fulfill one of his goals, to see his children in college.
El credito que solicita a Fodemi, lo va a invertir en la compra de un cerdo reproductor, para poder mejorar la raza y asi mejorar sus ingresos, ademas invertiran en la compra de alimento balanceado para mantener sanos a sus chanchitos.
Lizandro anhela construir su propio criadero de chanchos de raza, para poder convertirse en un pequeño distribuidor para los supermecados de la ciudad, y con estos ingresos poder cumplir una de sus metas que es verles a sus hijo en la universidad.
About FODEMI, a partner of World Vision InternationalFODEMI 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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Success!! The loan was 100% repaid