The president of this supportive group is Veronica, a courageous woman full of virtues and high Christian values. She is a 24-year-old woman who has three children. She lives with her husband and children in the city of Latacunga. Veronica defines herself as a humble, honest, very hard-working, and enthusiastic woman. It is because of this that she has gained the regard and recognition of her community.
The loan requested from FODEMI will be invested in the purchase of carnation plants to plant in the greenhouse that they have. This is a worthwhile investment since it produces a large harvest and their carnations are highly valued in the entire center of the country.
The dream that Veronica has is to continue working and increase her small micro-company by having more greenhouses and planting roses and carnations, and to be one of the principle distributors of roses for her city and the country.
La presidenta de este grupo solidario es la señora Verónica una mujer valiente llena de virtudes y de altos valores cristianos, ella es una mujer de 24 años tiene tres hijos vive junto a su esposo e hijos en la ciudad de Latacunga. Verónica se define como una mujer humilde, honesta, muy trabajadora y entusiasta, es por ello que se ha sabido ganar el aprecio y reconocimiento de su comunidad.
El crédito solicitado a FODEMI se lo invertirá en la compra de plantas de claveles para sembrar en el invernadero que tienen, siendo una inversión rentable ya que produce gran cosecha y sus claveles son muy cotizados en todo el centro del país.
El sueño que la Sra. Verónica tiene es seguir trabajando y ampliar su pequeña microempresa, teniendo más invernaderos y sembrando rosas y claveles, y ser una de las principales distribuidoras de rosas para su cuidad y el país.
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