Cuyes Dorados Group
The group president is Gloria, a 54-year-old woman living in the city of Latacunga. She has a 20-year-old son. Gloria lives with her son and husband and Gloria defines herself as a cheerful, honest, respectful and very hardworking woman. Some time ago she decided to start a business to help her husband economically and she decided to raise animals to sell. It had good results and her entire family’s quality of life has improved.
The loan she’s asking FODEMI for is to buy baby guinea pigs to raise for subsequent sale. She will also invest in setting up the cages where she’ll raise them. Gloria is convinced about investing money in her business because she’s doing better every time and she’s earning higher income.
Gloria wants to reach her dream of having a large guinea pig nursery to become a micro businesswoman supplying her city’s markets and with this be able to help with her son’s education.
La presidenta de este grupo es la Sra. Gloria es una mujer de 54 años que vive en la ciudad Latacunga, ella tiene un hijo de 20 años, Gloria vive junto a su esposo y su hijo, Gloria se define como una persona alegre, honrada, respetuosa muy trabajadora, Gloria desde mucho tiempo atrás decidió emprender un negocio con el que pueda ayudar económicamente a su esposo, es por ello que se dedicó a la crianza y venta de animales, dándole buenos resultados y mejorando la calidad de vida de toda su familia.
El crédito solicitado a FODEMI será invertido en la compra de cuyes pequeños para la crianza y la posterior venta, además se invertirá en la adecuación de las jaulas donde se criaran los cuyes. Gloria está convencida de invertir en su negocio ya que le está yendo cada vez mejor y está teniendo mayores ingresos económicos.
Gloria quiere cumplir su sueño de tener un criadero grande de cuyes para ser una microempresaria distribuidora para los mercados de su ciudad, y con esto ayudar en la educación de su hijo.
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