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Mujeres Emprendedoras Group
In this Group: Maria , Maria, Maria
This communal bank is called “Mujeres Emprendedoras” (Enterprising Women) and it’s composed of three brave women who are worthy of admiration who strive daily to move each of their families forward. The group president is María, a woman who defines herself as humble, honest, responsible and very hardworking. María is 32-year-old and lives with her three children and husband in the city of Latacunga.

María sells fruit sorbets throughout the city streets; it’s demanding work that María does with much love in order to help her household economy. María asked FODEMI for a loan to buy a freezer to maintain the quality and flavor of the sorbets she sells. María knows that this investment will help her increase business and her income will be improved as a result too. María’s dream is to continue growing with her business, to have her own sorbet shop and to continue supporting her children and give them education which is the most important thing for them to become upstanding citizens.
View original language description ↓
Este grupo solidario denominado Mujeres Emprendedoras, es un grupo conformado por tres mujeres valientes, dignas de admiración y que luchan día a día por sacar adelante a cada una de sus familias.
La presidenta de este grupo es la Sra. María, una mujer que se define como una persona humilde, honesta, responsable y muy trabajadora, María tiene 32 años, ella vive junto a sus 3 hijos y su esposo en la ciudad de Latacunga, María se dedica a la venta de helados de paila por las calles de la ciudad, siendo un negocio sacrificado pero que María lo hace con mucho amor, para poder ayudar en la economía de su hogar.
María solicito un crédito a FODEMI para invertir en la compra de un congelador para preservar la calidad y el sabor de los helados que vende, María sabe que esta inversión le ayudara a incrementar su negocio y por ende los ingresos serán mejores.
El sueño que María tiene es seguir creciendo con su negocio, tener un local propio donde vender sus helados y seguirles apoyando a sus hijos y darles la educación que es lo más importante para que logren ser unas personas de bien.

Additional Information

About FODEMI, a partner of World Vision International

FODEMI 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

  • $10,200
    Average annual income
  • 21
    View loans »
    Ecuador Loans Fundraising
  • $22,854,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mujeres Emprendedoras Group's $1,200 loan helped a member to buy a freezer.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Jan 28, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 1, 2013