Nueva Luz Group
Yolin lives with his wife and four daughters - aged nine, six, five and one year old; Yolin's wife helps with the business of buying and selling the shellfish and also looks after the home and their daughters.
Yolin hopes that in the not-too-distant future he will see progress at his business. He wants to sell more and offer his daughters the opportunity to study at university, something that many people in this city cannot do.
Yolin currently lives in the Orillas del Mar barrio of San Lorenzo. He has managed to build his own house and is located in a strategic area for running his business.
Yolin is leader of the "Nueva Luz" group which has five men and three women as members. They have been working together for 20 months.
In the photo Yolin is the man with his hand in the air. The group is strong and has a desire to work so that their barrio will progress.
Yolin, vive con su esposa y sus 4 hijas de 9,6,5 y 1 año; su esposa a mas de ayudarlo en el negocio de la compra-venta de la concha, se dedica al cuidado del hogar y de sus hijas.
Yolin, espera en un futuro no muy lejano, ver un progreso en este negocio, vender concha en mayor numero y brindar a sus hijas la posibilidad de continuar sus estudios en una carrera universitaria, que muchos no tienen las posibilidades en esta ciudad.
cabe indicar que Yolin vive actualmente en un barrio a orillas del mar en San Lorenzo, ha logrado construir su casa propia y esta en un lugar estrategico para el negocio de la concha.
YOLIN es el lider del grupo "NUEVA LUZ" conformado por 5 hombres y 3 mujeres, quienes vienen trabajando en forma organizada desde hace 20 meses
Yolin aparece en la fotografia levantando su mano derecha y el grupo se considera con mucha fortaleza y deseos de trabajar en el desarrollo de su barrio.
More information about this loan
This loan is part of FODEMI’s effort to reach vulnerable populations located along Ecuador’s frontier with Colombia. This region generally lacks access to financial services and is populated by many Colombian refugees seeking asylum from guerrilla warfare. This loan is designed to help these vulnerable populations improve their lives and set up sustainable businesses.
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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