Unidos Venceremos Group
Nelly is 33 years old and has been in beauty services for a living from a very young age.
She has her beauty shop in a house that she rents in the center of town north of Esmeraldas, in the same house she has lived in for 10 years. She needs this loan to buy accessories like creams, deodorants, dye, relaxers, hair treatments, and extensions.
She wants to grow her business, give work to young people that like hair styling, and buy her own house for her business and to live in with her daughter. The community where she lives is very vulnerable. The people live from agriculture that is difficult to take to market. Nelly is new in the group "Unidos Venceremos" or "United We Overcome" and her companions elected her leader of the group for her work commitment and dedication to the tasks.
The group is made up of 8 women and 2 men. Four of the members receive $500 and six of them receive $700 since it is their second time taking a loan. Nelly is raising her hand in the photo.
Nelly tiene 33 años y desde muy temprana edad se dedica a prestar servicios en su gabinete de belleza.
Ella tiene su gabinete en una casa que arrienda en el centro de un pueblo al norte de Esmeraldas en la misma que habita desde hace 10 años. Ella necesita este préstamo para la compra de accesorios como: cremas, desodorantes, tintes, alisadoras, tratamientos capilares, extensiones.
Tiene el deseo de crecer en su negocio, dar trabajo a jóvenes que les guste el estilismo, comprar su propia casa para poner su negocio y vivir con su hija.
La comunidad donde habita, es muy vulnerable, la gente vive de la agricultura que difícilmente pueden sacar al mercado. NELLY es nueva en el grupo “UNIDOS VENCEREMOS” y sus compañeras y compañeros la eligieron líder del grupo por su compromiso de trabajo, dedicación en las tareas a realizar.
El grupo se conforma por 8 mujeres y 2 hombres, 4 de sus integrantes reciben $500 y 6 de ellos reciben $ 700 dólares por ser la segunda vez que realizan el préstamo. NELLY levanta su mano en la fotografía.
More information about this loan
This loan is part of VisionFund Ecuador'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 VisionFund EcuadorVisionFund Ecuador 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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This loan has been fully funded!