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La Colmena Group
In this Group: Angela , Jesus Elizabeth, Luz Estella , Freddy Ferney, Estanislao Bolivar, Angel Javier, Gina Patricia, Julio Cesar*, Juana
* not pictured
Bolívar rents a house in a poor neighborhood of San Lorenzo. He lives with his wife and his only daughter who is 4 years old. For many years Bolivar has worked as a bricklayer. it is not steady work and at times he has had to wait for weeks to find work. His wife is 70 % disabled. Fortunately she works in an office doing the cleaning.

Bolívar will use this loan to buy tools which will help him in his work as a bricklayer (a shovel, trowels, a drill, a grinder, a hammer, a saw and a tape measure). In the short term he hopes to acquire a mixer so that he can form his own bricklaying team, providing work to others and generating more income.

He wants to give support to his daughter in a thousand ways. She shows promise as a news-presenter and Bolívar hopes she becomes a great journalist.

Additional information: Bolívar belongs to the “LA COLMENA” group which has 9 members who all have different work and who will receive between $500 to $1500 each, depending on their seniority in the group. It is worth noting that their previous loans have been paid on time and surely will repeat this with this new loan.
View original language description ↓
BOLIVAR, alquila una casa en un barrio vulnerable de San Lorenzo, vive con su esposa y su pequeña y única hija de 4 años.
Bolívar desde hace muchos años se dedica a la albañilería no es trabajo fijo y en ocasiones debe esperar varias semanas para poder encontrar tarea.
Su esposa tiene un 70% de discapacidad, oportunamente trabaja en una oficina realizando el aseo.
Con este préstamo Bolívar, comprara herramientas que faciliten sus tareas de albañil, (pala, bailejos, moledora, metro, martillo, cortadora y taladro) a un corto plazo, Bolívar espera adquirir una mezcladora, con la que formará su propio equipo de albañilería, dando trabajo a otras personas y obteniendo mejores ingresos.
Desea apoyar de mil maneras a su pequeña hija, quien muestra dotes de presentadora de noticias y Bolívar espera que se convierta en una gran periodista.
INFORMACION ADICIONAL
Bolívar es integrante del grupo “LA COLMENA”, formado por 9 personas, quienes realizan diferentes actividades y que recibirán entre $500 y $1500 cada una según la antigüedad en el grupo, cabe indicar que los anteriores prestamos los pagaron normalmente y están seguros de tener el mismo comportamiento de pago en el presente crédito.

Additional Information

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 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.

Tags

About Ecuador

  • $10,200
    Average annual income
  • 18
    View loans »
    Ecuador Loans Fundraising
  • $22,607,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A portion of La Colmena Group's $7,900 loan helped a member to buy tools, so that he can continue to support his family.
75% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2014
Listed
Apr 28, 2014
Currency Exchange Loss:
N/A