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Virgen Del Carmen Group
In this Group: Sonny Catalina, Elvira, Washington, Otera Delfina, Enner, Yessi Angela, Peter Alfredo, Diego Paul, Jose Luis, Miguel Arturo*
* not pictured
The "Virgen del Carmen" group is formed by ten people who have a variety of businesses. Among its members is Delfina, who has made a living by raising and selling chickens for the last six years. She has run her business with a lot of love and dedication. Thanks to this work, she has been able to provide support for her children's education as well as daily sustenance for her home. It was very difficult at the beginning; the chicks died because she hadn't made the patio of her house an appropriate space for them. The chickens were lost and that created losses. Little by little she closed up the patio and organized a place for the chicken coop.raising chickens. When the chickens are ready (6 weeks), she sells them in the stores in her town, and with these resources she buys more small chickens. She wants to expand the chicken coop and work on raising 300 chickens per month. With this she will increase her earnings and improve her income to pay off her loan and

With this loan, Delfina will invest in buying chickens and a balanced diet in order to improve her business to cover her needs.

ADDITIONAL INFORMATION
Each member of the group receives $500.00. They meet monthly to make payments on the loan.
View original language description ↓
El grupo Virgen del Carmen está conformado por 10 personas. Quienes realizan distintas actividades de negocios. Entre sus integrantes está DELFINA. Quien desde hace 6 años se dedica a la cría y venta de pollos. Es una actividad la cual la desarrolla con mucho amor y dedicación. Gracias a esta labor. Puede brindar apoyo en educación a sus hijos a más del sustento diario en su hogar.
Al inicio fue muy difícil. Los pollitos se morían porque no tenía adecuado el patio de su casa. Los pollos se perdían y esto generaba perdidas.
Poco a poco hizo el cerramiento del patio y organizó un lugar para el galpón.
Con este crédito, DELFINA invertirá en la compra de pollos y balanceado para mejorar su actividad de cría de pollos.
Cuando los pollos están listos (6 semanas) ella los vende en las tiendas del pueblo y con estos recursos compra más pollos pequeños.
Ella tiene deseos de ampliar el galpón y trabajar en la cría de unos 300 pollos pos mes. Con esto aumentaría sus ganancias y mejoraría sus ingresos para pagar su préstamo y cubrir sus necesidades.
INFORMACION ADICIONAL
Cada integrante del grupo recibe $500,00 dólares, ellos se reúnen mensualmente para acordar el pago de la letra del crédito.

Additional Information

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 Ecuador

VisionFund 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.

Tags

About Ecuador

  • $10,200
    Average annual income
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $23,419,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Virgen Del Carmen Group's $5,000 loan helped a member to buy chickens and a balanced diet.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2014
Listed
May 29, 2014
Currency Exchange Loss:
N/A
Ended:
May 17, 2015