San Jose Group
Since classes are starting soon, Claudia needs a loan to stock up on school supplies such as notebooks, pens, pencils, and rulers. She will able to meet the needs of parents in her neighborhood who have children in school. The neighborhood where she lives is dangerous. Claudia says that many teenagers and young people do not have work opportunities or other things to keep them busy.
Thanks to a friend, Claudia and her fellow group members learned about the loans from FODEMI. They took advantage of this opportunity by working together and forming a group. As of now, they are on their third loan. They want everyone to know that their payments have been submitted on time. They are grateful for the opportunities that have been given to the poor people who live in this area.
Additional Information: The members of this group live in the same area, which unfortunately is dangerous as a result of street crimes committed by young people. Despite all of this, the members of this Communal Bank engage in integration and recreational sports activities to provide a distraction for children and young people. This prevents them from engaging in activities that threaten the local residents.
Note: In the photo, there are three children who are accompanied by their mothers. Consent was given for them to appear in the photo.
Al aproximarse la temporada de clases. Ella precisa un crédito para abastecerse de útiles escolares (cuadernos, esferos, lápices, reglas) y poder atender a los padres de familia que tienen niños en las escuelas y que viven en el barrio.
El barrio donde vive CLAUDIA es algo peligroso. Debido a que varios adolescentes y jóvenes no tienen oportunidades de distracción o trabajo – nos dice CLAUDIA.
Gracias a una amiga, pudimos conocer de los créditos de FODEMI y aprovechando que todos trabajamos juntos, formamos el grupo que hoy tramitamos el tercer crédito. Dando a conocer que nuestros pagos han sido puntuales. Por eso se agradece la oportunidad que se le da a la gente pobre de este sector.
Los miembros del grupo viven en un mismo sector, lamentablemente es peligroso ya que se producen asaltos en la calle por parte de adolescentes. De todas formas, los socios de la banca realizan actividades de integración y recreación a través del deporte para distraer a los niños y jóvenes y de esta manera puedan dedicarse a actividades que no atenten la integridad de los habitantes del sector.
NOTA: en la imagen aparecen 3 niños, que acompañan a sus madres quienes autorizan tomar la fotografiacon ellos.
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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This loan has been fully funded!