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Loma Linda Group
In this Group: Pedro, Liberato, Bolivar, Virgilio, Maria Luisana, Rodolfo, Felipe, Pedro Carlos, Jose Guillermo, Leticia Mireya
In the town of Loma Linda lives Guillermo with his wife and their seven children. Guillermo is 35 years old now, and from the time he was a baby, he learned how to be a farmer from his father. His wife is devoted to the to-dos of the house, and their children regularly attend classes.

This is Guillermo's first credit from FODEMI, and with the experience he has in his work, he is sure to be able to make progress and work toward the benefit of his community. Through agriculture, he can provide his neighbors with the opportunity to work with him. This loan will help him improve his production of yucca, sugar cane, lumber, and cocoa in his community. In addition, he wants to begin selling fresh fish.

Guillermo is part of the Chachi culture. In his group, there are ten people from his own community and nearby ones. He said that it took him about six hours to get to San Lorenzo from his village. For a rural farmer, this is a great opportunity since it doesn't require him to put his lands up against the loan and the requirements are minimal. It's also important to note traditional banks don't reach his communities.
View original language description ↓
En LOMA LINDA vive GUILLERMO con su esposa y sus 7 hijos. GUILLERMO tiene actualmente 35 años y desde su infancia aprendió con su padre el arte de la agricultura. Su esposa se dedica a los quehaceres del hogar y sus hijos asisten regularmente a clases.
Para GUILLERMO es su primer crédito en FODEMI y con la experiencia de su trabajo, esta seguro de poder progresar y trabajar en el beneficio de su comunidad. Ya que a través de la agricultura da la oportunidad a vecinos de trabajar con él.
Este crédito. Ayudara a mejorar la producción de yuca. Caña. Plátano. Madera y cacao. En su comunidad. A demás desea implementar la venta de pescado fresco.
GUILLERMO. Pertenece a la cultura Chachi. Y en su grupo de trabajo hay 10 personas de su propia comunidad y de otras cercanas.
Menciona que para llegar a San Lorenzo tarda alrededor de 6 horas desde su localidad. Y que para el campesino es una buena oportunidad ya que no se requiere poner sus tierras en garantía de préstamo y los requisitos son mínimos. Algo muy importante es que la banca tradicional no llega a las comunidades.

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.


About Ecuador

  • $10,200
    Average annual income
  • 26
    View loans »
    Ecuador Loans Fundraising
  • $22,871,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A portion of Loma Linda Group's $5,000 loan helped a member expand his agricultural produce and help his neighbors through farming.
55% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 19, 2014
Jun 30, 2014
Currency Exchange Loss: