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Virgen De Guadalupe Group
In this Group: Teresa Birjinia, Anggi Lorena, Gretti Didcenia, Maria Elena, Sergio Tomas, Maritza Andrea, Alixi Georgina
Maritza is a 41-year-old woman. She has 10 children and her husband is a chainsaw operator who works as a day laborer. Only her oldest daughter is married. The younger children are students and the oldest son, who is 19, helps in the home along with his daily work in a mine. He pays monthly rent and his desire is to soon have his own home.

In the past, Maritza worked harvesting seashells in the mangrove swamp. These days, she sells fried ripe plátano with cheese in the afternoons.

This is her first loan from FODEMI and she learned about it from her siblings who have been borrowers for several years.

With this loan, she will purchase an industrial range, a large frying pan, a bucket of oil, ripe plantain and farmer's cheese.

She says that with her savings, she has managed to get sun shades and, so, serve her customers better. She states that these loans greatly help the families in this community because of their comfortable monthly installments.
View original language description ↓
Maritza. Mujer de 41 años tiene 10 hijos y su esposo es motosierrista (jornalero). Solo su hija mayor es casada. Sus hijos menores estudian y el mayor de 19 años ayuda en el hogar con su trabajo diario en una minera. Paga una taza de arriendo mensual y su deseo es de tener pronto su casa propia
Maritza anteriormente se dedicaba a la captura de concha en el manglar. Hoy en día su actividad es la venta de plátano maduro frito con queso en las tardes.
Es su primer crédito con FODEMI y se entero por sus hermanos que son clientes desde varios años.
Con este préstamo. Comprara una cocina industrial. Una paila. Una caneca de aceite. Plátano maduro y queso fresco.
Comenta que ha logrado conseguir con sus ahorros parasoles y así atender mejor a sus clientes. Manifiesta que estos créditos ayudan mucho a familias de esta comunidad. Por sus cómodas letras mensuales

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
  • 14
    View loans »
    Ecuador Loans Fundraising
  • $22,840,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A portion of Virgen De Guadalupe Group's $3,500 loan helped a member to purchase an industrial range, a large frying pan, a bucket of oil, ripe plantain, and farmer's cheese, and also to improve her community.
79% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2014
Listed
Jun 30, 2014
Currency Exchange Loss:
N/A