Check out some available loans that are similar to this one!
Nuevo Porvenir Group
In this Group: Elena Maricela, Marys, Jolquin Ramon, Henry Dilson, Evelyn Soley, Raul Clemente, Wilson Wilfrido
Elena, age 26, has a six year old daughter, and Elena is currently pregnant. She lives with her husband. He works every day in a three wheeled motorized vehicle in order to help cover the household expenses. Elena sells prepared food near the police station. She also works at a small beauty parlor.

This is Elena's fourth loan with FODEMI. She says that it is going very well for her. She believes that it is a good option for poor and humble people.

She and her colleagues in the communal bank have known each other since they were children. She acknowledges that they are very organized in doing things that benefit their community and neighborhood.

Elena will use this loan to set up a new business, which will consist of selling sheets and canvas awnings. They have a considerable success in sales on the Pacific coast, and they do not require a lot of effort on her part in light of her pregnancy. She has been able to build her own house, and in the future she hopes to have more merchandise to deliver wholesale to her friends and customers.
View original language description ↓
ELENA tiene 26 años, una hija de 6 años y actualmente está embarazada. Vive con su esposo. Quien trabaja diariamente en una trici-moto para ayudar a cubrir los gastos del hogar.
ELENA se dedica a la venta de comida preparada cerca a la estación de policía- además ella trabaja en un pequeño gabinete de belleza.
Para ELENA es el cuarto (4to) crédito gestionado en FODEMI y menciona que le va muy bien. Ella cree que es una buena opción para la gente pobre y humilde.
Con sus compañeros de grupo se conocen desde la infancia y reconoce que son muy organizados en actividades que realizan en beneficio de su comunidad y barrio.
Con este crédito ELENA implementara un nuevo negocio, el mismo que consiste en “venta de sabanas y toldos” los mismos que tienen una considerable salida en las ventas en la costa pacífica y no requiere de mucho esfuerzo por parte de ella que se encuentra embarazada.
Ha podido construir su propia casa y en un futuro espera tener más mercadería y entregar al por mayor a sus amigas y clientes.

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

  • $10,600
    Average annual income
  • 49
    View loans »
    Ecuador Loans Fundraising
  • $24,292,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nuevo Porvenir Group's $3,500 loan helped a member to set up a new business, which will consist of selling sheets and canvas awnings.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2014
Listed
Jul 10, 2014
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2015