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Los Progresista Group
In this Group: Paco, Saira, Domingo Wagner, Solanyi Stefania, Yigna Maria, Neivis Liliana, Katty Vanessa, Angel Alfonso, Leonardo Flavio
Solanyi is 24 years old and lives with her two daughters, 8 and 6, who attend classes normally. Thirty months ago, her husband died in an accident. She lives in Borbon and for two years she has had a small business selling food, which has helped her pay the expenses for the studies, health and food for her daughters.

This is her first loan in FODEMI and she is sure she her business will grow because she will buy a small stove, a canopy, two tables and eight chairs. With these items, she will be able to offer more comfort to her clients.

She used to cook with firewood or charcoal for which she often had to pay large sums of money to acquire.

She comments that it was a bit difficult to recover from the loss of her husband since it affected her daughters so much.

Solanyi wants to have her own house in five years where she can place her business in a more comfortable fashion and offer a better space for her daughters. She wants to help them in a university course of study so they can become professionals and achieve a better lifestyle.

Additional Information:
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This is a group composed of nine people who each have independent businesses. It is their first loan in FODEMI and they each receive the quantity of $500,00 dollars.

They are grateful to the management of FODEMI because they reach out to clients in the most remote communities and offer them an opportunity to grow in their business.

With these loans, many people change their way of life because it revives the hope that they can serve their town with the opportunity of their business.

The person with the raised hand in the picture is the leader of the group.
View original language description ↓
SOLANYI. Tiene 24 años vive con sus 2 hijas de 8 y 6 años que asisten normalmente a clases. Hace 30 meses murió su esposo en un accidente. Vive en Borbón y desde hace 2 años tiene un pequeño negocio de venta de comidas. Actividad que le ayuda a solventar los gastos de estudios salud y alimentación de sus hijas.
Es su primer crédito en FODEMI y desde ya está segura de poder crecer en su negocio por que comprara una cocineta, una carpa, 2 mesas y 8 sillas. Con estos materiales podrá brindar mayor comodidad a sus clientes.
Ella cocinaba con leña o carbón, donde muchas veces tenía que pagar elevadas cantidades de dinero para poder conseguirlo.
Comenta que fue un poco difícil recuperarse de la pérdida de su esposo ya que afecto mucho a sus hijas.
SOLANYI. Desea tener en un tiempo de 5 años su casa propia donde podrá instalar su negocio de una forma más cómoda y brindara un mejor espacio a sus hijas. Desea poder apoyarlas en su carrera universitaria para que sean profesionales y logren un mejor estilo de vida.
INFORMACION ADICIONAL.
Es un grupo conformado por 9 personas cada quien tiene negocio independiente, es su primer crédito en FODEMI y cada uno recibe la cantidad de $ 500,00 dólares.
Agradecen mucho la gestión que hace FODEMI por que llega a los clientes en las comunidades mas lejanas y brinda la oportunidad de crecer en su negocio.
Con estos créditos. Mucha gente cambia su forma de vivir por que revive la esperanza servir a su pueblo con la oportunidad de su negocio.
Quien levanta la mano en la imagen es la líder del grupo.

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

  • $10,600
    Average annual income
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $24,158,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A portion of Los Progresista Group's $4,500 loan helped a member to buy a small stove, a canopy, two tables and eight chairs. With these items, she will be able to offer more comfort to the clients in her restaurant.
93% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 7, 2014
Listed
Jul 14, 2014
Currency Exchange Loss:
N/A