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El Cuerval Group
In this Group: Neli Flora, Juan Carlos, Rosario, Juan De Dios, Yissela Gabriela, Luis, Otilio Cesar, Neli Patricia
Rosario is 59 years old and lives with her husband. 11 of her 12 children are married, and the youngest lives with one of her sisters in Guayaquil, who she supports with education expenses. Her husband is a fisherman and works every day in his old canoe and with his deteriorating net. Rosario takes care of the home and breeds chickens in the backyard. This is her second loan from FODEMI, and this time she is requesting $900 dollars to buy 200 chickens, vitamins, and animal feed to breed the chickens. When she then sells them she will be able to repay her loan and make a profit.

Rosario suffers from rheumatism. She invested her previous loan in the same activity, but then had a health emergency which impeded her from carrying out her plan. But with her and her husband’s effort, she was still able to repay her loan. With this new loan she will buy 200 chicks, animal feed, corn, vitamins, sawdust, incandescent bulbs, and wires for power. She will also adapt the shed for the new chickens, and leave a small portion of money to save for the payment of the first installment.

She sells the fish from her husband in La Tola, but it is not much, and most times there is no more to sell after the couple has eaten some. Her current wish, if she receives a little more money, is to sell soft drinks, since people consume a lot of carbonated drinks bought at the outskirts of town. She thinks that if she sells them in town she will have better income. there will sell better income.

She thinks that FODEMI’s arrival is a blessing, because the loan process is quick and interviews are conducted in her town. She is very grateful that the lenders are helping the forgotten areas where there are many poor people.
View original language description ↓
ROSARIO. Tiene 59 años de edad vive con su esposo. 11 de sus 12 hijos ya tienen compromiso y el último vive con una de sus hermanas en Guayaquil, quien le apoya con los gastos de estudios.
Su esposo es pescador y realiza su actividad todos los días en su vieja canoa y su deteriorada red.
ROSARIO es ama de casa y en el patio de su casa cría pollos. Es su segundo préstamo en FODEMI y en esta ocasión recibirá $900,00 dólares con los que comprará 200 pollos vitaminas y alimento balanceado para la cría de las aves y con las ventas poder pagar las letras del crédito y obtener ganancias.
ROSARIO sufre de reumatismo, ella invirtió el capital del crédito anterior en la misma actividad pero se le presento una urgencia de salud y no fue posible obtener mejores resultados. Pero con el esfuerzo propio y de su esposo, no descuidó los pagos de l crédito.
Con este nuevo crédito comprara 200 pollitos, balanceado, maíz, vitaminas, aserrín focos incandescentes y cables para la energía. También adecuara el galpón. Dejara un pequeño monto de dinero para ahorro para el pago de la primera cuota.
El producto de la pesca de su esposo, la venden en La Tola, ya que no es mucho y la mayoría de veces solo es para la comida.
Sus deseos ahora que recibe un poco mas de dinero. Es vender bebidas refrescantes de consumo familiar ya que la gente consume mucho las bebidas gaseosas que se compran en las afueras del pueblo. Cree que vendiendo allí tendrá mejores ingresos.
Siente que la llegada de FODEMI es una bendición ya que en entregar el crédito no se demoró mucho y nos hacen las entrevistas en nuestro pueblo.
Agradecemos mucho que tomen en cuenta a los sectores olvidados donde hay mucha gente pobre.

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

  • $10,200
    Average annual income
  • 23
    View loans »
    Ecuador Loans Fundraising
  • $22,885,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A portion of El Cuerval Group's $7,200 loan helped a member to buy 200 chicks, animal feed, corn, vitamins, sawdust, incandescent bulbs, and wires for power. She will also adapt the shed.
39% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2014
Listed
Jul 22, 2014
Currency Exchange Loss:
N/A