Total loan: $5,000

Virgen Del Carmen Group

Flag of Ecuador
BORBON, Provincia de Esmeraldas, Ecuador / Agriculture

Virgen Del Carmen Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to buy chickens and a balanced diet.

Virgen Del Carmen Group's story

The "Virgen del Carmen" group is formed by ten people who have a variety of businesses. Among its members is Delfina, who has made a living by raising and selling chickens for the last six years. She has run her business with a lot of love and dedication. Thanks to this work, she has been able to provide support for her children's education as well as daily sustenance for her home. It was very difficult at the beginning; the chicks died because she hadn't made the patio of her house an appropriate space for them. The chickens were lost and that created losses. Little by little she closed up the patio and organized a place for the chicken coop.raising chickens. When the chickens are ready (6 weeks), she sells them in the stores in her town, and with these resources she buys more small chickens. She wants to expand the chicken coop and work on raising 300 chickens per month. With this she will increase her earnings and improve her income to pay off her loan and With this loan, Delfina will invest in buying chickens and a balanced diet in order to improve her business to cover her needs. ADDITIONAL INFORMATION Each member of the group receives $500.00. They meet monthly to make payments on the loan.