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Paul's Group
In this Group: Paúl , Carmen Verónica, Segundo Alejandro
Paul's Group is made up of three people: Paúl, Carmen and Segundo; Paúl is the president.

Paúl is 22 years old, single with no children and lives in Cayambe (close to Otavalo) with his parents. He is considered a very hardworking, determined and responsible person with a very flexible character, and he is friendly with everyone. He works with his father buying and selling scrap metal. He began a year ago working from home; he had a small amount of scrap metal in his house and a man told him to sell it, and from there the idea arose to enter into business buying and selling scrap metal.

It's the first time he's worked with FODEMI. He asked for the loan to buy scrap metal which he will resell to find money for himself and his family. He will continue working with FODEMI to grow his business. His dream is to maintain his company and sell the scrap metal to the main processing plant which buys this material, and to grow together with FODEMI.
View original language description ↓
Paul's Group está conformado por tres personas, Paúl, Carmen y Segundo en el cual Paúl es el presidente.

Paúl tiene 22 años es soltero vive en cayambe (cerca de Otavalo) con sus padres y no tiene hijos, Se considera una persona muy trabajadora, luchadora responsable con un caracter muy flexible y es amigable con todos.

Trabaja en la compra-venta de chatarra con su padre, inició hace un año en su casa, tenía un poco de chatarra y un señor le dijo que le vendiera y ahi surgió la idea de entrar al negocio de compra venta de chatarra.

Es la primera vez que trabaja con FODEMI, solicitó el crédito para comprar chatarra y volver a revender y así buscar ingresos para el y su familia, seguiran trabajando con FODEMI para que su negocio crezca, su sueño es mantener a su empresa y vender la chatarra a la planta matríz que compra este producto y crecer juntos con FODEMI.

Additional Information

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
  • 33
    View loans »
    Ecuador Loans Fundraising
  • $26,710,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Paul's Group's $1,000 loan helped a member to buy scrap metal.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Jul 20, 2011
Aug 10, 2011
Currency Exchange Loss:
Apr 15, 2012