María is 37 years old, married and has 6 children. She lives with her family in Latacunga. María is described as hard working and honest.
She works with her family in raising pigs. This is her first time working with FODEMI and the loan is for the expansion of their pork butchery business so that their animals have more space.
Her dream is to keep working in the future to buy more pigs and increase sales and revenue.
María tiene 37 años es casada y tiene 6 hijos, vive en Latacunga con su familia. Se describe como una persona muy trabajadora y honesta.
Trabaja con su familia en la crianza de cerdos. Es la primera vez que trabaja con FODEMI y el crédito es para la ampliación de sus chancheras para que sus animales tengan mayor espacio.
Su sueño es seguir trabajando para en un futuro comprar más cerdos y poder incrementar sus ventas e ingresos.
About VisionFund EcuadorVisionFund 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.
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Success!! The loan was 100% repaid