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Margarita's Group
In this Group: Margarita, Laura, Laura
Margarita's Group is a group of three women responsible for their families and work. Margarita is the president of this group because she is a strong woman, very much a fighter, proactive, kind. She also likes to improve her lifestyle every day. Margarita is the mother of a family. She lives with her husband and four children in the city of Cayambe, which is located a half hour from Otavalo.

Margarita has a store in which her family works because it is the only source of family income to support their expenses. This is the first time she is getting a loan from FODEMI. This loan will be invested in buying various products for her store because during the Christmas season sales and income go up. This is why she wants to take advantage, because it will directly benefit her family, improving their quality of life.

Margarita's dream is to be able to export products and for her children to learn the business since it can generate good profits for them.
View original language description ↓
Margarita's group es un grupo de tres mujeres responsables por sus familias y trabajo, en este grupo la presidenta es Margarita ya que es una mujer fuerte, muy luchadora, proactiva, amable además le gusta mejorar cada día su estilo de vida. Margarita es madre de familia, vive con su esposo y cuatro hijos en la ciudad de Cayambe que se encuentra a media hora de Otavalo.

Margarita tiene una tienda, en la cual trabaja su familia ya que es la única fuente de ingreso de su familia para sustentar sus gastos. Es la primera vez que realiza un crpedito en Fodemi, este crédito va a ser invertido en la compra de productos variados para su tienda ya que en la temporada de navidad incrementan las ventas y los ingresos es por eso que quiere qprovechar ya que directamente beneficiará a su familia mejorando su calidad de vida.

El sueño de Margarita es poder exportar productos y que sus hijos aprendan del negocio ya que les puede generar buenas utilidades.

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
  • 43
    View loans »
    Ecuador Loans Fundraising
  • $26,542,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Margarita's Group's $1,200 loan helped a member to supply her store with various products to get good Christmas sales.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 15, 2011
Dec 21, 2011
Currency Exchange Loss:
Jul 15, 2012