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Genesis Group
In this Group: Lourdes Margarita, Amalia Teresa, Sonia Yanet, Maria Elizabeth, Gloria Mavel, Nathalie Vanessa*, Jenny Yesenia, Alexandra Elizabeth, Gustavo Eulises, Marjorie Yimabel
* not pictured
Amalia previously made her living selling shellfish. She changed jobs because of the fatigue caused by traveling to the communities where she would buy the shellfish and then bringing it to Ibarra to sell in the market.
Amalia is now 42-years old. For the last two years, she has run a store in San Lorenzo, The store is doing very well and Amalia is enjoying a large clientele in spite of not having a very large store. She keeps the store well-stocked with a variety of consumer goods.
Amalia has three children. Her eldest has his own commitments, and the other two attend school regularly.
Amalia says that she's known the other members of her communal bank for a number a years. They have all shown a high level of responsibility in repaying their loans. She, herself, has been a part of FODEMI for four years. She hopes to grow in her business so she can keep offering her children an education.
At this time, Amalia will receive $750. She will use the loan to purchase a refrigerator to preserve her store's cold cuts, cheeses, meats, sodas and natural juices for a longer period of time.
In addition, she wants to open a small dollar store to sell school supplies, as that is what the students are always looking for. This is a way she can offer her community more and better preserved products.
Amalia extends her gratitude to the institution for offering people in the neediest and most isolated places the opportunity to transform their lives, especially the children.
View original language description ↓
Amalia, anteriormente se dedicaba al comercio de mariscos, y cambio de actividad por el cansancio que ocasionaba el viajar a las comunidades a comprar el marisco para luego llevarlo a Ibarra para su venta en el mercado.
Hoy Amalia tiene 42 años de edad. Y desde hace 2 años tiene una tienda en San Lorenzo, donde le va muy bien por que goza de buena clientela y a pesar que su tienda no es muy grande. Ella la mantiene bien surtida con una variedad de productos de consumo masivo.
Tiene 3 hijos. El mayor ya tiene su propio compromiso y los otros 2 asisten regularmente a clases.
Menciona conocerse desde hace varios años con sus compañeros de grupo, quienes han mostrado un alto grado de responsabilidad en los pagos del crédito. Ella se apoya con FODEMI desde hace 4 años y espera crecer en este negocio para continuar brindando el apoyo en educación a sus hijos.
En esta ocasión Amalia recibirá $750 dólares; con los que comprará una refrigeradora para conservar por más tiempo embutidos, quesos, carnes, gaseosas y jugos naturales.
A demás desea implementar un pequeño bazar con material escolar que es lo que buscan mucho los estudiantes.
de esta forma brindara a sus comunidad mas productos y bien conservados.
Amalia. Extiende el agradecimiento a esta institución por que brinda la oportunidad de transformar la vida de las personas en especial de los niños en los lugares más necesitados y apartados.

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.


About Ecuador

  • $10,600
    Average annual income
  • 41
    View loans »
    Ecuador Loans Fundraising
  • $26,541,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Genesis Group's $8,150 loan helped a member to purchase a refrigerator to preserve her store's products and to open a small dollar store to sell school supplies, which is what the students are always looking for.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 17, 2014
Jun 25, 2014
Currency Exchange Loss:
Jul 17, 2015