Stories tagged with Ecuador

Jan 1, 2011 AM Armenia

By Kiva Fellows, Various corners of the globe

Around the world, Kiva Fellows are celebrating the start of 2011 in all sorts of different ways. Here’s what some KF13-ers are doing to ring in the New Year.

Enjoy and Happy 2011!

Ellen Willems, Ecuador

Ecuadorians, as I was told, celebrate the coming of the New Year, and more importantly the going of the “Old Year” by making “monigotes”. These are dolls made of old clothes, stuffed with newspapers or sawdust and sometimes with fireworks as well. They have masks made of papier...

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Dec 12, 2010 EC Ecuador

By Ellen Willems, KF13, Ecuador.

Ecuador has only two seasons: summer or dry season and winter or wet season. Right now it is winter and it rains almost every day. For the loan officers at Cooperativa San José this rain equals mud and a lot of it. To meet the poorest and most remote borrowers these loan officers spend many challenging hours on their motorcycles navigating bad roads, and, on rainy days, getting wet and covered in mud.

They do this to meet with the members of the “Ventanillas Rurales” (Village Banks). This is a special loan product Cooperativa San José offers...

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Dec 12, 2010 EC Ecuador

By Ellen Willems, KF13, Ecuador

On November 22nd the Tungurahua volcano, located in the central mountains of Ecuador, started to expel ashes and on December 4th a major eruption forced the farmers living in the area to leave. The Tungurahua volcano (Tungurahua meaning “throat of fire” in Quichua) has been active since 1999. Aurélie Dagneaux, a previous Kiva Fellow working at Cooperativa San José, wrote an interesting blog entry on the consequences of this activity for the people living and working in the affected areas.

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Nov 11, 2010 EC Ecuador

By Ellen Willems, KF13, Ecuador

Ecuadorians who dare going out onto the public streets this Sunday November 28th or who risk drinking alcoholic beverages between Saturday 27th and Monday 29th face sanctions ranging from two to four days in prison or fines from $7 to $15. 

The reason for these measurements is the 7th Ecuadorian Census conducted by the Ecuadorian Institute for Statistics and Census (INEC) on Sunday November 28th between 7am and 5pm.

On this day more than 360,000 students will visit all the houses of all the Ecuadorians...

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Nov 11, 2010 EC Ecuador

Earlier this year MFTransparency.org, an international non-governmental organization committed to pricing transparency, launched its Transparent Pricing Initiative in Latin America.  The data collected in Ecuador will be presented during a conference in Quito on November 30th.

Awaiting this event, let us look at the laws and regulations currently in effect in Ecuador.  Compared to other countries in the region, Ecuador’s Central Bank developed a strong regulatory framework concerning microfinance policies and pricing (source):

  • Financial institutions can only...
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Nov 11, 2010 EC Ecuador

By Tara Capsuto, KF12 Ecuador / KF 13 Kenya

Kiva is ultimately about people: lenders helping borrowers, borrowers helping themselves, and the staff at MFIs and Kiva who make it all happen. As other Fellows have commented before, one of the many humbling aspects of a Kiva Fellowship is the extent to which people reach out to help. One of the most frequent reactions I got in the field was, “You’re traveling and working completely on your own?!” I would answer that, “Technically, yes, I am.” But, as you’ll see, I wasn’t really alone. Here’s a little window...

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Oct 10, 2010 EC Ecuador

by Tara Capsuto, Kiva Fellow, Ecuador

Armed with training materials and a couple of motivational video messages from staff members at Fundación D-MIRO Misión Alianza, D-MIRO’s Kiva Coordinator, Rubi, and I left behind the bustling commercial hub of Guayaquil for the coastal city of General Villamil Playas. Our mission:  train loan officers for Kiva responsibilities, from understanding how the website works, to conducting interviews and journaling so D-MIRO can post more borrowers to Kiva. Here’s a short description and a video chronicle of our journey, which included some delicious...

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Sep 9, 2010 EC Ecuador

By Tara Capsuto, KF12, Ecuador

Taking a picture of a Kiva borrower sounds easy enough, right?  Snap a picture at his or her business, shrink the photo size, and upload to the Kiva website. Three easy steps. That´s what I thought before I had the chance to see how very challenging this seemingly simple task can be.  As many Kiva Fellows can attest, there are actually lots of challenges to snapping that coveted profile picture, you know that one with the borrower doing their soon-to-be-Kiva-funded work, with good lighting and a big smile? It`s that picture that makes you want...

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Sep 9, 2010 EC Ecuador

By Kelsey Quam, KF12 Ecuador

The agricultural work of cacao farmers of the rural loan group ¨Progreso Comunitario¨(¨Community Progress¨) in the subtropical region of Ecuador is not easy. They laugh when asked how they spend their free-time– agriculture is a full time job. Lately, farmers have been griping about pests called “mal de machete” and ¨escoba bruja¨ that have destroyed a large part of the cacao harvest this year. In addition, heavy rains have stripped cacao plants of their red color and have left them black. Members of ¨Progreso Comunitario¨ look to Kiva loans as a...

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Sep 9, 2010 EC Ecuador

By Tara Capsuto, KF12, Ecuador

Since it’s back to school month at Kiva I thought I’d take the opportunity to spotlight the role of education in microfinance. Microfinance alone is not a silver bullet to eradicate poverty. To be most effective, microfinance must be part of a broader schema of social and economic development. Providing education to microfinance clients on topics ranging from marketing to reproductive health is one of the key ways in which microfinance institutions (MFIs) can serve the broader needs of their clients. Let`s take a look at...

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