Heat 1 Tablespoon of olive oil in a Dutch oven over medium heat.
Add the ground beef and cook until browned, about 8 minutes.
Add the chopped bell pepppers and onion to the ground beef.
Cook over medium heat until vegetables soften, about 5 minutes.
Then, add in minced garlic cloves and saute for 1 minute.
Add the tomatoes, tomato sauce, chicken broth, thyme, and cilantro. Season with the salt and pepper to taste.
Heat soup until boiling, then turn down to simmer
Cover pot and allow the soup to simmer for about 30 minutes or until the peppers are tender.
While the soup is simmering, prepare 2 cups of white rice according to directions.
When soup is done, add the rice and stir until well combined.
Serve hot and garnish with the fresh chopped cilantro if desired.