Maria Carmelina Quinde Jadan

Thank you for your loan. It has been disbursed to MARIA CARMELINA QUINDE JADAN by Fundación ESPOIR in Ecuador. We are excited to watch this business grow. Over the 5 months of this loan, Fundación ESPOIR will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

I saw Maria briefly on Thursday afternoon before the biweekly meeting of her village bank, the Mujer y Fortaleza Group. Maria came early to give her payment to her loan officer, Karina, then returned home because she wasn’t feeling well enough to sit through the meeting. Unfortunately, Maria’s health has deteriorated since she received her Kiva loan a few weeks ago. She is having trouble moving her hands because of the combined effects of the stroke and rheumatism. She is doing some exercises to try and recover full movement of her hands.

She has visited a doctor for her condition, who gave her a prescription for penicillin, but she isn’t receiving any more specialized treatment for her ailments. Karina is trying to convince her that she needs to go see another doctor in Cuenca, before her health further deteriorates.

Maria’s children are planning to help her make her loan payments on time; yesterday’s installment was paid in full. She didn’t want a new photo taken for this journal update, so instead I’ve included a picture of the view from the community of Turi, where Maria's group lives and holds its meetings.

Note: Because of the delay between the date when payments are made to Fundación ESPOIR and the date when these payments are reported and wired to Kiva, it may take up to six weeks for this repayment to be deposited into Kiva lenders’ accounts. Please be patient!

Dear Lender,

As you may know, all Kiva loans are actually administered by local field partners. For the past couple of months, I have been working as a Kiva Fellow with Fundación ESPOIR, a brand new Kiva field partner. Over the course of the summer, I’ve had the privilege of meeting Espoir’s first batch of Kiva borrowers and hearing their stories.

A couple of the most memorable stories I heard were from two young women who are using loans to help run their small businesses while also pursuing their education. The first, Verónica Acurio, worked for years in her parents’ restaurant before deciding to open a restaurant of her own. She now has her own restaurant and uses the profits to pay for medical school. She has one year of studies left before becoming a full-fledged doctor. Despite her impressive accomplishments, Verónica is very down to earth and not at all boastful. Before her Kiva interview, most of her fellow group members didn’t even realize that she is a medical student.

Another Kiva client, Ana Lucia Chapa, lives in the rural community of Turi with her husband and her four-year-old son. Monday through Friday, she makes the long commute to and from the city of Cuenca, where she works full-time as a housekeeper. She also raises guinea pigs, sheep, and cows at home for extra income. Ana Lucia dropped out of school when she was 14 to start working so that she could help support her family, and so she never finished high school. After she got married, though, she decided that she wanted to be a veterinarian, and started going to school on the weekends to earn her high school diploma. She still has eight or nine years of education ahead of her before she can officially become a veterinarian, but she has a great attitude and is determined. Her family has been supportive and her parents and in-laws help take care of her son while she works and studies.

Both Veronica and Ana Lucia are 23 years old, just like me. When I heard their stories, I was impressed that they could juggle so many responsibilities simultaneously and overcome such daunting obstacles in pursuit of higher education, which is more than I can say for myself. Both are cheerful and upbeat despite the difficulties they face and the long hours they put in, seven days a week. I hope to return to Cuenca ten years from now and find them both in white coats, running their own successful businesses of another sort.

Kiva clients aren’t the only people at ESPOIR with inspiring stories of upward mobility. I’ve also had the privilege of meeting staff at ESPOIR’s headquarters and four different branch offices. All received me warmly and touched me with their hospitality and generosity, but I was particularly impressed by a handful of female ESPOIR loan officers who were once village bank clients themselves. For these women, becoming loan officers is an important step forward in their lives. They find the work difficult but also quite gratifying, and are happy to be helping clients because they know how it feels to be a small-scale entrepreneur in need of business capital.

It has been exciting and inspirational to see success stories like these during my fellowship with Fundación ESPOIR. I hope you continue to support Ecuadorian entrepreneurs through ESPOIR!

To search for currently fundraising ESPOIR loans on Kiva, click here . No currently fundraising clients? Please check back soon! In the meantime, you can join ESPOIR’s Kiva Lending Team.

Best regards,

Cynthia McMurry

Kiva Fellow