Manuel is 42 years old. He is from Colombia and lives in the city of Tulcán, Ecuador, along the Ecuador-Colombia border. He is single and lives with his family which includes two children, aged nine and 13. Manuel is a happy person of strong character. He is reliable and, above all, a very responsible parent.
Manuel runs a store where he sells music CDs and movies. He began his business with a small stall at the entrance to the central market of Tulcán with a borrowed tape recorder and a small amount of CDs. Thanks to a previous loan from FODEMI, he purchased his own tape recorder and more CDs. “Now I can say I have my own business,” he reports. His business is going well because it is his own and he has many customers.
Manuel is requesting a loan to buy more merchandise for his store. He is thankful for his loans because they have opened many doors for him and he has been able to prosper. Manuel is especially thankful because no other institution would give him credit because he is Colombian. His past loans have helped him increase his income. His dream is to expand his business to give him the ability to forge a better future for his children.
In this photo, Manuel is wearing a blue shirt and is posed with two of his customers.
About FODEMI, a partner of World Vision International
FODEMI 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.