Yajaira is 31 years old and lives in the city of Ibarra, in northern Ecuador. She is married but is living with her parents because, at the moment, she is separated from her husband. She has three daughters who are three, seven, and 12. Yajaira is a hardworking and responsible person who has a business selling cosmetics door-to-door. She began her business with a microloan from FODEMI that gave her the capital to begin working in the sale of beauty products. Yajaira reports that her business is going very well and that she has progressed and is happy with what she’s accomplished.
Yajaira is requesting a loan to purchase more cosmetics to sell. Past loans have helped her change her products and this flexibility has increased her earnings. In addition, she is also able to offer a longer period of credit for her customers, who pay in increments. Yajaira’s dream is to have her own local cosmetics shop so that she no longer has to walk door-to-door to make her sales.
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.