Manuel is 33 years old and lives in the city of Cotacachi in northern Ecuador. He is married and lives with his wife and their five children aged twelve, ten, seven, six, and two years, respectively. Manuel describes himself as hardworking, humble, and simple. He works with his wife and her cousins at his business making cement blocks.
Manuel reports that the business is going well and that they are currently selling 4,000 cement blocks a month. He is seeking his first loan to buy a machine to make blocks more efficiently and easily. He hopes that the loan will improve his quality of life and give them the ability to produce more cement blocks. In the future, he would like to have a larger store to sell the cement blocks and own a hardware store.
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.