Jaime reports that business is going well. He is seeking a loan to purchase materials to make shoes. Jaime has been working with microloans for eight years and says that they have helped him improve his house and send his children to school. His dream is to have his own brand of footwear.
About FODEMI, a partner of World Vision InternationalFODEMI 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.
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