Daniela is 19 years old and lives in Ibarra, Ecuador. She is single and lives on her own with her four-year-old daughter. Daniela is a sociable and friendly person. She recently began her own small business selling Yanbal, a brand of cosmetics products that are sold by individual women entrepreneurs across the country. She wants to expand the amount of products she is able to offer though Yanbal and is seeking this microloan to purchase more cosmetics for resale. This is her first loan and she hopes it will increase the products she sells and add to her well-being and the well-being of her family. In the future, she hopes to own a Yanbal 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.