Gloria is 37-years-old and lives in Latacunga, Ecuador. She is married and lives with her husband and two children. Gloria has a strong character, her personality is friendly, and she is a hardworking and responsible person. Her business is in repairing and selling shoes. She is seeking a loan to increase her business and her income. In Ecuador, it is common for people to have their shoes repaired rather than replaced. Gloria will use part of her loan to purchase the supplies she needs to repair shoes. Additionally, she will use part of her loan to fix up part of her house to rent out as an apartment and further increase her family’s income.
Gloria began her shoe repair business twelve years ago. This is her first microloan from FODEMI. She hopes it will be a good support for her to finish fixing up the apartment and to achieve her other goals to increase her family’s income. Gloria’s dreams are to complete fixing up her house, to expand her business, and to increase her family’s quality of life.
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.