Lourdes is 54 years old and lives in Ibarra, Ecuador. She is divorced and lives with her three children. Her oldest daughter is 13 years old, her son is three years old, and her youngest daughter is two months old. Lourdes is a humble person. To support her family, she runs a store and paints ceramics to sell in the market. Lourdes began her business bit by bit. First, she sold toilet paper and sanitary napkins door-to-door. Later, she started selling eggs. Eventually, she opened a storefront and has been continuing to slowly expand her business. Lourdes reports that her sales are currently down due to school vacations but she has a good business because she has the only store on the block.
Lourdes is requesting a loan to stock her store with rice, sugar, noodles, lentils, toilet paper, and soft drinks and to purchase ceramics to paint. This will be her first loan. In the past, she was afraid to put herself in debt. Now, as her businesses have grown, she is confident she can repay her loan. Lourdes believes this loan will help her move forward with her children. Her dreams are to have her own land to build a house and live with her children and to have a larger store with a freezer and more windows.
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.