Rosa is 29 years old and lives in the city of Otavalo in northern Ecuador. She is married and lives with her husband and their children. Her children are aged nine and four.
Rosa is a serious person. She is also hard-working and responsible. In her business, she makes children’s pajamas. She began her own business three years ago with the intention of working to support her children while being able to keep them by her side as she worked. This is Rosa’s first loan and she will use it to invest in cloth for her business. She hopes that the loan will help her to economically provide for the well-being of her children. In the future, Rosa wants to expand her business and employ others.
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.