She has been working alone in a grocery store for the last five years but her business hasn’t been able to grow because she sold the food on credit and was unable to recuperate quickly.
This is her first loan request to Fodemi. She will be able to use the requested loan to stock her store with a variety of products to stabilize economically and be able to provide her children with an education in the city.
Her dream is to give her children a good education in the city and to see her grocery store grow and also to have a large general store eventually.
Marcia vive en Alto Tambo muy cerca de San Lorenzo con su conviviente e hijos los cuales tienen 11 y 7 años, se describe como una persona que consigue lo que se propone y es bien responsable con la educación de sus hijos.
Trabaja sola en una tienda desde hace 5 años, pero su negocio no ha podido crecer porque daba los alimentos acrédito y no se pudo recuperar pronto.
Es la primera vez que le solicita créditos a FODEMI, con el préstamo que ha requerido va a abastecer su tienda con varios productos y así poder estbilisarse económicamente y poder dar la educación en la ciudad a sus hijos.
Su sueño es darles un buen estudio de colegio a sus hijos en la ciudad y crecer su tienda y llegar a tener asdemas de la tienda un bazar.
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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid