She works in farming and raising rabbits with her children and her daughter-in-law. Her work started 35 years ago.
This is the first time she’s worked with Fodemi. The loan she’s requesting will be used to buy rabbits, seeds and manure for her field. The loan will help her increase production and thus increase income and improve her quality of life.
Her dream is that her children get ahead and also that her business becomes a firm.
Trabaja en la agricultura en la siembra y crianza de conejos con sus hijos y la nuera, empezó su trabajo hace 35 años; es la primera vez que trabaja con FODEMI, el crédito que solicita es para la compra de conejos, semilla y abono para su terreno, este prestamo le ayudaría a incrementar su producción y de esta manera a incrementar los ingresos y mejorar sus calidad de vida.
Su sueño es que sus hijos salgan adelante y también quiere que su negocio se convierta en una empresa.
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