Elsa is 46 years old and lives in San Lorenzo in the Esmeraldas Province in northern Ecuador. She lives with her husband and her five children, aged 16, 11, 6, 4 and 1 year old. She considers herself to be a very humble woman, who is affectionate with her children and likes to help her husband with what she can around the house.
She works in a small shop that does not have much merchandise because she does not have the money to buy the necessary products.
This is her first time applying for a loan through FODEMI. The loan she is requesting is to buy merchandise, as she wants to stock up her store with all kinds of food.
Her dream is to grow her store, and to see that she has everything she needs to have her store and so improve her income, while improving the quality of life for her and her family with a good diet.
She also wants to provide her children with a good education for their children.
Elsa's Group esta conformado por 7 personas: 6 mujeres y 1 hombre grupo del cual Elsa es la presidenta.
Elsa tiene 46 años vive en San Lorenzo Provincia de Esmeraldas que esta en la zona norte de Ecuador, vive con su esposo y sus 5 hijos que tienen 16, 11, 6, 4 y 1 año de edad; se considera una mujer muy humilde y cariñosa con sus hijos y le gusta ayudarle a su esposo en lo que pueda en la casa.
Trabaja en una pequeña tienda que no tiene mucha mercadería porque no tiene dinero para comprar los productos necesarios, es la primera vez que le solicita créditos a FODEMI, el crédito que solicita es para la compra de mercadería porque quiere abastecer su tienda de todo tipo de vìveres.
Su sueño es ver crecer su tienda, ver que tenga todo lo necesario que debe tener una tienda y así mejorar sus ingresos, a la vez mejorar la calidad de vida de ella y su familia con una buen alimentación.
También quiere darles una buena educación a sus hijos.
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