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Marco Antonio
Marco is 23 years old, is single and has a one-year-old daughter. He lives in Ibarra and describes himself as a small businessman who wants to make progress.

He works by himself in his fast-food business, a business which he started with money that his mother lent him.

This is the first time he has sought a loan from FODEMI, which he will use to expand his fast-food stall, which will increase his customer base, bringing him more sales and greater income.

His dream is to open a chain of locations to increase his sales and be able to build a house for his family in the future.
View original language description ↓
Marco tiene 23 años es soltero y tiene una hija de 1 año vive en Ibarra, se describe como un microempresario que quiere salir adelante.

Trabaja solo en su negocio de comidas rápidas, negocio en el cual empezó con dinero que le prestó su mamá. Es la primera vez que le solicita créditos a FODEMI el mismo que utilizará para la ampliación de su puesto de comidas rápidas lo cuál incrementaría la afluencia de personas en su negocio que implica más ventas y más ingresos para el. Su sueño es poner una cadena de locales para incrementar sus ventas y poder en un futuro construir una casa para su familia.

Additional Information

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.

About Ecuador

  • $10,200
    Average annual income
  • 14
    View loans »
    Ecuador Loans Fundraising
  • $22,516,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Marco Antonio to expand his fast food stall.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2011
Listed
Sep 11, 2011
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012