Martha works with her husband and her sisters. They produce clothing, so she is requesting a loan from FODEMI in order to buy raw materials, such as fabric, so that she can increase production and improve her quality of life. By improving her sales and generating more income at the same time, Martha will be able to maintain her family. She started this business with only one sewing machine and has gradually increased her business.
Her dreams include seeing her family do well and growing her business so that it has reaches an outstanding level of productivity.
Martha trabaja con su esposo y sus hermanas en la confección de ropa es por eso que solicita a Fodemi un crédito para la compra de materia prima como es la tela que le ayudará a incrementar su producción y así mejorar su calidad de vida obteniendo mejores ventas y de al mismo tiempo buenos ingresos que le servirán para mantener a su familia. Inició su negocio con una sola máquina de cocer y poco a poco a ido incrementando su negocio.
Su sueño es estar muy bien con su familia y que su negocio siga creciendo para así poder tener una gran productividad.
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