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Maria Elena
Maria is a woman who is loving with her family and responsible at her job. She is married and has two children. She lives with her family in the Guamote community, which is found 45 minutes from Riobamba in the Chimborazo province.

Maria and her husband work making cheeses, but they need to expand, since the place where they work is very cramped. This is why they are getting their second loan with FODEMI, which they will use for the expansion of their place of work, buying shelves where they can mature the cheese. This investment will help Maria be able to produce a larger quantity of cheese so that she can sell more and make more income. She is also learning about how to make specialty milk products, like yogurt.

Maria's dream is to have a small business so that she can distribute her products wholesale.
View original language description ↓
María es una mujer amorosa con su familia y responsable en su trabajo, es casada y tiene 2 hijos, vive con su familia en Guamote comunidad que se encuentra a 45 minutos de Riobamba en la provincia del Chimborazo.

María junto con su esposo trabajan en la producción de quesos, pero tienen la necesidad de crecer ya que el lugar donde trabajan es muy estrecho, es por eso que realiza su segundo crédito en Fodemi, el mismo que va a utilizar en la ampliación de su lugar de trabajo, comprando estanterías para madurar los quesos, esta inversión ayudará a que María pueda producir mayor cantidad de quesos para que pueda vender mas y obtener mejores ingresos económicos. También está emprendiendo en la producción de manjar de leche, yougurt.

El sueño de María es tener una microempresa para poder distribuir al por mayor sus productos.

Additional Information

About VisionFund Ecuador

VisionFund Ecuador 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

  • $10,600
    Average annual income
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $25,071,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Maria Elena to expand her place of work, buying more shelves on which to mature the cheeses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 24, 2011
Dec 16, 2011
Currency Exchange Loss:
Dec 15, 2012