Margarita has a store in which her family works because it is the only source of family income to support their expenses. This is the first time she is getting a loan from FODEMI. This loan will be invested in buying various products for her store because during the Christmas season sales and income go up. This is why she wants to take advantage, because it will directly benefit her family, improving their quality of life.
Margarita's dream is to be able to export products and for her children to learn the business since it can generate good profits for them.
Margarita tiene una tienda, en la cual trabaja su familia ya que es la única fuente de ingreso de su familia para sustentar sus gastos. Es la primera vez que realiza un crpedito en Fodemi, este crédito va a ser invertido en la compra de productos variados para su tienda ya que en la temporada de navidad incrementan las ventas y los ingresos es por eso que quiere qprovechar ya que directamente beneficiará a su familia mejorando su calidad de vida.
El sueño de Margarita es poder exportar productos y que sus hijos aprendan del negocio ya que les puede generar buenas utilidades.
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