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Monica Piedad
Mónica is a person who is known for being calm, cheerful, and a hard worker. She has tremendous drive to succeed. Mónica is single and lives with her son in the city of Ibarra (La Esperanza), which is located in Imbabura Province.


Mónica invests great effort into her work since she is the only one providing for the household expenses and the education of her son. For this reason, she needs to invest in her business so that she can grow her clientele and generate more income. In the future, this will help to improve her son's quality of life.


The loan she is requesting from FODEMI will be invested in the purchase of combs, brushes, hair dryers, hair dyes, nail polishes, and a few furniture pieces that she lacks in order to provide good service to her customers. Mónica dreams of having a larger salon and assistants who can provide service to more people. As a result, she will be able to help her son move forward.

View original language description ↓
Mónica es una persona que se destaca por ser tranquila, alegre, muy trabajadora y tiene muchos deseos de superación. Mónica es soltera, vive con su hijo en la ciudad de Ibarra (La Esperanza) que se encuentra en la Provincia de Imbabura.

Mónica le pone mucho empeño a su trabaja debido a que tiene que sustentar sola los gastos de la casa y los estudios de su hijo, es por eso que necesita realizar una inversión para que su negocio crezca en cuenta a clientela como a ingresos económicos, que en un futuro ayudará a mejorar la calidad de vida de su hijo.

El crédito que solicita a Fodemi es para invertir en la compra de peinillas, cepillos, secadora, tintes para cabello, pinturas para uñas y algunos muebles que le hacen falta para brindar un buen servicio al cliente.

Mónica sueña en tener un salón de belleza grande, con ayudantes para brindar su servicio a mas personas y con esto sacar adelante a su hijo.

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
  • 11
    View loans »
    Ecuador Loans Fundraising
  • $22,535,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Monica Piedad to buy combs, brushes, hair dryers, hair dyes, nail polishes, and a few furniture pieces.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 27, 2012
Listed
May 22, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 29, 2013