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Rosa Elena
Rosa, 48, describes herself as a hard worker who is responsible for her family and eager to succeed in life. Rosa lives with her husband and two children in Otavalo.

Rosa works with her family making of shawls and blouses, which form part of the native Otavalo Indian dress. She has been working in this business for 20 years. She sells her merchandise at fairs, as she does not have permission to sell on the streets. Therefore Rosa has applied for a loan with FODEMI so that she can invest in the purchase of a stall to sell the clothes she makes and to obtain the necessary permissions, which will raise awareness of her products and enable her to earn a good income.

Rosa's dream is for her children to become professionals, and to improve the management of her business.
View original language description ↓
Rosa tiene 48 años, se describe como una persona trabajadora, responsable con su familia y con muchas ganas de triunfar en la vida. Rosa vive con su esposo y sus dos hijos en Otavalo.

Rosa trabaja con su familia en la confección de chalinas y blusas que son parte de la vestimenta de los indígenas de Otavalo, en este negocio lleva trabajando 20 años, su producción vendía en ferias lo que no le permitía vender ambulantemente por cuestión de permisos; es por eso que Rosa realiza un crédito en Fodemi para invertir en la compra de un puesto para vender sus prendas que confeccionan y para sacar los permisos que necesitan, lo que permitirá dar a conocer sus producciones y poder obtener buenos ingresos.

Rosa sueña que sus hijos sean profesionales y que administren su negocio de la mejor manera.

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

  • $10,200
    Average annual income
  • 53
    View loans »
    Ecuador Loans Fundraising
  • $23,490,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Rosa Elena to purchase a stall to sell the clothes she makes and to obtain the necessary permissions.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2012
Listed
Jul 29, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 6, 2013