Moda Y Lujo Group
Blanca’s dream is to have a large business premises where she herself makes and sells clothing and is thus able to continue helping in the house and together with her husband manage to give the best education to her children so that they become professionals.
The loan requested from Fodemi is to be able to continue buying more clothing merchandise since in these days of the Christmas season they sell a lot and thus they can continue growing as small businesswomen.
El sueño que Blanca tiene es tener un local comercial grande, donde ella misma confeccione y venda la ropa, y asi poder seguir ayudando en la casa y junto a su esposo lograr darle el mejor estudio a sus hijos para que logren ser profesionales.
El prestamo que solicitaron a Fodemi es para poder seguir comprando mas mercaderia (Ropa), ya que en estas fechas de navidad se vende mucho y asi podemos seguir creciendo como microempresarias.
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