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Mónica
Mónica is forty-four years old and is described as a cheerful and hard-working person who is very positive in her posed objectives. Mónica is a single mother and has one seventeen-year-old daughter. She loves her daughter and wants to give her everything she needs.

Mónica works in making rubber products, a business that allows her to cover the home expenses like food, clothing, and her daughter's studies.

Mónica has been working with Fodemi for two years. The current loan she requests will be used to buy tractor tires; she will then remove the rubber and use it to make different products. This investment will help Mónica to be able to efficiently meet the demand that she presently has and thereby obtain a good income.

Mónica dreams of continuing to work in her business and to continue expanding her business to new places with her products. In doing this, she will be able to combine her incomes and construct her own house.
View original language description ↓
Mónica tiene 44 años, se describe como una persona jovial, trabajadora y muy positiva en sus objetivos planteados. Mónica es madre soltera tiene una hija de 17 años a la cual ama y quiere darle todo lo que necesita. Mónica trabaja en la realización de productos a base de caucho, negocio que le permite cubrir los gastos de su casa como alimentación, vestimenta y los estudios de su hija.
Mónica viene trabajando 2 años con Fodemi, el actual crédito que solicita es para para invertir en la compra de llantas de tractor para de ahí sacar el caucho y realizar los diferentes productos que Mónica realiza. Esta inversión ayudará a que Mónica pueda cumplir eficientemente la demanda que tiene en estos momentos y así obtener buenos ingresos.
Mónica sueña con seguir trabajando en su negocio y seguir ampliándose hacia otros lugares con sus productos y así poder reunir ingresos y poder construir su casa propia.

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
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,837,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mónica to buy tractor tires in order to then remove the rubber and make different products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Dec 28, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 19, 2014