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Francisco
Francisco is a tenacious person who is married and is 67 years old. He has 3 children, but only one is still a dependent. Francisco lives in the city of Ibarra, and is known to be a friendly and hardworking person. Cheerful and enterprising, Francisco has worked for more than 20 years selling newspapers in the city of Ibarra. This business has helped him to support his family.

Francisco is requesting a loan from FODEMI to invest in the purchase of newspapers, books, and magazines, because he currently has his own newsstand in the center of the city where he can sell these products. This investment will help Francisco to provide better service to his customers, and obtain more income for his household.

Francisco dreams of being able to finish his house, so that he can live there with his wife and son. He also wants to continue to support his son with his education so that he can become a professional.
View original language description ↓
Don Francisco es una persona luchadora, él tiene 67 años de edad es casado, tiene 3 hijos pero solo uno depende de Francisco, vive en la ciudad de Ibarra, Francisco se define como una persona de carácter amable, trabajador. Alegre y emprendedor, Francisco se dedica hace más de 20 años a la venta de periódico en la ciudad de Ibarra, siendo un negocio que le a ayudado a sacar adelante a su familia.
El crédito que Francisco solicita a FODEMI se lo invertirá en la compra de periódicos, libros, revistas ya que hoy tiene un local propio en el centro de la ciudad donde puede vender estos productos, esta inversión ayudara a Francisco a mejorar la atención a sus clientes y obtener mejores ingresos para su hogar.
Don Francisco sueña con lograr terminara su casa para vivir junto a su esposa y su hijo, y seguirle apoyando a su hijo en los estudios para que logre ser un profesional.

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

  • $10,600
    Average annual income
  • 96
    View loans »
    Ecuador Loans Fundraising
  • $24,095,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Francisco to buy magazines, newspapers and books to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2013
Listed
Jan 17, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 26, 2014