He says that thanks to the loan that was granted by FODEMI, he was able to buy and plant 2,000 cacao plants on his land, which is very fertile. He hopes that in the harvest he will be able to sell 20 ‘quintales’ [a quintal is approximately 100 pounds] of cacao every two weeks. This whole process occupies four workers daily.
His goal is to increase his crops, to give work to more people, and to increase his income in order to continue supporting his son’s education so that he will become a good professional.
More information about this loan
This loan is part of FODEMI’s effort to reach vulnerable populations located along Ecuador’s frontier with Colombia. This region generally lacks access to financial services and is populated by many Colombian refugees seeking asylum from guerrilla warfare. This loan is designed to help these vulnerable populations improve their lives and set up sustainable businesses.
About VisionFund EcuadorVisionFund 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.
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