Progresista Ricaurte Group
Rosi has been receiving loans through the Fodemi insititution for three years and says she decided to change businesses because her store was not profitable. Now she sells domestic and automobile fuel (bottles of gas and gasoline by the gallon).
She acquired permits for the business which is going very well because the products do not expire. On this occasion, she will receive a loan of $950 to buy gasoline and domestic gas to sell to people in the community, who have a hard time obtaining these products.
Rosi is doing well and is grateful to the institution for this opportunity which offers people in remote, impoverished areas to transform their lives through their business ideas by supporting them through loans.
Su esposo es empleado de una empresa en Quinindé y se dedica a la reforestación de madera.
ROSI. Viene trabajando con los préstamos de Fodemi desde hace 3 años y nos comenta que ha cambiado de negocios por qué tener una tienda no era rentable en la localidad. Razón por la cual hoy mantiene el negocio de venta de combustibles de uso doméstico y automotriz. (Botellas de gas y gasolina por galones.)
Nos comenta haber adquirido los permisos para este negocio y ve que es muy bueno. Porque el producto no caduca.
En esta ocasión ella recibirá en su préstamo $950,00 dólares con los cuales adquirirá gasolina y gas doméstico para brindar la facilidad de conseguir estos productos a las personas que habitan en la comunidad. Por ser el único lugar en la comunidad que vende estos productos. A ROSI le va muy bien y está contenta con esta institución por la oportunidad que ofrece a la gente pobre de los lugares más apartados transformar su vida a través de sus ideas de negocio y el apoyo económico a través de los créditos de esta institución.
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 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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This loan has been fully funded!