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Sofia Paola
Paola is a determined woman. She's a widow who lives with her two three-year-old daughters. Paola tells that two years ago her husband had an accident and passed away. She fought hard and provided for her daughters, who were one year old. Paola is a travelling vendor of clothes and mattresses. She says that she started this business when Fodemi gave her her first loan. Paola is going to invest the money in the purchase of clothing goods to expand her business and keep working. With this business, Paola hopes to improve her business for the benefit of her daughters.
View original language description ↓
Paola es una señora perseverante, ella es una mujer viuda que vive con sus 2 hijas de 3 años, Paola comenta que hace 2 años atrás su esposo tuvo un accidente y falleció, ella lucho duro y saco adelante a sus hijas que tenían un año, Paola se dedica a la venta ambulante de ropa y colchones, ella cuenta que empezó en este negocio cuando Fodemi le dio el primer crédito, Paola va a invertir el dinero en la compra de mercadería en ropa para ampliar su negocio y seguir trabajando, de este negocio Paola aspira mejorar su negocio para beneficio de sus hijas.

Additional Information

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 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
  • 21
    View loans »
    Ecuador Loans Fundraising
  • $22,604,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $500 helped Sofia Paola to buy clothes.
52% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 7, 2014
Listed
Jul 20, 2014
Currency Exchange Loss:
N/A