100%

funded

Total loan: $8,150

Genesis Group

Flag of Ecuador
San Lorenzo, Esmeraldas Province, Ecuador / Food

Genesis Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to purchase a refrigerator to preserve her store's products and to open a small dollar store to sell school supplies, which is what the students are always looking for.


Genesis Group's story

Amalia previously made her living selling shellfish. She changed jobs because of the fatigue caused by traveling to the communities where she would buy the shellfish and then bringing it to Ibarra to sell in the market. Amalia is now 42-years old. For the last two years, she has run a store in San Lorenzo, The store is doing very well and Amalia is enjoying a large clientele in spite of not having a very large store. She keeps the store well-stocked with a variety of consumer goods. Amalia has three children. Her eldest has his own commitments, and the other two attend school regularly. Amalia says that she's known the other members of her communal bank for a number a years. They have all shown a high level of responsibility in repaying their loans. She, herself, has been a part of FODEMI for four years. She hopes to grow in her business so she can keep offering her children an education. At this time, Amalia will receive $750. She will use the loan to purchase a refrigerator to preserve her store's cold cuts, cheeses, meats, sodas and natural juices for a longer period of time. In addition, she wants to open a small dollar store to sell school supplies, as that is what the students are always looking for. This is a way she can offer her community more and better preserved products. Amalia extends her gratitude to the institution for offering people in the neediest and most isolated places the opportunity to transform their lives, especially the children.