100%

funded

Total loan: $3,500

Nuevo Porvenir Group

San Lorenzo, Esmeraldas Province, Ecuador / Food

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A loan helped to set up a new business, which will consist of selling sheets and canvas awnings.


Nuevo Porvenir Group's story

Elena, age 26, has a six year old daughter, and Elena is currently pregnant. She lives with her husband. He works every day in a three wheeled motorized vehicle in order to help cover the household expenses. Elena sells prepared food near the police station. She also works at a small beauty parlor. This is Elena's fourth loan with FODEMI. She says that it is going very well for her. She believes that it is a good option for poor and humble people. She and her colleagues in the communal bank have known each other since they were children. She acknowledges that they are very organized in doing things that benefit their community and neighborhood. Elena will use this loan to set up a new business, which will consist of selling sheets and canvas awnings. They have a considerable success in sales on the Pacific coast, and they do not require a lot of effort on her part in light of her pregnancy. She has been able to build her own house, and in the future she hopes to have more merchandise to deliver wholesale to her friends and customers.