A loan of $1,000 helped a member to buy scrap metal.

Paul's Group's story

Paul's Group is made up of three people: Paúl, Carmen and Segundo; Paúl is the president.

Paúl is 22 years old, single with no children and lives in Cayambe (close to Otavalo) with his parents. He is considered a very hardworking, determined and responsible person with a very flexible character, and he is friendly with everyone. He works with his father buying and selling scrap metal. He began a year ago working from home; he had a small amount of scrap metal in his house and a man told him to sell it, and from there the idea arose to enter into business buying and selling scrap metal.

It's the first time he's worked with FODEMI. He asked for the loan to buy scrap metal which he will resell to find money for himself and his family. He will continue working with FODEMI to grow his business. His dream is to maintain his company and sell the scrap metal to the main processing plant which buys this material, and to grow together with FODEMI.

In this group: Paúl , Carmen Verónica, Segundo Alejandro

Translator profile picture

Translated from Spanish by Kiva volunteer Eleanor Brown

Loan details

Lenders and lending teams

Loan details