Jenny works from home buying and selling cosmetics. This helps her to provide for her daughter. This is the first loan that Jenny has requested from Fodemi and she will use it to buy perfumes, deodorants and creams to increase the products she sells in her business so that she can make more sales and more income.
Jenny's dream is to have a large cosmetics business and to use the profits that she makes to continue supporting her daughter and provide her with the best in life.
Jenny trabaja en su casa en la compra-venta de cosméticos que le ayuda para mantener a su hija. Es el primer crédito que le solicita a Fodemi el mismo que va a ser utilizado en la compra de perfumes, desodorantes, cremas para incrementar los productos en su negocio y poder obtener mas ventas y mejores ingresos económicas.
Su sueño es poder tener un negocio grande de cosméticos y con las ganancias que tenga poder seguir manteniendo a su hija y darle lo mejor.
About VisionFund EcuadorVisionFund Ecuador 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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Success!! The loan was 100% repaid