A loan of $6,350 helped a member to buy gasoline and domestic gas to to make available to people who live in the community.


Progresista Ricaurte Group's story

Rosi, 47, lives in Ricaurte with her husband and two youngest daughters who attend school in the community. One of her sons is a football player, one of her eldest daughters is a general practioner and another is an engineer. Her husband works at the Quinindé company in reforestation. Rosi has been receiving loans through the Fodemi insititution for three years and says she decided to change businesses because her store was not profitable. Now she sells domestic and automobile fuel (bottles of gas and gasoline by the gallon). She acquired permits for the business which is going very well because the products do not expire. On this occasion, she will receive a loan of $950 to buy gasoline and domestic gas to sell to people in the community, who have a hard time obtaining these products. Rosi is doing well and is grateful to the institution for this opportunity which offers people in remote, impoverished areas to transform their lives through their business ideas by supporting them through loans.

In this group: Morayma Monica, Elina Geraldine, Manuela Gursenia, Maria Fernanda, Rosi Nuvia, Agusto Ceiden, Eduardo Fausto
*not pictured

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Translated from Spanish by Kiva volunteer Sherry Bess



Loan details


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Loan details