A loan of $7,200 helped a member to buy 200 chicks, animal feed, corn, vitamins, sawdust, incandescent bulbs, and wires for power. She will also adapt the shed.


El Cuerval Group's story

Rosario is 59 years old and lives with her husband. 11 of her 12 children are married, and the youngest lives with one of her sisters in Guayaquil, who she supports with education expenses. Her husband is a fisherman and works every day in his old canoe and with his deteriorating net. Rosario takes care of the home and breeds chickens in the backyard. This is her second loan from FODEMI, and this time she is requesting $900 dollars to buy 200 chickens, vitamins, and animal feed to breed the chickens. When she then sells them she will be able to repay her loan and make a profit. Rosario suffers from rheumatism. She invested her previous loan in the same activity, but then had a health emergency which impeded her from carrying out her plan. But with her and her husband’s effort, she was still able to repay her loan. With this new loan she will buy 200 chicks, animal feed, corn, vitamins, sawdust, incandescent bulbs, and wires for power. She will also adapt the shed for the new chickens, and leave a small portion of money to save for the payment of the first installment. She sells the fish from her husband in La Tola, but it is not much, and most times there is no more to sell after the couple has eaten some. Her current wish, if she receives a little more money, is to sell soft drinks, since people consume a lot of carbonated drinks bought at the outskirts of town. She thinks that if she sells them in town she will have better income. there will sell better income. She thinks that FODEMI’s arrival is a blessing, because the loan process is quick and interviews are conducted in her town. She is very grateful that the lenders are helping the forgotten areas where there are many poor people.

In this group: Neli Flora, Juan Carlos, Rosario, Juan De Dios, Yissela Gabriela, Luis, Otilio Cesar, Neli Patricia
*not pictured

Translated from Spanish by Kiva volunteer Amanda Fried



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