A loan of $1,075 helps to buy bins, bags, plastic containers, etc.
Amalia Consuelo’s story
Amalia is 51 years old, married, and from this relationship has two children, 20 and 18 years old. They live in the city of Portoviejo in the Picoazá parish, where a strong earthquake occurred that spread chaos throughout the city. This situation also affected Amalia’s family, since several walls of their house fell and those that remain standing are completely cracked. Now their home is not safe. She and her family are very worried about this, but they continue living there because they do not have anywhere to go.
They have a business selling plastic objects like bins, bags, containers, plates, and cups, among other things. Now, she says that the situation is already a little better and it is for this reason that she is requesting a loan to strengthen her business. In this way, she will better their economic condition and begin to rebuild their home.
This loan is special because:
More about this loan
These loans work as seed money for business owners to reactivate a devastated business and gives them the ability to generate income for themselves and their families again.
Kiva’s low-cost, risk tolerant capital allows Fundación ESPOIR to offer a higher risk product to these specific clients, as they work to rebuild their lives and businesses.
Please note that given the circumstances, these loans have a higher level of risk than the average loan from Fundación ESPOIR in Ecuador.