Angela Rosa’s story
Ángela is married and lives with her husband and two small grandsons. They are like her own children and attend school. They live in the city of Rocafuerte in the Las Chacras area, which was badly affected by the huge earthquake that destroyed a large part of the province. It also impacted them; she recalls with tears in her eyes how on that terrible day her humble home was destroyed. They were left without everything they has worked for for their whole life. Now they are living in tents in the yard of their home. Before the earthquake she made a living by selling clothing, the business has also been affected and her sales have declined substantially, a lot of merchandise was lost in the quake and she could not collect payment for the goods that had already been handed over to customers. For this reason she is asking for a loan to drive the business forwards and thus be able to re build her 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.