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Aug 10, 2016 2:48 PM ET

Archived: Ecuador – Nancy Gabriela: A loan of $550 helps to purchase provisions, flatware, chairs, and sunshades.

iCrowdNewswire - Aug 10, 2016

Nancy Gabriela

El Carmen, Ecuador / Food Stall
Borrower image

Nancy Gabriela’s story

Nancy is 31 years old. She has two children who are 11 and 4 years old. The older one is a primary school student. They have lived in the shelter since the earthquake; the house was completely destroyed. They were not able to recuperate all of the belongings; everything was left in rubble.

They made a living from traditional fishing and selling food in a hut in the area’s beach. The business declined since there was no one to make purchases and her family is going through economic difficulties.

With the new loan from the foundation, she will purchase provisions to prepare and sell food; she needs flatware, seats, and sunshades to open a new stand in the place on the boardwalk that is assigned to them and thus raise the household’s economy. 

Translated from Spanish by Kiva volunteer Sarah Tyler View original language description 

This loan is special because:

It provides funds to entrepreneurs recovering from a natural disaster. 

Kiva staff 

More about this loan

Natural disaster recovery loans from Fundación ESPOIR are directed towards existing clients who have been adversely affected by the recent earthquakes in Northwest Ecuador.

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.   

A loan of $550 helps to purchase provisions, flatware, chairs, and sunshades.

Contact Information:

Nancy Gabriela

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