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.
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.