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Aug 10, 2016 7:50 AM ET

Archived: Ecuador – Shirley Narcisa: A loan of $1,175 helps and her husband buy clothing, fishing supplies, and food

iCrowdNewswire - Aug 10, 2016

Shirley Narcisa

El Carmen, Ecuador / Clothing Sales
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Shirley Narcisa’s story

Shirley is 35 years old and has three children, ages 14, 7, and 3; one studies in a private school and another in a public school. They live in a hostel; the [recent] earthquake completely destroyed their house and Shirley lost the inventory of clothes she had for her business. Moreover, her customers departed without paying for their previous purchases.

Shirley’s husband is a fisherman. With this new loan she will purchase clothing of all types for women, men, and children, and her husband will invest in fishing supplies, such as nets, tackle boxes, boots, and foods so that he can fish on the high seas. Thus, Shirley will be able to continue helping her family get ahead. 

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Translated from Spanish by Kiva volunteer Harold Dana Sims, PhD 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 $1,175 helps and her husband buy clothing, fishing supplies, and food

Contact Information:

Shirley Narcisa

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