Magali, 21 and single, lives in a rented home with her newborn child. Though Magali has only a middle-school education, she supports herself through her entrepreneurialism and hard work. Magali has been raising animals for two years and also works part-time as a maid. While initially she had trouble understanding how to run her own business, through her experiences, successes, and occasional failures, she has persevered.
This will be Magali's first loan through Fundación Alternativa, which she will use to buy piglets and feed. Her greatest struggle in this business are the extremely long hours - she begins work at 7 a.m. and isn't done until midnight. She hopes that this loan will support her business, and her dream is to own her own home.
About Fundación AlternativaFundación Alternativa encourages entrepreneurship and provides sustainable financial and non-financial services that promote social and economic development in Ecuador. The organization focuses on serving poor and excluded populations through analysis of clients' living conditions and by providing business training and other support services in urban, rural and marginalized parts of the country.
95View loans »