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Magali Yolanda
Magali lives and works in Pedro Vicente Maldonado, a canton in the west part of the province of Pichincha in Ecuador. Pedro Vicente Maldonado, named after the 18th-century Ecuadoran scientist, has a pleasant subtropical climate and is known for its natural beauty and agricultural economy.



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.

Additional Information

About Fundación Alternativa

Fundación 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.

About Ecuador

  • $10,200
    Average annual income
  • 18
    View loans »
    Ecuador Loans Fundraising
  • $22,607,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped Magali Yolanda to buy piglets and feed.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2011
Listed
Aug 6, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012