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Pedro Luis
Pedro, 23, has lived all his life in San Miguel de los Bancos, one of 9 cantons in Pichincha, an Ecuadorea province that includes the country's capital city. There are 52 "comunidades", "recintos" and "cooperativas distribuidas" [local geographical entities] in the canton, along with important resources such as the Mindo Nambillo National Forest. Much of the canton is pasture land and ranching is an important business. Local farmers grow palmito, sugar cane, platanos and fruit on small plots here. Pedro has lived on his own for a year. He has a son, but the son doesn't live with him.

Pedro's parents have a natural medicines business and he learned the business from them. He opened his own shop 5 years ago and has made good progress. He wants to expand the business now and he needs a loan because he can't add the inventory he wants without one. He wants to increase the range of merchandise that he sells so that he can increase his income. Fundacion Alternativa, the bank that is helping him with the loan, has assessed the business and determined that Pedro is a solid, trustworthy businessman who can repay the loan in the agreed-upon time.

This optimistic young man wants to build a successful business that will provide him with a good income. His goals are a better quality of life and to one day go to university.
View original language description ↓
Pedro es un joven de 23 años, ha vivido toda su vida en "San Miguel de los Bancos" que es uno de las 9 cantones de la Provincia de Pichincha (donde también se encuentra la capital del Ecuador). Posee 52 centros poblados entre comunidades, recintos y cooperativas distribuidas en toda la geografía cantonal. El territorio cantonal se encuentra un importante recurso natural como es el Bosque Protector Mindo Nambillo. Una gran superficie del área cantonal se encuentra ocupada de pastizales ya que la principal actividad del cantón es la ganadería este cultivo, también se realizan cultivos de palmito, caña de azúcar, plátano, naranjilla en pequeñas superficies. Hace un año vive de manera independiente y a pesar de tener un hijo, no vive junto a él.

Sus padres tienen una tienda de productos naturistas y de ellos, Pedro aprendió este oficio. Desde hace 5 años él tiene su propio local que ha tenido una buena acogida. Desea realizar una inversión en mas mercadería, quiere incrementar el surtido y para ello debe realizar un crédito ya que de otra manera no podría hacerlo. De esta manera piensa mejorar la oferta hacia sus clientes y por ende tener mejores ingresos. Fundación Alternativa, que es la institución que le ayudará con esta necesidad económica, ha evaluado su negocio y ha determinado que es un emprendedor sólido y confía en que podrá cumplir sus pagos puntualmente.

Este joven está muy optimista y sueña con tener un local bien abastecido y surtido, de esta manera con mejores ingresos tener una mejor calidad de vida y algún día poder tener sus estudios universitarios.

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

  • $10,600
    Average annual income
  • 94
    View loans »
    Ecuador Loans Fundraising
  • $24,193,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Pedro Luis to stock his natural medicines business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2011
Listed
Dec 28, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012