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Edison Bolivar
Edison is a young single man who lives in Los Bancos, a rural canton in the province of Pichincha, where the capital of Ecuador is located. One of the principal resources in Los Bancos is water, because its territory is the origin of a great number of streams and small springs that give way to rivers of a considerable size.

This canton has a lot of commercial activity on the main street, where there are hotels, restaurants, and stores, above all for agricultural products, as well as veterinary services and stores for the daily consumption needs of the population.

On his mother's advice, Edison started his own business a year ago. He opened a grocery store in his neighborhood. He works an average of 12 hours a day and his mother helps him wait on customers.

This young man wants to invest in buying more merchandise to be able to give his customers a better supply of products, and having better sales he will have greater income. This is his first loan and, after the evaluation done by his loan advisor, it was determined that he will be able to make his payments punctually.

His dream is to have his own house and we hope that one day he realizes this.
View original language description ↓
Edison es un joven soltero, que vive en "Los Bancos", que es un cantón rural de la Provincia de Pichincha, donde se encuentra la capital del Ecuador. Uno de los principales recursos "Los Bancos" es el hídrico ya que en su territorio se originan un sin número de riachuelos y pequeñas vertientes que dan paso a ríos de considerable tamaño. Este cantón tiene un gran movimiento comercial que se desenvuelve en la calle principal, donde se encuentran hoteles, restaurantes y almacenes, sobre todo de productos agropecuarios, así como servicios veterinarios y tiendas para el consumo diario de la población.

Por consejos de su madre, Edison inició su propio negocio hace un año. Abrió una tienda de víveres en su sector de residencia. Trabaja un promedio de 12 horas al día y lo ayuda su madre en la atención a sus clientes. Este joven desea invertir en comprar más mercadería y así poder ofrecer a sus clientes mayor surtido de productos y al tener mayores ventas tendrá mayores ingresos. Este es su primer crédito y luego de la evaluación realizada por su asesor de crédito, se ha determinado que podrá pagar sus cuotas de manera puntual.

Su sueño es tener su casa propia y esperamos que algún día lo cumpla.

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
  • 99
    View loans »
    Ecuador Loans Fundraising
  • $24,153,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Edison Bolivar to buy products for his grocery store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2012
Listed
Mar 14, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012