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José Eladio
José is a divorced 53 year old man who lives alone in Santo Domingo, one of the youngest cities in Ecuador. Right now it is the junction between the country's sierra and coast. It is a privileged place, not only for its ethnic wealth, but for the landscapes that can be found at the entrance to this beautiful city.

José is the owner of a taxi. He started this job ten years ago and so far this is his only source of income. José needs to pay to register his vehicle so that he can keep working. To do this, he has gone to the Fundación Alternativa seeking a loan.

Fundación Alternativa is the institution that will manage the loan through the KIVA portal. This is his second loan, and with the first he made his payments on time. This institution has offered trainings to José tells us that he really likes this. In this way, José will be able to have sustainable growth and take the most advantage of his money.

His dream is to own his own house and have better income. For now, he needs to renew the registry for his vehicle to be able to keep working.
View original language description ↓
José es un hombre divorciado de 53 años quien vive solo en "Santo Domingo" que es una de las ciudades más jóvenes del Ecuador, actualmente se ha constituido en el punto de enlace entre las región Sierra y Costa del país. Es un sitio privilegiado, no solo por la riqueza étnica, sino también por los paisajes que se pueden encontrar desde el ingreso mismo a esta bella ciudad.

José es propietario de un taxi. Empezó este oficio hace diez años y hasta el día de hoy este es su único sustento económico. José necesita pagar la matrícula de su vehículo para de este modo seguir trabajando, para ello ha recurrido a Fundación Alternativa en busca de un préstamo.

Fundación Alternativa es la institución que gestionará su crédito a través del portal de KIVA. Este es su segundo crédito, y en el primero se destacó por sus pagos puntuales. Esta institución le ha brindado capacitación a José y nos comenta que le pareció muy agradable. De esta manera José podrá tener un crecimiento sustentable y aprovechar al máximo su dinero.

Su sueño es tener su casa propia, y además tener mejores ingresos. Por ahora su necesidad es renovar la matrícula de su vehículo para poder seguir trabajando.

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
  • 51
    View loans »
    Ecuador Loans Fundraising
  • $23,495,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,175 helped José Eladio to register his taxi.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2012
Listed
Mar 23, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013