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María Hortencia
María is a woman of 60. She is separated from her husband, and lives alone with her small grandson for whom she is responsible. They live in Río Verde parish, in Santo Domingo canton and city, in the new province of Santo Domingo de los Tsáchilas, which used to be a rural parish of Quito, Ecuador's capital.

Santo Domingo is between the coast and country's highlands so it has become the link between important cities. Located on the outer flanks of the western cordillera, and on the coastal plain at an altitude lower than 1000 metres above sea level, it is the rainiest area of the country.

María is a hard-working woman who farms. She learned this livelihood 20 years ago, and today this how she supports herself and her grandchild. She works eight hours a day and looks after her grandchild. The farm work is very hard.

María wishes to buy fertilizers and other agricultural supplies to improve her yuca plantings, and this way make them more productive. This way she can get better income and improve her standard of living.

Fundación Alternativa, which is the intermediary institution between María and Kiva, has evaluated this entrepreneur, and her risk of defaulting is low, in spite of the fact that this is her first loan. This institution will not only provide María with the financial resources to continue working, but will also offer advice and training.

Her dream is to have her own house, and this way ensure the well-being of her grandchild. Her goal now is to be able to give him a better quality of life.
View original language description ↓
María es una mujer de 66 años, separada de su esposo que vive sola con su pequeño nieto del cual se hizo cargo. Residen en la parroquia "Río Verde" de "Santo Domingo" que es cantón y ciudad de la nueva Provincia de Santo Domingo de los Tsáchilas, que era parroquia rural de Quito, la capital del Ecuador. Santo Domingo está entre la costa y la sierra del país por lo que se ha convertido en el punto de enlace entre ciudades importantes. Situado en los flancos externos de la cordillera occidental, así como en la planicie costeña inferior a los 1000 msnm, es la zona de mayor pluviosidad del país.

María es una mujer trabajadora dedicada a la agricultura; esta actividad la aprendió desde hace 20 años y hoy en día este es el sustento para ella y su nieto. Trabaja 8 horas al día y le ayuda su nieto. El trabajo de campo es muy duro. María desea comprar fertilizantes y más insumos para mejorar su plantación de yuca y así hacerla más productiva; de esta manera obtener mayores ingresos y mejorar su estilo de vida.

Fundación Alternativa que es la institución intermediaria entre María y KIVA, ha evaluado a esta emprendedora y su riesgo de incurrir en morosidad es bajo a pesar de que este es su primer crédito. Esta institución no solamente brindará a María los recursos económicos para seguir trabajando sino que también brindará asesoría y capacitación.

Su sueño es tener una casa propia y asegurar así el bienestar de su nieto, su meta ahora es poder darle una mejor calidad de vida.

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
  • 42
    View loans »
    Ecuador Loans Fundraising
  • $23,149,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped María Hortencia to buy fertilizers and other agricultural supplies for growing yuca.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2012
Listed
Apr 23, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013