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Luis Alfredo
Luis is a single young man of 24 years who lives with his sister and grandparents, Gladys and Luis, who are 55 and 63 years old, respectively. They live in "San Miguel de Los Bancos" in the province of Pichincha, where the capital of Ecuador is also found. One of the principal resources of San Miguel de Los Bancos is its water, as there are countless rivulets and small waterfalls that originate in this territory and give rise to rivers of considerable size. San Miguel de Los Bancos exhibits the characteristics common to several towns located between the Sierra and the Coast: commercial traffic unfolds along the main street where you can find hotels, restaurants, and department stores. Above all there are products from farming and livestock, as well as veterinary services and shops for the daily needs of the population.

One year ago Luis opened a small casual clothing store across from a busy restaurant. He waits on his customers 9 hours a day and is helped by his sister. He learned this work from his family, who have also been working in this type of business for several years. Luis started with little capital, and for this reason he has little merchandise to offer his customers, and despite this he has known how to persevere. He wants to make an investment to expand his business and buy more merchandise, mainly women's clothing, which has the greatest demand. With that he plans to increase his portfolio of customers and in this way improve his income and quality of life.

His dream is to be able to have a big store and open several of them, and in this way become a great businessman.
View original language description ↓
Luis es un joven soltero de 24 años que vive con su hermana y abuelos Gladys y Luis de 55 y 63 años respectivamente. Residen en "San Miguel de Los Bancos" en la provincia de Pichincha, donde también se encuentra la capital del Ecuador. Uno de los principales recursos de San Miguel de Los Bancos es el hídrico, en su territorio originan un sin número de riachuelos y pequeñas vertientes que dan paso a ríos de considerable tamaño. San Miguel de Los Bancos, muestra las características comunes a varios de los pueblos ubicados entre la Sierra y la Costa: el movimiento comercial 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.

Hace un año Luis abrió un pequeño local de ropa casual frente a un restaurante concurrido. Atiende 9 horas al día a su clientela y es ayudado por su hermana. Esta actividad la aprendió de su familia que también se dedica a esto desde ya hace varios años. Luis ha empezado con poco capital y por esta razón tiene poca mercadería para ofrecer a sus clientes y pese a ello se ha sabido mantener. Quiere realizar una inversión para ampliar su negocio, comprar más mercadería principalmente ropa de mujer que es la de mayor demanda. Con ello piensa incrementar su cartera de clientes y así mejorar sus ingresos y calidad de vida.

Su sueño es poder tener un gran local y quizás abrir varios y así convertirse en un gran empresario.

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
  • 62
    View loans »
    Ecuador Loans Fundraising
  • $23,498,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Luis Alfredo to buy clothing for his store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2012
Listed
Jun 5, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2014