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Luis Gustavo
Gustavo is 39 years old, and lives with Ana, his wife, who is 34 years old, and their two children. They live in the Eloy Alfaro Parish, which is in Latacunga. Latacunga belongs to the province of Cotopaxi in Ecuador, and the city is located about 90 kilometers from the capital city, and has a largely indigenous and mixed population. Latacunga is located at an elevation of 2,760 meters above sea level, and is dangerously close to Cotopaxi, the highest active volcano in the world. Throughout the course of history, the city has been affected time and time again by volcanic explosions. The majority of people in the city are economically dependent on the success of their agricultural and floricultural industries, and also make a living in the tourist and culinary industries present in the province.

Gustavo is from this small city, and a little over two years ago, he started a business next to a church raising and selling pigs. Since he has made an effort to learn constantly through experience and through the tasks of his job, Gustavo is doing well in his business, and he has many faithful clients. He works an average of six hours per day, but he wants to grow and expand so that he can serve and accommodate more clients. He is presently looking for support to expand the infrastructure of his business, and he plans to purchase more pigs and build additional pig pens and corrals to accommodate more pigs in his operation and give his animals better living conditions. It has been very difficult for Gustavo to gain access to loans which would help him to grow his business, since he has had to incur debt over the course of his life.

If he does gain access to credit and a loan, he plans to continue working as hard as he always has. Gustavo hopes that the support from this loan will help him improve his financial condition and provide a better quality of life for his family.
View original language description ↓
Gustavo es un hombre de 39 años que junto a su esposa Ana de 34 años y sus dos hijos vive en la Parroquia Eloy Alfaro en Latacunga. Latacunga pertenece la provincia de Cotopaxi en Ecuador, esta ciudad se encuentra a unos 90 kilómetros de la capital Ecuatoriana y está habitada en su gran mayoría por población mestiza e indígena. Latacunga se eleva sobre el nivel del mar a 2760 metros de altura y esta peligrosamente cerca al volcán activo más alto del mundo el Cotopaxi. A lo largo de la historia la ciudad ha sido afectada una y otra vez por explosiones de este gigante. Las personas de esta ciudad en su gran mayoría dependen económicamente de la agricultura y la floricultura, en un segundo plano también la industria turística junto con los atractivos culinarios son bastantes influyentes en toda la provincia.
De esta pequeña ciudad en el centro del Ecuador surge Gustavo, quien hace poco más de dos años se estableció cerca de una pequeña iglesia y monto su negocio de venta y producción de cerdos. Gustavo ha aprendido constantemente a través de los años las técnicas necesarias para todo lo relacionado a su trabajo y es por eso que le ha ido bien con su negocio y ya tiene varios clientes fieles. El trabaja un promedio de 6 horas al día, pero siente que desea crecer para poder abastecerse de más clientes. Por lo tanto, Gustavo está buscando ayuda para recaudar plata y expandir la infraestructura para su trabajo, en este caso busca construir chancheras para poder adquirir más chanchos y conservar ahí sus animales en óptimas condiciones. Para Gustavo ha resultado realmente difícil acceder a créditos que lo ayuden a crecer esto a pesar de que es una persona que no ha incurrido muchas deudas a lo largo de su vida.
Así Gustavo, considera que si se le facilita el acceso a crédito él podrá seguir trabajando de la misma manera que lo ha venido haciendo por muchos años pero con mayor capacidad y volumen. Con esto Gustavo dice que no solo mejoraría su situación económica si no todos los aspectos de la vida de su familia entera.

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
  • 92
    View loans »
    Ecuador Loans Fundraising
  • $24,185,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Luis Gustavo to purchase pigs.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2012
Listed
Jun 25, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013