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Edgar Paul
Edgar is a man who lives in Latacunga, a city located in the midst of the Ecuadorian mountains. Latacunga is the capital of the province of Cotopaxi, named after the highest active volcano in the world, which is in the northeast of the province. The Cotopaxi volcano has left Latacunga in ruins three times since its founding. The city is 2,750 meters above sea level and the average temperature is about 11°C. It is characterized by it architectural and cultural riches since it have been possible to preserve its colonial appearance. Latacanga is an excellent example of national folklore.

Edgar is a bachelor who opened a mini-market two years ago in front of some sports fields. He learned the business from his mother and now dreams about his own mini-market getting ahead. He devotes 6 hours a day to his business. He is requesting a loan from Kiva to be able to expand the quantity of products he sells and to start selling new merchandise altogether.

Edgar is ambitious and wants to succeed and has high expectations for his minimarket and for himself. Consequently, he wants to enlarge his business and earn enough income to continue his studies at college.
View original language description ↓
Edgar es un hombre que reside en Latacunga, ciudad ubicada en el centro de la cierra Ecuatoriana. Latacunga es la capital de la provincia de Cotopaxi, nombrada después del volcán activo más alta del mundo que está que esta al noreste de la misma. El Cotopaxi ha dejado a Latacunga en la ruina tres veces desde su fundación. La ciudad está a 2750 metros sobre el nivel del mar y la temperatura promedio es alrededor de 11°C. Latacunga se caracteriza por su riqueza arquitectónica y cultural, ya que ha logrado preservar un aspecto colonial y es un excelente ejemplo de folklor nacional.
Edgar es un hombre soltero que desde hace dos años abrió un MiniMarket al frente de unas canchas deportivas. Él aprendió acerca del negocio por su madre, y ahora sueña con que su propio MiniMarket salga adelante. Edgar le pone 6 horas al día a su negocio. Él solicita un préstamo a Kiva para poder incrementar el número de productos e implementar nueva mercadería a su negocio. Edgar ambiciona con poder superarse y tiene muchas expectativas para su MiniMarket y para el mismo. Por lo tanto quiere agrandar su negocio y lograr tener ingresos suficientes para continuar sus estudios superiores.

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
  • 46
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Edgar Paul to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2012
Listed
Jun 26, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 19, 2013