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Segundo Enrique
Enrique, 65, was born in Alausí but lives in Santo Domingo. Santo Domingo is one of Ecuador's largest cities and has a humid climate. It is strategically located between the coast and the mountains, and, therefore, has experienced rapid growth in recent decades. Farming and commerce are the city's principal activities, and its economic growth has spurred a variety of sectors that have enriched the community.

Enrique started his business 10 years ago and has enjoyed considerable success. He is requesting a loan to invest in machinery, in particular, a circular saw to help him cut and create wood designs faster. Enrique works on average 8 hours a day, but he feels he has reached the point at which he must invest to grow and increase his income. His goal is to open a well-stocked workshop in a good location.
View original language description ↓
Enrique es un hombre de 65 años nacido en Alausí pero que reside en Santo Domingo. Santo Domingo es una de las ciudades grandes de Ecuador y cuenta con clima tropical húmedo. La ciudad actúa como puente crucial entre la costa y la sierra, motivo por el cual ha experimentado un rápido crecimiento en las últimas décadas. Santo Domingo se sustenta principalmente a través de la agricultura y el comercio. El crecimiento económico por el que paso Santo Domingo ha hecho surgan diferentes motores económicos lo que ha tenido un efecto positivo en la sociedad.
Enrique inicio su negocio hace poco mas de 10 años, y ha tenido bastante éxito desde entonces, el actualmente está buscando un crédito para poder invertir en maquinaria, quiere comprar una sierra circular que le ayudaría a realizar los cortes y diseños de manera más rápida. Enrique trabaja un promedio de 8 horas diarias pero considera que ha llegado el punto en el cual podría invertir más para poder crecer y mejorar sus ingresos. La meta final de Enrique es montar su propio taller con buena ubicación y servicios y productos variados.

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
  • 34
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Segundo Enrique to invest in machinery, in particular, a circular saw to help him cut and create wood designs faster.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 17, 2012
Listed
Aug 12, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013