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Magdalena  Eloisa
Magdalena, 25 years old, lives with her husband Edwin and their son. They live in the Puerto Quito Parish, a relatively small city that is currently growing due to ecotourism. This city is about 140Km from the capital and runs alongside the Caoni River bridge. Puerto Quito is considered part of the Ecuadorian Highlands; however, its climate is more coastal. The city is in the tropical forest area and its average temperature is around 25ºC.

Magdalena works in selling cosmetics, while her husband has worked as an electrician for 5 years. Magdalena is requesting this loan to buy more products and serve more customers. Magdalena has not had too many obstacles or difficulties in running her business. The only challenge would be the lack of cash in order to continue growing. She dreams of having her own home one day. This loan would be a great step in achieving this goal.
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Magdalena es una mujer de 25 años que vive junto con su esposo Edwin y su hijo. Ellos viven en la parroquia de Puerto Quito, una ciudad relativamente pequeña que actualmente se encuentra en proceso de crecimiento debido al ecoturismo. Esta ciudad se encuentra a unos 140 Km de la capital y corre a la par del puente del río Caoni. Puerto Quito es considerado parte de la sierra ecuatoriana, no obstante su clima es más costero. La ciudad se encuentra dentro de la zona del bosque tropical y su temperatura promedio es de alrededor de 25 grados.
Magdalena se dedica a la venta de cosméticos mientras que su esposo trabaja como electricista desde hace 5 años. Magdalena está solicitando este crédito para poder comprar más productos y así atender a más clientes. Magdalena no ha encontrado demasiados obstáculos ni dificultades para seguir con su negocio lo único seria la falta de efectivo para seguir creciendo. Ella sueña con algún día poder tener su casa propia, y este crédito sería un gran paso para poder lograr aquello.

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
  • 21
    View loans »
    Ecuador Loans Fundraising
  • $22,604,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Magdalena Eloisa to buy merchandise.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 31, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013