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Maria Alexandra
María is a young single woman of 28 years of age. She has two children aged from 10 to 6 years studying in primary. She lives in the parish of Río Verde in Santo Domingo, the third largest city in Ecuador by population. It is located at a strategic point for Ecuadorian trade being centrally located, acting as a link between the coast and the mountain range. For this reason, Santo Domingo is also a multicultural center where many cultures blend from Ecuador and also from outside the country. Tourism has grown markedly because of the trade of all types of products which has become a very profitable activity.

In the center of this interesting city lives María who began selling cosmetics two years ago in which she invests the necessary hours in order to obtain the hoped for profits. She came to Fundación Alternativa, which is the intermediary institution between Kiva and María, to acquire a loan that will help her to buy merchandise in order to have a variety to offer her clients and thus obtain better earnings surpassing the competition in quality of service and prices. María is grateful to Fundación Alternativa for providing the first step in her growing business.
View original language description ↓
María es una joven soltera de 28 años que tiene 2 hijos de 10 y 6 años que estudian en primaria. Vive en la parroquia de Río Verde en Santo Domingo la tercera ciudad más grande de Ecuador en cuanto a población, y se encuentra ubicado en un punto estratégico para el comercio ecuatoriano ya que se ubica en el centro, actuando como unión entre la costa y la sierra. Por esta razón, Santo Domingo también es un centro multicultural donde se encuentran y fusionan varias culturas provenientes de Ecuador e inclusive de afuera del país. El turismo ha crecido notablemente por lo que el comercio de productos de todo tipo se ha convertido en una actividad muy rentable.
En el centro de esta ciudad tan interesante, reside María quien hace dos años emprendió con la venta de cosméticos y en el cual invierte las horas necesarias para obtener las ganancias esperadas. Acudió a Fundación Alternativa, que es la institución intermediaria entre KIVA y María, para adquirir un préstamo que le ayudará a comprar mercadería para tener variedad que ofrecer a sus clientes y así obtener mayores ingresos superando la competencia en calidad de servicio y precios. María agradece a Fundación Alternativa por aportar en el primer paso de su crecimiento empresarial.

Additional Information

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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
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,541,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Maria Alexandra to buy cosmetics in order to have a variety to offer her clients.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2012
Listed
Sep 11, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013