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Luis Alcides
Luis, 45, is divorced. He completed elementary school but did not have the resources needed to continue with his education. He lives with his 13-year-old son who is attending secondary school. They live in Recinto Bellavista, a sector with humid climate in Santo Domingo de los Tsáchilas Province, a key province where the coastal and mountain regions of Ecuador meet. Its economy has developed thanks to tourism, commerce, agriculture and animal husbandry.

Luis started his milk business in this province with great opportunities for entrepreneurship 12 years ago. He spends long hours of hard work at it every day of the week. Luis approached Fundación Alternativa to request a loan to buy cattle to increase the production of milk that he sells locally. Luis hopes to give his son the opportunity of studying a profession and he’s sure that he’ll stay firm towards his goals despite obstacles that arise when his animals get sick and losses are incurred.
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Luis tiene 45 años y es divorciado, terminó la primaria, pero no tuvo los recursos para continuar sus estudios; vive con su joven hijo de 13 años quien se encuentra cursando la secundaria. Ellos viven en el Recinto Bellavista un sector de clima húmedo de la Provincia de Santo Domingo de los Tsáchilas, una provincia clave en la comunicación comercial de las regiones Costa y Sierra de la República del Ecuador. Su economía se ha desarrollado gracias a las actividades de turismo, comercio, agricultura y ganadería.
En esta provincia de grandes oportunidades de emprendimiento, comienza Luis su negocio de producción de leche hace 12 años, al cual invierte muchas horas de arduo trabajo cada día de la semana. Luis acudió a Fundación Alternativa porque se enteró del apoyo que brinda al sector rural y decidió solicitar un crédito que lo destinará a comprar ganado y de esta forma aumentar la producción de leche que distribuye en los alrededores del Recinto. Luis espera darle a su hijo la oportunidad de estudiar hasta que obtenga una profesión y está seguro que siempre será firme en su meta a pesar de los obstáculos que se le presentan cuando los animales se enferman, y le generan pérdidas.

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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
  • 47
    View loans »
    Ecuador Loans Fundraising
  • $23,490,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $550 helped Luis Alcides to acquire cattle and increase milk production.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2012
Listed
Sep 15, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 21, 2013