Check out some available loans that are similar to this one!
Manuel
Manuel, 69, is married and illiterate. He lives with his wife and a young son who attends 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.

Manuel works on a farm where he learned the milk-producing business 28 years ago. He puts long hours of hard work into it every day of the week as does his wife. Manuel approached Fundación Alternativa because he found out about the the support it gives the rural sector and he decided to request a loan to buy cattle to increase production of milk she sells locally. Manuel hopes to provide his son with the opportunity of attaining a profession and he’s sure that he will remain steadfast to his goal.
View original language description ↓
Manuel es un hombre de 69 años, casado y es analfabeto, vive con su esposa y su joven hijo 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.
Manuel trabaja en una finca, en donde emprendió su negocio de producción de leche hace 28 años, en donde invierte muchas horas de arduo trabajo cada día de la semana al igual que su esposa. Manuel 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. Manuel espera darle a su hijo la oportunidad de estudiar hasta que obtenga una profesión y está seguro que siempre será firme en su meta.

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 $550 helped Manuel to buy cattle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2012
Listed
Sep 15, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013