Check out some available loans that are similar to this one!
Martha Jakeline
Martha is 25 years old. She is married to 35-year old Jaime, who is a machine operator. They have three children who are 11, 10 and 7 years old. They live in the south of Quito, the capital of the Republic of Ecuador. More specifically, they live in the Chimbacalle neighborhood, which is emblematic of Quito primarily for being the home of the Capital's only train station. It is going to be converted into a railway museum which, on par with neighboring museums, has become one of the most visited tourist attractions in the country. In addition this attraction, in the last few years, the southern area of Quito has developed remarkably, both urban-wise and financially. Investors have bet on planting their ideas in various key points of this sector.
Martha grew up in Chimbacalle in a low-income family. She was able to finish primary school. She got married very young, and thanks to what a friend taught her, she decided to earn some money by making “espumilla,” an Ecuadorian dessert (similar to a meringue) loved by children and adults alike. She started the business 8 years ago and spends about 3 hours a day on it. In addition to her household chores, she also sells cosmetics, which gives her an additional income. With the loan, Martha hopes to make more daily “espumilla” and to purchase products to increase her cosmetics stock so that she can earn the income she needs to provide her family with stable finances.
View original language description ↓
Martha tiene 25 años, está casada con Jaime de 35 años quien trabaja como operador de maquinaria, tiene 3 hijos de 11, 10 y 7 años edad. Viven al sur de la ciudad de Quito capital de la República del Ecuador, específicamente en el barrio de Chimbacalle un barrio muy emblemático de Quito principalmente por ser la morada de la única Estación de trenes de la capital la cual se convertirá en un museo ferroviario que a la par con los museos de su alrededor se ha convertido en uno de los lugares turísticos más visitados del país. Sumado a este atractivo, en general, el sector sur de la ciudad de Quito en los últimos años se ha desarrollado notablemente tanto urbana y económicamente, es así que inversionistas han apostado para sembrar sus ideas en varios puntos clave de este sector.
En Chimbacalle creció Martha en una familia de escasos recursos económicos quienes le dieron la oportunidad de terminar la primaria. Se casó muy joven y gracias a la enseñanza de una amiga, decidió generar recursos a través de la elaboración de “espumilla” un postre típico ecuatoriano que es el preferido de niños y adultos. Inició este negocio hace 8 años y le dedica al menos 3 horas al día, pues además de sus quehaceres domésticos, ofrece productos cosméticos que le generan una ganancia adicional. Con el crédito otorgado Martha espera producir más “espumilla” diaria y además comprar productos para incrementar el stock y de esta forma generar los ingresos necesarios para lograr una economía estable para su familia.

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
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $23,094,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $850 helped Martha Jakeline to increase her production of "espumilla" (a meringue-like treat) and to increase her stock of merchandise.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2012
Listed
Sep 23, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 19, 2013