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Rafael
Rafael, 62, is married to María, who is 61, and they have a son who lives independently. They live in a neighborhood called El Calvario on one of the hills of Latacunga. Latacunga, a city with a cold climate, is the capital of Cotopaxi which is an important province in the Ecuadorean mountain range. It has several tourist attractions which make it a beautiful, welcoming city. The neighborhood of El Calvario is a place with an interesting view of the city, especially of the Cotopaxi Volcano, and is a place of recreation for many of the city's inhabitants.

This hard-working man began his concrete block business 12 years ago, and also works as a bricklayer in many homes in the area. He learned his trade several years ago and believes mixing the material is a very difficult job, but worth it because it provides enough income to live and save for when he and his are older. The loan will be used to buy materials to make blocks and continue with production.
View original language description ↓
Rafael tiene 62 años y está casado con María de 61, tienen un hijo que vive independiente de ellos. Habitan en un barrio ubicado en una colina de Latacunga llamado El Calvario. Latacunga es una ciudad de clima frío y es la capital de Cotopaxi, una provincia importante de la Sierra ecuatoriana. Cuenta con varios atractivos turísticos lo que la constituye en una hermosa y acogedora ciudad. El barrio El Calvario es un lugar desde el cual se puede tener una interesante vista de la ciudad y principalmente del volcán Cotopaxi y además es un sitio de recreación muy concurrido por los habitantes de la ciudad.
Este esforzado hombre inició su negocio de elaboración de bloques de cemento hace 12 años y además se desempeña como albañil en diferentes hogares aledaños. Aprendió estos oficios desde hace muchos años atrás y considera que la mezcla de material es un trabajo muy difícil pero que vale la pena con tal de contar con los ingresos suficientes para vivir y ahorrar un fondo que le servirá para sustentar su vejez y la de su esposa. El crédito obtenido lo utilizará en la compra de materiales para elaborar bloques y seguir adelante con la producción de bloques.

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

  • $10,600
    Average annual income
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $24,092,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $675 helped Rafael to increase his production of concrete blocks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2012
Listed
Sep 22, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013