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Mario Alberto
Mario is 24 years old, single, has attended university, and lives with his parents, Mario, 52, and Maria, 53. They live in Latacunga, the capital of the Cotopaxi province. In Ecuador, the city is known for its rich cuisine, especially hallullas (hard crackers made from bread that are a tradition in Ecuador, Bolivia, and Chile) and quesos de hoja (long sheets of cheese). The area is also known for raising livestock and agriculture that is sustained by the mild climate, cold and warm humidity. The poverty index is more than 50%, but the majority of the inhabitants have basic services (water, electricity, etc) in their homes.

Mario learned from his parents how to raise livestock for later sale and also to sell the milk that they produce. Two years ago, he decided to involve himself more deeply in the business and learn this work, which he does for eight hours a day without help from anyone. Although many merchants oppose paying a fair price, Mario is asking for a loan to purchase more animals and items to care for them so that he can offer these animals a price that allows him to generate a higher profit. He will create a savings account so that one day he can achieve his dream of building his own house. Mario received this loan from Fundación Alternativa and he thanks them for their advice and their confidence in the enterprising youth of his country.
View original language description ↓
Mario es un joven de 24 años soltero que tiene estudios superiores y vive con sus padres Mario de 52 años y María de 53. Viven en Latacunga la capital de la provincia Cotopaxi en Ecuador una ciudad conocida por su rica gastronomía en especial las “Hallullas” galletas duras en forma de pan que son tradición en Ecuador, Bolivia y Chile y además los “quesos de hoja”, además de actividad ganadera y agrícola que se sustenta gracias al clima templado, frío y cálido húmedo. El índice de pobreza supera el 50% pero al menos la mayoría de sus habitantes cuentan con servicios básicos en su vivienda.
Mario aprendió de sus padres a criar ganado para la posterior venta de ellos y además de la leche que producen. Hace 2 años decidió involucrarse más a fondo en el negocio y emprender con esta actividad a la cual se dedica 8 horas ene l día sin recibir la ayuda de nadie. A pesar de que muchos comerciantes se oponen a pagar un precio justo, Mario solicitó un préstamo con el que comprará más animales e insumos para su respectiva crianza y así poder ofrecer a los animales a un precio que le permita generar altas ganancias para crear un fondo de ahorro para un día cumplir su sueño de construir su casa propia. Mario recibió este crédito de Fundación Alternativa a quienes agradece por la asesoría oportuna y la confianza en la juventud emprendedora del país.

Additional Information

More information about this loan



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
  • 72
    View loans »
    Ecuador Loans Fundraising
  • $23,912,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Mario Alberto to purchase animals and items for their care.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2012
Listed
Sep 22, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013