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Maria Rosa
María is 48 and lives in Pastocalle parish, Latacunga canton, located in Ecuador's Andean region. Latacunga is a welcoming city. Its cathedral and the Church of San Francisco exemplify the beauty of religious art, and its cobblestone streets are lined with the brightly colored facades of traditional homes that stand out in the dusty environment. Latacunga comes from the Quichua words "llacata kunka" that mean "God of the Lakes". In November, the paved streets are filled with people celebrating the joyous feast honoring the Virgen de las Mercedes during the ceremony of Mama Negra, who symbolizes the fertility of the land.

María is married to Luis, with whom she has 4 children, ages 8, 11, 12, and 18. To help support her household, she makes brooms, work she learned from her parents. She works 8 hours a day without help. She says her greatest obstacle has always been not being able to continue her education. She only finished elementary school. She has not had easy access to financing, which has complicated the growth of her business. María wants to strengthen her business, which requires receiving a loan to buy commodities to make a large batch of her product. She expects to generate better income with the investment and give her children a better life.

María's greatest dream is to see her children complete their education and have decent careers through which they will contribute to the country's growth. She works hard every day to achieve her dream.
View original language description ↓
María es una mujer de 48 años que vive en la parroquia de "Pastocalle" en el cantón "Latacunga" ubicado en la región Andina del Ecuador. Latacunga se caracteriza por ser muy acogedora, que con su catedral y la Iglesia de San Francisco muestra la belleza del arte religioso, ambientadas con estrechas calles adoquinadas, resaltadas por los vivos colores de las típicas fachadas de sus viviendas y el polvoriento paisaje circundante. Latacunga viene de dos voces quichuas llacata kunka que significa Dios de las Lagunas. Cuando llega noviembre sus empedradas calles se llenan de alegría por la celebración de la fiesta en honor a la Virgen de las Mercedes, se trata de la ceremonia de la “Mama Negra” , que simboliza la fertilidad y la productividad de la tierra.

María está casada con Luis, con quien tiene 4 hijos de 8, 11, 12, y 18 años. Ella para aportar a la economía del hogar fabrica escobas, actividad que la aprendió de sus padres. Trabaja 8 horas al día y no recibe ayuda. María comenta que su gran obstáculo siempre ha sido no haber continuado con sus estudios ya que únicamente terminó la primaria y luego el no poder acceder fácilmente a fuentes de financiamiento haciendo que el crecer de su negocio sea muy complicado. María desea fortalecer su negocio por lo que requiere un préstamo con el cual comprará materia prima y podrá hacer un buen lote de su producto. Con esta inversión espera tener mejores ingresos con lo que podrá dar a sus hijos una mejor calidad de vida.

Su gran sueño es ver a sus hijos con educación completa y con profesiones dignas que contribuyan al crecimiento del país, esta emprendedora se esfuerza cada día por lograrlo.


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
  • $23,146,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Maria Rosa to buy commodities and strengthen her business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Sep 23, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 20, 2013