Check out some available loans that are similar to this one!
Jose Gabriel
José is 27 years old, single, and lives in the Rosa Zárate parish in the city of Santo Domingo, which is one of the youngest cities in the country. It is located in the area where the mountainous region and costal region of Ecuador meet. It is an area that is privileged, not only because of its ethnic richness, but also because of the unusual landscapes that can be found in this beautiful city. Santo Domingo de los Colorados now belongs to the province of Santo Domingo de los Tsáchilas, which was recently formed. The most important annual fair in Santo Domingo is celebrated with an influx of visitors, commerce, and cultural interchange. There is also a large fair in the Cattleman’s Association buildings, where they show and compete woth the best examples of the different breeds and crosses from the haciendas of the region.

José, despite having only completed secondary education, works as a car mechanic. He learned this trade through the years and has had his own shop for 10 years. He wants to strengthen his business by buying new tools and also certain replacement parts that are always needed when repairing his client’s vehicles. In this way, he will be able to provide better service, which he thinks will help him get more clients and also improve his income.

In order to achieve his goal, José would like to obtain a loan. The lack of opportunities for financing have been a big obstacle for this young man. Now, with what would be his first loan, José feels optimistic.
View original language description ↓
José es un hombre de 27 años soltero que vive en la parroquia "Rosa Zárate" de la ciudad de "Santo Domingo" que es una de las ciudades más jóvenes del país, actualmente se ha constituido en el punto de enlace entre las región Sierra y Costa del Ecuador. Es un sitio privilegiado, no solo por la riqueza étnica, sino también por los paisajes inusitados que se pueden encontrar desde el ingreso mismo a esta bella ciudad. Santo Domingo de los Colorados pertenece actualmente a la provincia de Santo Domingo de los Tsáchilas, recientemente conformada. La fiesta principal de Santo Domingo, se celebra con un movimiento intenso de visitantes, intercambio comercial y cultural. Una gran feria tiene lugar en las instalaciones de la Asociación de Ganaderos, allí se muestran y compiten los mejores ejemplares de las distintas razas y cruces que son criados en las haciendas de la región.

José a pesar de únicamente haber cursado la educación secundaria se desempeña como mecánico de vehículos, aprendiendo este oficio con el pasar de los años que a la fecha ya son 10 que tiene con su taller propio. Él desea fortalecer su negocio renovando sus herramientas y comprando ciertos repuestos que son mayormente demandados al momento de reparar los vehículos de sus clientes de esta manera podrá ofrecer un mejor servicio con lo que cree que tendrá mayor clientela y a mediano plazo aumentará sus ingresos.

Para lograr este objetivo José desea obtener un préstamo, la falta de oportunidades de financiamiento han sido un gran obstáculo para este joven por lo que hoy, al ser su primer credito José se siente optimista.

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
  • 40
    View loans »
    Ecuador Loans Fundraising
  • $23,449,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Jose Gabriel to buy new tools and to buy replacement car parts for his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2012
Listed
Sep 23, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 18, 2013