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Edy Fernando
Edy is a 47-year-old single man who has an elementary school level of education and lives with his 15-year-old son and 12-year-old daughter. The family lives together in a rural parish, in the city of Quito, the capital of Ecuador. The parish is called Gualea and it is in the north-west of Pinchincha province which was home to an Ecuadoran culture known as Los Yumbos. This area boasts a diversity of flora and fauna, as well as rivers and waterfalls which are crystal clear and attract both domestic and international tourists. Locals make the most of this opportunity to offer tours, accommodations, food and outdoor sports such as horse riding, etc. Other common businesses in the area are livestock raising (for meat and milk) and the farming of sugarcane, cassava, maize, oranges, mandarins and papaya. Hand-made crafts are also a good business opportunity here and the goods are in demand because they use natural materials such as seeds. As a result of all this, the local authorities have worked to install adequate systems so that all of the 2,000+ inhabitants have access to basic services.

Edy has the opportunity to develop the livestock-raising business that he learned from his parents and which he has been working in for the last 26 years. Every day, he gets up very early to milk his cows and goes out to sell their milk to his customers. He works for eight hours, sometimes more. Edy sees Fundación Alternativa as offering an opportunity to grow his business because they provide support to the rural community through loans and training. He requested a loan to buy more cows so that he can increase his production and thereby improve his income and cover all his children's needs because, one day, he would like to see them become top professionals.
View original language description ↓
Edy es un hombre de 47 años, soltero, tiene cursados estudios de primaria y vive con su hijo de 15 años y su hija de 12. Juntos viven en una parroquia rural de la ciudad de Quito capital de la provincia del Ecuador, su nombre es Gualea, parroquia ubicada al noroccidente de la Provincia de Pichincha, que fue residencia de una cultura ecuatoriana conocida como Los Yumbos. Es un lugar poseedor de diversidad de flora y fauna y además ríos y cascadas que son una fuente cristalina que atrae turistas nacionales y extranjeros, por lo que sus habitantes aprovechan la oportunidad para ofrecer tours, servicio de hospedaje, alimentación, deportes naturales como cabalgatas, etc. Otro medio de producción de la zona es la ganadería con la producción de leche y carne y también la agricultura con la producción de caña de azúcar, yuca, caña, maíz, naranjas, mandarinas y papayas. Las artesanías elaboradas a mano también son una oportunidad de negocio en el lugar, que son demandadas por el uso particular de materiales naturales como semillas del bosque. Por todo esto las autoridades locales se han preocupado por hacer instalaciones adecuadas para que todos sus más de 2000 habitantes tengan acceso a los servicios básicos.
Edy encontró la oportunidad de crecimiento en la actividad ganadera que le enseñaron sus padres y en la cual emprendió desde hace 26 años. Cada día se levanta muy temprano para ordeñar sus vacas y salir a vender la leche a sus clientes, lo que suma 8 horas y a veces más. Edy mira a Fundación Alternativa como una oportunidad de crecimiento, por el apoyo que brindan al sector rural con créditos y capacitaciones oportunos, por lo que solicitó un crédito con el cual comprará más vacas para incrementar su producción y de esta forma mejorar sus ingresos y así cubrir por completo las necesidades de sus hijos a quienes espera un día poderlos ver convertidos en unos excelentes profesionales.

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
  • 66
    View loans »
    Ecuador Loans Fundraising
  • $23,510,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Edy Fernando to buy cows to produce more milk.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2012
Listed
Sep 27, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 18, 2013