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Luis Augusto
Luis is a young man of 22, single, and has a high-school education. He lives in Latacunga, the provincial capital of Cotopaxi, one of the provinces that forms part of Ecuador's mountain region, which has developed into one of the most important areas thanks to the agricultural, mineral, metallurgical and livestock industries. There are businesses that generate considerable income and have made Latacunga a commercial city with various opportunities for advancement. Although there is a high level of poverty, the enterprising spirit of the inhabitants has made it stand out. In the rural and urban areas one can find families taking advantage of their talents to launch a business idea that can earn the daily bread. This is the case of Luis, who at his young age is already the owner of a small restaurant where his passion for the national cuisine is on display. The need for stable work made him pursue this venture two years ago, and he works eight hours every day at his restaurant. Now he sees the need to remodel and expand, which despite his efforts has its costs. He is sure that his customers will feel more comfortable and get better service, which is why he is requesting a loan to purchase the supplies needed to carry out this objective. He turned to Kiva partner Fundación Alternativa, where he found a good option to look for help, since aside from the loans, they also have training so people like Luis have the skills to better administer their businesses. Luis hopes to increase his income and improve his quality of life.
View original language description ↓
Luis es un joven de 22 años, es soltero y pudo terminar la educación secundaria. Vive en Latacunga capital de la provincia de Cotopaxi, una de las provincias que forma parte de la Región Sierra del Ecuador y que los últimos años se ha desarrollado notablemente de tal forma que es considerada una de las más importantes de la región gracias a la industria florícola, minera, metalúrgica, agroindustria, agrícola y ganadera. Además existen establecimientos de negocios que generan interesantes ingresos lo que le convierte en una ciudad comercial y con varias oportunidades para salir adelante. Aunque hay un alto índice de pobreza el espíritu emprendedor de sus habitantes ha hecho que la ciudad sobresalga. En el sector rural y urbano se puede encontrar familias destacando sus talentos para emprender con alguna idea que les pueda generar rentabilidad para conseguir el sustento diario.
Es el caso de Luis quien a su corta edad ya es propietario de un pequeño restaurante en donde destaca su gusto y pasión por la gastronomía principalmente de la comida nacional. La necesidad y la falta de un trabajo estable lo llevaron a emprender con esta idea hace 2 años e invierte 8 horas cada día a la atención adecuada de su local. Ahora ve la necesidad de remodelar y ampliar este restaurante que tanto esfuerzo le ha costado. Está seguro que sus clientes se sentirán más cómodos y mucho mejor atendidos, para lo cual solicitó un préstamo para comprar los insumos necesarios para lograr su objetivo. Acudió a Fundación Alternativa en donde encontró una buena opción para buscar ayuda ya que aparte de entregar créditos, también capacitan para que personas como Luis cuenten con las herramientas para la buena administración de sus negocios. Luis espera un incremento de ingresos y con esto un mejor estilo de vida.

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
  • 48
    View loans »
    Ecuador Loans Fundraising
  • $23,878,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Luis Augusto to expand and decorate his restaurant.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2012
Listed
Oct 31, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 21, 2014