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Jose Galo
José is a 54-year-old man who studied secondary education but later became a merchant. He is married to Susana who is 51 years old. They have three adult children who are 34, 32 and 21 years old. He lives with his wife in the south of the city of Quito, the capital of the Republic of Ecuador, specifically in the neighborhood of Chimbacalle, a very emblematic neighborhood of Quito. This is mainly because it is the dwelling place of the only train station in the capital which will be converted into a railway museum that, on par with the surrounding museums, has become one of the most visited tourist places in the country. Together with this attraction, in general, the southern sector of the city of Quito in recent years has developed considerably, both in an urban and economic sense. So investors have positioned themselves to sow their plans in several key places in this sector. The competition for small-businessmen is very strong, as one can find all kinds of businesses at every step. Chimbacalle harbors great stories of fighting men and women who have found in this high place in the city the opportunity to see their dreams fulfilled and also to be part of the growth of this area of the city.

José has made a living selling vegetables and fruits for 15 years from the time when he learned from a great friend from the Ecuadoran coast who was helping him in this activity. He doesn’t receive any help from additional people, he works alone in his business location at least 8 hours a day. Many times he can’t supply the orders of his customers because he doesn’t have the requested products. However, with his experience he states that his income would improve if he invests in stocking up on his products. For this reason José turned to Fundación Alternativa to request a loan with which he can make this idea a reality. José hopes that by investing this money and putting into practice the advice that his manager provides him with the tools for good administration of his business, he can increase the utility of his business to have a savings that in the future will allow him to purchase a truck to distribute wholesale to other sectors of the city and of the province. José is grateful for the intermediation of Kiva so that various people around the world participate in the fulfillment of his dreams.
View original language description ↓
José es un hombre de 54 años cursó la educación secundaria para luego convertirse en comerciante, está casado con Susana de 51 años, tienen 3 hijos ya adultos de 34, 32 y 21 años. Vive con su esposa en el sur de la ciudad de Quito capital de la República del Ecuador, específicamente en el barrio de Chimbacalle un barrio muy emblemático de Quito principalmente por ser la morada de la única Estación de trenes de la capital la cual se convertirá en un museo ferroviario que a la par con los museos de su alrededor se ha convertido en uno de los lugares turísticos más visitados del país. Sumado a este atractivo, en general, el sector sur de la ciudad de Quito en los últimos años se ha desarrollado notablemente tanto urbana y económicamente, es así que inversionistas han apostado para sembrar sus ideas en varios puntos clave de este sector. La competencia para microempresarios es muy fuerte, pues se puede encontrar negocios de todo tipo en cada paso. Chimbacalle alberga grandes historias de hombres y mujeres luchadoras que han encontrado en este lugar alto de la ciudad, la oportunidad de ver sus sueños cumplidos y además de ser parte del crecimiento de este sector de la ciudad.
José se ha dedicado a comercializar verduras y frutas desde hace 15 años, cuando aprendió de un gran amigo de la Costa ecuatoriana a quien le ayudaba en esta actividad. No recibe ayuda de personas adicionales, solo en su local trabaja al menos 8 horas diarias. Muchas veces no puede abastecer los pedidos de sus clientes porque no cuenta con los productos solicitados. Sin embargo con su experiencia, él afirma que sus ingresos mejorarían si invierte en surtir sus productos. Por esta razón, José acudió a Fundación Alternativa para solicitar un crédito con el cual pueda hacer realidad esta idea. José espera que invirtiendo este dinero y poniendo en práctica la asesoría que su ejecutivo le brinda con herramientas para la buena administración de su negocio; él pueda incrementar la utilidad de su negocio para tener un ahorro que en el futuro le permita adquirir un camión para distribuir al por mayor a otros sectores de la ciudad y de la provincia. José agradece la intermediación de Kiva para que varias personas alrededor del mundo participen en el cumplimiento de sus sueños.

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
  • 38
    View loans »
    Ecuador Loans Fundraising
  • $23,467,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Jose Galo to buy fruits, vegetables and legumes to stock his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2012
Listed
Nov 26, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 19, 2013