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Victor Raul
Victor, 61, grew up in a family of scarce economic resources so when he finished elementary school he started to help his parents working hard doing heavy work. Now, he’s married to Georgina, 72, and they’ve gone through obstacles together like the inability to have children since treatments were very costly. However, they’ve gotten ahead and live in Latacunga, capital of Cotopaxi Province, one of the provinces that make up the Sierra Region of Ecuador and that in recent years has developed significantly and is now considered one of the region’s most important thanks to the flower growing industry, mining, metallurgy, agroindustry, agriculture and animal husbandry. In addition, there are businesses established here that generate important income transforming it into a commercial city with several opportunities for getting ahead. Although there’s a high poverty index, the enterprising spirit of its residents has made the city stand out. Families can be found both in the rural and urban sectors that stand out because of their skills in taking off with an idea that can generate profits for them in order to obtain daily sustenance.

Victor learned from his parents how to manufacture concrete blocks and thanks to his enterprising spirit has been doing this work for the last 32 years. He works every day for between 10 and 12 hours and even this is not enough to meet customer demand mainly because production is time consuming and requires much care.

Victor is asking Fundación Alternativa for a loan to buy materials and to pay a person to help him with production so that he can offer a larger number of bricks and attract more customers and increase his profits that he’ll use to support him and his wife for a stable future with good health and also to pay some pending tax debts. Victor is thankful for Kiva’s involvement in being part of this step towards growth both in his work and in his family life.
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Víctor es un hombre de 61 años, creció en una familia de escasos recursos económicos por lo que cuando acabó la primaria, ya se dedicó a ayudar a sus padres con duro y esforzado trabajo. Ahora está casado con Georgina de 72 años. Juntos han atravesado grandes obstáculos como la imposibilidad de tener hijos, ya que los tratamientos eran muy costosos. Sin embargo, han salido adelante y viven 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.
Víctor aprendió de sus padres la actividad de elaborar bloques de cemento, y gracias a su espíritu emprendedor ha llevado a cabo este trabajo desde hace 32 años. Trabaja todos los días entre 10 y 12horas y aun así la producción que realiza no abastece la demanda de sus clientes, principalmente porque la elaboración del producto toma mucho tiempo y cuidado. Víctor solicita un crédito a Fundación Alternativa para adquirir materiales y poder pagar a una persona que le ayude en la producción de tal forma que se oferte mayor cantidad de ladrillos y así atraer más clientes e incrementar sus ganancias las cuales utilizará para sustentar a su esposa y a él, un futuro estable, con salud, y también para pagar algunas deudas de impuestos que están pendientes. Víctor agradece la intermediación de Kiva por ser parte de este paso de crecimiento en su vida laboral y familiar.

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
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,837,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Victor Raul to buy raw materials and to hire someone to help him with production.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2012
Listed
Nov 27, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 21, 2014