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Alvaro
Álvaro is a modest man who lives in the Guambalo area of the city of Ambato. He is single, lives with his parents, and works to give them everything they need. He is hardworking, responsible, and acts lovingly toward his family and friends.

Álvaro is applying to FODEMI for a loan to buy quality onion seed for better production and to buy manure to improve and treat his land for the next planting. He dreams of buying a vehicle to transport and sell his products at the markets. He would use his earnings to go to college and improve his parents' lives.
View original language description ↓
Álvaro es una persona humilde, él vive en un pueblo llamado Guambalo situado en la ciudad de Ambato, Álvaro es soltero vive junto a sus padres y trabaja para darles todo lo que ellos necesiten. Álvaro se define como una persona muy trabajadora, responsable y con infinito amor hacia su familia y sus semejantes.
Álvaro solicita el presente crédito a FODEMI para invertir en la compra de semilla de cebolla de buena calidad para mejorar su producción y en el mejoramiento y tratamiento del terreno con la compra de abonos, para cuidarlo y darle mantenimiento para la próxima siembra.
El sueño que Álvaro tiene es llegar a comprarse un vehículo para el mismo ir a los mercados a comercializar su producto, y con estos ingresos estudiar la universidad y mejorar la calidad de vida de sus padres.

Additional Information

About VisionFund Ecuador

VisionFund Ecuador is a microenterprise development fund that supports groups of entrepreneurs who lack access to formal financial systems. The organization works with vulnerable populations, especially women, in the marginalized urban and rural sectors of Ecuador. Its clients work in a variety of sectors including agriculture, artisan crafts and the commercial and service sectors. Kiva lenders’ funds are used to expand the organization’s services to the poor living in more rural parts of Ecuador.

About Ecuador

  • $10,200
    Average annual income
  • 99
    View loans »
    Ecuador Loans Fundraising
  • $23,946,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Alvaro to buy quality onion seed for better production and to improve and treat his land.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2012
Listed
Jan 8, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014