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Ciudad Nueva Group
In this Group: Angelica Estefania, Darwin Stalin , Martha Piedad , Milton Anibal , Francisca Santa
Angélica, 28, has gotten ahead despite various obstacles that have arisen in her life. Despite her wish to become a professional, she was only able to complete secondary school. She lives with her spouse who works as an employee in a private firm. She has two children with him who are students. They live in Bombolí Parish located in Santo Domingo, capital of Santo Domingo de los Tsáchilas Province, a province in Ecuador with a high degree of sustained growth. Its capital is a city whose greatest attraction is its delicious fruit and the local cuisine. It has considerable commerce because it’s become a land port of commercial interchange between the country’s coastal and mountain regions. Thanks to its various tourist attractions and warm climate it’s visited by national and foreign tourists alike. Because of this, most residents have started commercial or service enterprises for residents and tourists.

Angélica leads the “Ciudad Nueva” (New City) group, a group of five people who joined together with the same objective: to find support to improve and grow in businesses they started some years ago in order to improve their and their families’ quality of life.

Angélica works selling casual clothes from place to place. She wanders the long streets in her city to visit customers offering them the good she has in stock and taking orders for items she can later get from her suppliers. Angélica started this activity a few years ago because she needed to contribute towards household expenses and help pay for her children’s schooling. As a dedicated mother, she dreams with seeing her children become professionals.

Due to competition in her business, she offers low, competitive prices but hopes to get this loan to buy seasonal clothes at wholesale to meet demand from customers who are women, men and children to increase income that will help her improve her home’s quality of life.

Her friends are entrepreneurs like her. Darwin, Martha and Francisca raise chickens to then sell and will use the loan to buy chicks and feed for them. Milton, on the other hand, at the age of 23 already has a paint shop and needs the loan to buy paint, sandpaper, thinner and hammers. All their businesses have stopped growing due to the lack of capital and loan opportunities. Now, in order to reach their goals they called on the Santo Domingo branch of Fundación Alternativa where they received quick service and trust.

The group members have hard work in common and they strive daily and none of them has given up because their personal and family motivations give them strength to continue forward striving towards their dreams.
View original language description ↓
Angélica es una mujer de 28 años, ha salido adelante a pesar de varios obstáculos que se presentaron en su vida. A pesar de su deseo de ser una profesional, ella sólo alcanzó a terminar sus estudios de instrucción secundaria. Vive con su pareja que trabaja como empleado en una empresa privada y con quien tiene 2 hijos estudiantes. Viven en la Parroquia de Bombolí, ubicada en Santo Domingo, la capital de la Provincia de Santo Domingo de los Tsáchilas, una provincia de Ecuador con un alto crecimiento sostenido. Su capital es una ciudad en donde lo más atractivo y llamativo son sus deliciosas frutas, y la gastronomía que ofrecen en el lugar. Cuenta con un comercio considerable ya que se ha convertido en un puerto terrestre de intercambio comercial entre las regiones Sierra y Costa del país. Sus varios atractivos turísticos que acompañados de su clima cálido son muy concurridos por turistas nacionales y extranjeros. Es por esto que la mayoría de sus habitantes han emprendido con alguna actividad comercial o de servicios para habitantes y turistas.
Angélica lidera el Grupo “Ciudad Nueva”, un grupo de 5 personas que se unieron tras el mismo objetivo; buscar apoyo para mejorar y crecer con el negocio que emprendieron hace algunos años para mejorar su calidad de vida y la de sus familias.
Angélica se dedica a la comercialización de ropa casual, la cual vende de forma ambulante, recorriendo las largas calles de su ciudad, para visitar a sus clientes y ofrecerles la ropa que tiene en stock y tomando nota de los pedidos que le hacen para que luego ella pueda pedir a su proveedor. Angélica emprendió con esta actividad desde hace algunos años ya que era necesario aportar con los gastos de la casa y de la educación de sus hijos, pues como madre luchadora, sueña verlos a sus hijos convertidos en profesionales. Debido a la competencia en su negocio, ella ofrece precios bajos y competitivos pero espera obtener este préstamo para invertir en la compra de ropa de temporada al por mayor y así cumplir con la demanda de sus clientes que son mujeres, caballeros y niños y así poder incrementar sus ingresos que ayudarán a mejor la calidad de vida en su hogar.
Sus amigos emprendedores como ella; Darwin, Martha y Francisca se dedican a la crianza de pollos para su posterior comercialización y utilizarán el préstamo en la compra de pollos y balanceado para su alimentación. Milton en cambio a sus 23 ya tiene un taller de pintura y necesita el préstamo para invertir en compra de pintura, lijas, tiñer y martillos. Estas personas han detenido el crecimiento en sus negocios debido a la falta de capital y oportunidades de créditos, ahora para lograr este objetivo acudieron a la sucursal que Fundación Alternativa tiene en Santo Domingo y en donde les brindaron agilidad y confianza. Los integrantes de este grupo tienen en común el trabajo duro y esforzado que realizan cada día y que sin embargo no ha sido causa para que alguno se dé por vencido, pues sus motivaciones personales y familiares les fortalecen para seguir adelante y luchar por 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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Ecuador

  • $10,200
    Average annual income
  • 49
    View loans »
    Ecuador Loans Fundraising
  • $23,872,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Ciudad Nueva Group's $3,875 loan helped a member to buy seasonal clothing.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Jan 17, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013