Check out some available loans that are similar to this one!
Luis Baltazar
Luis is a 54 year old man. He grew up in the countryside with his mother who, with great effort, was able to provide Luis with a primary school education. Getting back on his feet after the loss of his wife was very tough for him. However, he did not give up and struggled on for his son who had lost his mother. Now his son is an independent adult and Luis lives alone in the parish of Río Verde, an area full of history.

The parish is located in Santo Domingo, the capital of the Santo Domingo de los Tsáchilas province in Ecuador, which has sustained high growth over the past number of years. The most attractive and interesting feature of Santo Domingo city is its delicious fruit and the local gastronomy. The level of business carried out here is also considerable as it has become an inland hub for commercial activity between the country’s mountain and coastal regions. Furthermore, its many tourist attractions and warm climate make it a popular destination for domestic and foreign tourists. For this reason, most of the city’s inhabitants are involved in some form of commercial activity or service for local residents and tourists.

Two years ago, with the experience he acquired in other jobs, Luis decided to become an independent micro-entrepreneur. He sells cement blocks which are used for residential construction. He works all day in this business, mixing cement and preparing the materials. Now he needs a loan to buy raw materials in cash and wholesale in order to increase his sales. This will provide him with income to improve his quality of life.

When asked how he found Fundación Alternativa in order to request the loan that he needs, Luis replied that it was thanks to the recommendation of a friend who was very satisfied with the service, advise and flexibility and trust that he had received. Luis was very excited when he learned that to grow his enterprise there are people around the world who can make a contribution thanks to the intermediary work that Kiva carries out in favour of vulnerable people.
View original language description ↓
Luis es un hombre de 54 años creció en el campo con su madre quien con esfuerzo pudo suplir la educación primaria de Luis. Para él fue muy duro reponerse de la pérdida de su esposa, sin embargo no se dio por vencido y luchó por su hijo que quedó en orfandad de su madre. Ahora su hijo es un adulto independiente y Luis vive solo en la Parroquia de Río Verde, un lugar histórico de Santo Domingo, la capital de la Provincia de Santo Domingo de los Tsáchilas, una provincia de Ecuador que en los últimos años ha tenido 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. También 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. Además cuenta con 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.
Luis desde hace 2 años y con la experiencia adquirida en otros trabajos decidió ser un microempresario independiente, vendiendo bloques de cemento que sirven para la construcción de viviendas. Trabaja todo el día en esta actividad, mezclando el cemento y preparando los materiales. Ahora requiere un préstamo para comprar materia prima de contado y al por mayor para poder incrementar sus ventas que le darán ingresos para mejorar su estilo de vida. Al preguntar a José cómo llegó a Fundación Alternativa para solicitar el crédito que necesita, él responde que fue gracias a la recomendación de un amigo que estaba muy satisfecho con la atención, asesoría, agilidad y confianza que le brindaron y se siente muy emocionado al saber que para el crecimiento de su emprendimiento, hay más de una persona involucrada alrededor del mundo gracias al trabajo de intermediación que hace Kiva en favor de estas personas vulnerables.

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

  • $10,600
    Average annual income
  • 53
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Luis Baltazar to buy materials and supplies to make cement blocks.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2012
Listed
Jan 24, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013