Check out some available loans that are similar to this one!
La Dicha Group
In this Group: Rebeca Ufracia, Flerida Alba, Florinda Fidelina, Laura Clemencia
Rebeca is 60 years old, is not married, and works hard every day to support her 16 year old child who is in high school. Rebeca was born to a poor family, and so she left education after primary school, for reasons beyond her control. She was born in Macará, Ecuador, and now lives with her partner and son in Los Bancos Cantón in a rural area of the Province of Pichincha. There are many places to visit in this Canton, such as rivers and forests, which attract many tourists. If these tourists visit during the regional festivals, they can see handicraft exhibitions and fairs with agricultural produce and livestock, which contribute to the livelihoods of many inhabitants. These activities, combined with trade, have provided private business opportunities in the form of hotels, hostels, and various tourism services.

However, the principal activity of this area is agriculture and livestock, which allow the rate of economic performance to increase every year, despite the lack of technology in the region. In the midst of meadows, countryside and mountains, the inhabitants of this place make the most of every opportunity or the needs of visitors and neighbors to turn their continuous business ideas into reality, which contributes to the growth of the sector.

Rebeca has worked for several years in her grocery store. She learned this trade from her family and now wants to grow her business, buying new stock. She has a dream that, one day, she will be able to buy a plot of land to raise chickens. It is for this reason that she works in her store every for up to 14 hours at a time, from sunrise to night. Although there is a lot of competition, Rebeca hopes to increase her profits and improve her family's standard of living.

Friends with the same enterprising spirit who want to succeed in their business activities have joined her. Their names are Alba and Florinda, and they work raising chickens to sell and hope to increase their earnings buying chickens and chicken feed, and making improvements to their cages. Florinda has two children who study, is single, and is 37 years old. Alba, meanwhile, is 56, never had the chance to study, and has overcome many hurdles due to her illiteracy. She has two teenage children who study.

Another member of this group is Laura, who is 31 years old and has two children aged 17 and six. She is single and makes a living selling bananas and corn on a stall in the street. The biggest challenge she faces every day is to transport her barbeque, table and containers from her stall to her home. She will use the loan to buy tools and supplies to improve her work.

These women have come together to request a loan from Fundación Alternativa, where, apart from trust and flexibility, they have received important tools to grow their businesses. They are grateful for Kiva's help enabling people around the world to make their dreams reality.
View original language description ↓
Rebeca es una mujer de 60 años, es soltera y se esfuerza cada día por llevar el sustento a su hijo de 16 años que está cursando la secundaria. Rebeca nació en un hogar con escasos recursos económicos, por lo que se educó en la escuela primaria, nació en Macará – Ecuador, por circunstancias ajenas a su voluntad, ahora reside junto con su pareja e hijo en el Cantón Los Bancos en la zona rural de la Provincia de Pichincha en el Ecuador. En este cantón se puede encontrar varios lugares para visitar como ríos y bosques que son visitados por varios turistas, quienes al coincidir en las fiestas del cantón pueden experimentar las exposiciones de artesanías y las ferias donde se exponen productos agrícolas y también ganado que son animales que conforman la riqueza de muchos habitantes. Estas actividades combinadas con el comercio han dado la oportunidad a la empresa privada para construir hoteles, hosterías y varias ofertas de servicios para turistas. Sin embargo la principal actividad de este pueblo es la agricultura y ganadería que cada año permiten que el índice de rendimiento económico suba cada año a pesar de la poca transferencia de tecnología al lugar. En medio de llanuras, paisajes y montañas, los habitantes de este lugar aprovechan cada oportunidad o necesidad de los visitantes y de quienes les rodean para llevar a cabo sus ideas de negocio que cada día crecen y aportan al crecimiento del sector.
Rebeca trabaja desde hace varios años en su tienda de artículos de primera necesidad. Aprendió con la experiencia de su familia y ahora quiere incrementar su negocio comprando productos que surtan su oferta. Ella sueña con algún día poder comprar un terreno que le permita dedicarse a la crianza de pollos. Para esto ella trabaja cada día atendiendo su tienda hasta 14 horas diarias desde que sale el sol hasta la noche. Aunque la competencia es grande, Rebeca espera que sus ingresos aumenten y así mejorar el estilo de vida de su hogar. Conjuntamente con Rebeca se han unido familiares amigos quienes poseen el mismo espíritu emprendedor de ella y desean sobresalir en sus actividades de negocio. Así se describe a Alba y Florinda; quienes se dedican a la crianza de pollos para su posterior comercialización y cada una espera incrementar sus ingresos comprando pollos, balanceado y mejorando los criaderos. Florinda tiene 2 hijos que estudian y es soltera, tiene 37 años. Alba en cambio tiene ya 56 años y no tuvo oportunidad de estudiar y ha atravesado muchos obstáculos por su analfabetismo, tiene 2 hijos adolescentes que estudian. Otra de las integrantes de este grupo es Laura de 31 años que tiene 2 hijos de 17 y 6 años, es soltera y se dedica a la venta de plátanos y choclos asados en un puesto que instala en medio de la calle. La dificultad más grande que tiene cada día es trasladar su parrilla, mesa y recipientes desde el lugar de venta hasta su casa. Utilizará el préstamo para comprar herramientas e insumos que mejoren su trabajo. Estas mujeres se han unido para conseguir un crédito en Fundación Alternativa en donde aparte de confianza y agilidad, recibieron de su ejecutivo herramientas importantes para el crecimiento de sus negocios. Agradecen la intervención de Kiva para que alrededor del mundo se sumen personas para hacer realidad 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
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $23,146,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of La Dicha Group's $1,075 loan helped a member to increase the stock of products in their business.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 23, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 18, 2013