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Fredy Marcelo
Fredy is a hardworking young man who is 23 years old and single. He does not have children. He has taken several courses at the university and his greatest dream is to finish his studies in order to become a professional and contribute to his country’s development.

Fredy lives with his brother, Mario, in Quito, the capital of Ecuador, in a barrio called “Chillogallo,” which is located in the southern part of the city. Until recently the neighborhood was ignored as an area of strong economic growth in the capital. Now, however, this area is considered a strong center of economic growth. Here, hardworking families have struggled to succeed. The area’s inhabitants include both native-born and migrants from other cities and countries. It has been a meeting point for people from various provinces and it is being re-built with broad streets. It is an area with a high level of commercial activity and it is constantly growing and contributing to the economic growth of the city. Parks form spacious green zones where families get together on weekends. The people here have access to all kinds of services and they are entrepreneurs who take advantage of every opportunity to establish new businesses.

Three years ago, Fredy opened a store selling basic necessities in the area. He learned the business from some relatives and devotes at least six hours a day to it. Through his efforts, this business has been growing. Nevertheless he has often encountered difficulty in obtaining funding to expand his store. He needs a loan so that he can purchase products to stock his store and sell to his customers. In addition he wants to buy vegetables and fruits, which are in high demand from his customers. With the additional income he will receive, Fredy will be able to finance his university studies at a distance so that he can also tend to his business while he studies.

Thanks to Fundación Alternativa, this enterprising young man will be able to finally accumulate the capital that he has been unable to acquire until now. Thus he can continue to grow personally, as a business man and professionally.
View original language description ↓
Fredy es un joven emprendedor de 23 años, es soltero, no tiene hijos. Ha estudiado algunos niveles en la universidad y su mayor sueño es terminar allí sus estudios para convertirse en profesional y aportar en el crecimiento de su país. Vive con su hermano Mario en Quito la capital de los ecuatorianos, en el barrio llamado “Chillogallo” ubicado al sur de la ciudad, sector que hasta hace pocos años no era tomado en cuenta dentro de los sectores económicos fuertes de la capital de la República del Ecuador, ahora este sector es considerado una fuerza de la economía de la ciudad. En este lugar se encuentran familias emprendedoras que han luchado para sobresalir. Entre nativos y migrantes de otras ciudades y países, ha sido el punto de encuentro de habitantes de varias provincias, y está reconstruido con extensas calles, un sector en el cual su alta actividad comercial es cada vez más fortalecida y aporta en gran manera al crecimiento económico de la ciudad. Se destaca en esta zona los parques con amplias zonas verdes en los cuales se dan cita las familias los fines de semana. Hay gran accesibilidad a todo tipo de servicios y sus habitantes son emprendedores que aprovechan cada oportunidad que se presenta con establecimiento de nuevos negocios.
Fredy emprendió con el establecimiento de una tienda de artículos de primera necesidad en este sector desde hace 3 años; lo aprendió de algunos familiares e invierte al menos 6 horas en la atención del mismo. Con su esfuerzo este negocio se ha ido fortaleciendo, sin embargo la dificultad de conseguir financiamiento para el crecimiento de su negocio, ha sido un obstáculo que se ha presentado muy seguido. Fredy requiere un préstamo con el cual pueda comprar productos para llevar a su tienda y ofrecer surtido a sus clientes, además comprar algunas legumbres y frutas que siempre son solicitadas por quienes llegan a comprar al lugar. Con los ingresos adicionales que obtenga, Fredy podrá financiar la continuación de sus estudios universitarios a distancia para así no descuidar su negocio. Gracias a Fundación Alternativa, este joven emprendedor podrá obtener el capital que no ha conseguido antes y así crecer personal, laboral y profesionalmente.

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
  • 11
    View loans »
    Ecuador Loans Fundraising
  • $22,535,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Fredy Marcelo to purchase products to expand the selection of goods in his store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2013
Listed
Mar 25, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 21, 2014