Teresa has grown in business thanks to the previous loan she got from Fundación Alternativa. Alongside her food business she’s been able to acquire clothes, cosmetics and costume jewelry that she sells from home; she manages and organizes orders placed by her new customers there. She hopes to be able to buy mannequins to display the clothes at home so that people visiting her to look for clothes can better visualize what she has on offer. Teresa dreams with being able to provide her children with an education she was unable to get and this is why her enterprising spirit has brought her to use her free time in this commercial venture that she can carry out without neglecting her family or her food business. Teresa hopes for support from all Kiva lenders in order to enlarge her business and be able to reach her dreams.
Teresa ha crecido en su negocio con la ayuda del último crédito que recibió en Fundación Alternativa. Paralelamente a su negocio de comida ha podido adquirir ropa, cosméticos y bisutería que vende en su casa y en donde administra y organiza los pedidos que le hacen sus nuevos clientes. Ella espera poder comprar maniquíes para exhibir la ropa en su casa y que quienes le visitan en busca de alguna prenda puedan visualizar de mejor manera el producto que ella ofrece. Teresa sueña con poder dar a sus hijos la educación que ella no pudo obtener, es por esto que su espíritu emprendedor la ha llevado a ocupar su tiempo libre en este emprendimiento comercial que lo puede llevar a cabo sin descuidar su familia y su negocio de comida.
Teresa espera el apoyo de todos los inversionistas de Kiva para poder engrandecer su negocio y poder cumplir sus sueños.
Previous Loan Details
Tereza is 36 years old, single and has a primary-school education. She works to provide for her three children, ages 12, 10 and 6, who help her with her business. They live in the Cooperativa 20 de Octubre neighborhood in the city of Santo Domingo, one of Ecuador's most important cities. It is am...
More from Tereza Elena's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.