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Mary Jeaneth
Mary is a 28 year old young woman. She went to school through primary school. She got married when she was very young to Byron who is now 29 years old and the co-owner of the family business. He also works in transportation, traveling outside the city to the coastal region of Ecuador. They have two children, Kevin, who is 10 years old, and Britany, who is 2. Kevin studies at the public school in the city and Britany stays at home with her mother.

The family lives in Latacunga, the capital of the Cotopaxi province, which is one of the provinces that forms part of the Sierra region of Ecuador. In the last few years it has developed and is considered one of the most important in the region thanks to the flower, mineral, metallurgy, agro-industry, farming, and livestock industries. In addition, there are businesses that generate interesting income that make it a commercial city with various opportunities to get ahead.

Mary has worked for nine years making cement blocks. She has known this activity all her life since all of her family work doing the same thing. Together with her husband, she works at least nine hours a day preparing the materials, mixing, forming, and finishing the blocks. Recently, demand has increased and a lack of materials prevents her from serving all of her customers. In addition, in the rainy season, the blocks take more time to dry. This has led Mary to request a loan to purchase 46 kilogram sacks of cement and sand at wholesale so that she gets a better price. This will allow her to increase production so that she will generate higher profits. One day she hopes to realize her dream of purchasing a truck to be able to make deliveries to her customers' homes. Mary appreciates the openness and trust that Fundacion Alternativa has in her since many times it has been difficult to obtain a loan from other financial entities. Mary sends much gratitude to everyone around the world that is making her family's quality of life improve through Kiva.
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Mary es una mujer joven de 28 años, aprobó sus estudios hasta la instrucción primaria, se casó siendo muy joven con Byron que actualmente tiene 29 años y es copropietario del negocio familiar y además trabaja en transportes que viajan fuera de la ciudad hasta la Región Costa del Ecuador. Tienen 2 hijos; Kevin que tiene 10 años de edad y Britany que cuenta con 2 añitos, Kevin estudia en la escuela pública de la ciudad y Britany aún está al cuidado de su madre en casa. Esta familia esforzada vive en Latacunga capital de la provincia de Cotopaxi, una de las provincias que forma parte de la Región Sierra del Ecuador y que los últimos años se ha desarrollado notablemente de tal forma que es considerada una de las más importantes de la región gracias a la industria florícola, minera, metalúrgica, agroindustria, agrícola y ganadera. Además existen establecimientos de negocios que generan interesantes ingresos lo que le convierte en una ciudad comercial y con varias oportunidades para salir adelante.
Mary se dedica a la elaboración de bloques de cemento desde hace 9 años aunque ya conocía sobre esta actividad de toda su vida, pues en su familia también se dedicaban a lo mismo. Ella junto a su esposo dedican al menos 9 horas cada día a la preparación de materiales, mezcla, forma y terminado de los bloques. En los últimos días la demanda ha incrementado y la falta de material no le permite cumplir con todos sus clientes, mucho más cuando en época de lluvia los bloques tardan más tiempo con el proceso de secado. Es por esto que Mary ha solicitado un préstamo que le permita comprar quintales de cemento y arena al por mayor para conseguir a mejor precio y así incrementar la producción lo que por ende, le generará mayores utilidades para un día poder hacer realidad su sueño de comprar un camión para poder hacer entregas a domicilio. Mary agradece la apertura y confianza que Fundación Alternativa ha tenido con ella, ya que muchas veces se le dificultó la obtención de un crédito en otras entidades financieras. Mary envía mucha gratitud a quienes alrededor del mundo y a través de Kiva, están aportando para que la calidad de vida de su familia mejore.

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
  • 58
    View loans »
    Ecuador Loans Fundraising
  • $23,551,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Mary Jeaneth to purchase materials and tools to increase her production.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 19, 2013