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Miguel Emiliano
Miguel is a 50 year-old man who grew up living with his parents in a town in the countryside, where he was able to finish elementary school. He moved when he was very young in search of better opportunities, and he married Maria, a hardworking woman, who is now 54 years old and with whom Miguel has 3 children. His children are now independent, each one having formed their own family. Now Miguel lives with his wife in their home in Quito, the capital of Ecuador, in a neighborhood called "Chillogallo," located in the southern part of the city. This is an area that, until just a few years ago, was not considered to be one of the economic strongholds of the capital of the Republic of Ecuador. But now this area is considered a force in the economy of the city. Here, there are enterprising families who have fought to get ahead. Between the natives, and migrants from other cities and countries, this area has been a meeting place for residents from various provinces. The area has been rebuilt with extensive streets, and is a neighborhood with a high level of commercial activity that keeps on getting more active, and supports the economic growth of the city in an important way. This area is outstanding because of its parks and extensive green areas, where families get together on the weekends. A large variety of services are accessible here, and the residents are entrepreneurs who take advantage of every opportunity that presents itself by launching new businesses.

Miguel learned to farm from his parents, and he's been doing this work for 6 years because there was no work available in private companies, and his needs were growing over time. Miguel spends a number of hours each day, including on weekends, working on his small plot of land where he mostly grows potatoes. He sells his crops in the main markets in the city and town. He is assisted by his wife, who also carries out the household chores.

Miguel wants to increase his production of crops. To do this, he is requesting a loan to invest in seeds and in fertilizer to care for the crops and the land. With this increased production his profits will increase, and so he will be able to support his household and also improve his family's quality of life. Miguel is aware that over time, his strength will diminish and it will become difficult for him to continue to farm, so he is putting a lot of effort into generating profits from his business and he expects to save for his future needs for health and support. Miguel is grateful for this opportunity to receive this loan from Fundación Alternativa; they have demonstrated their concern for his person growth and job stability.
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Miguel es un hombre de 50 años creció en un pueblo de campo junto a sus padres, donde pudo terminar la escuela primaria, se mudó siendo muy joven en busca de mejores oportunidades y se casó con María una mujer trabajadora que ahora tiene 54 años y con quien Miguel tuvo 3 hijos quienes son independientes y cada uno ya formó su familia. Ahora Miguel vive con su esposa en su casa 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.
Miguel aprendió de sus padres la actividad de la agricultura, labor a la que se dedica desde hace 6 años, ya que había falta de empleo en la empresa privada y la necesidad cada vez era más grande; Miguel invierte varias horas todos los días incluidos los fines de semana en el pequeño terreno que en su gran mayoría tiene cultivos de papas, las cuales comercializa en los principales mercados de la ciudad y del pueblo y también recibe ayuda de su esposa quien además se ocupa de los quehaceres del hogar. Miguel desea incrementar la producción de sus cultivos para lo cual ha solicitado un préstamo que lo invertirá en la compra de semillas y fertilizantes para el cuidado de la tierra y los cultivos. Con este incremento sus utilidades serán mejores y así podrá llevar el sustento a su casa y además mejorar la calidad de vida con su esposa. Miguel es consciente de que con el paso de los años sus fuerzas se debilitarán y luego se le dificultará realizar el trabajo que realiza, pero mientras eso suceda, él pondrá mucho empeño en generar utilidades con su negocio y preverá un ahorro para las necesidades de salud y sustento que pueda tener en el futuro. Miguel está agradecido por la oportunidad de obtener el crédito con Fundación Alternativa, quienes además han demostrado estar preocupados por su crecimiento personal y estabilidad laboral.

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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.

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About Ecuador

  • $10,600
    Average annual income
  • 48
    View loans »
    Ecuador Loans Fundraising
  • $24,300,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Miguel Emiliano to buy seeds and fertlizers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2013
Listed
Jun 22, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2014