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Fredis Enrique
Fredis is a 32-year-old man. He was educated up to the end of secondary school and began to work to provide for his household, which is made up of his wife Mercy, who is 33 years old, and their three children. The children attend public school and he hopes to support them until they earn their professional degrees. Fredis lives with his family in Quinindé, a canton of the province of Esmeraldas, which supplies many cities in Ecuador with products like bananas, cacao, coffee, palm oil, and lumber. In addition, the majority of the inhabitants work in commerce every day in order to make a living, especially since the roads to this canton have been expanded, allowing for a great deal of commercial traffic. Especially on weekends, all kinds of vendors come out to offer their products to potential customers, who are usually from the rural areas, in the outdoor market. Tourism is also an important contribution to this canton, since the natural ecosystem has a large variety of places to visit—waterfalls, freshwater rivers, forests—that have flowers and animals that adorn this city.

Fredis began his farming business ten years ago, specifically with cacao, a crop that is very much in demand by export companies and chocolate makers. For this reason, Fredis carefully works at maintaining his crops, which takes at least six hours a day, as a moment's neglect would mean the plantings would be ruined and there would be great losses. With the experience that Fredis has gained in these years of business, he is sure that he is ready to increase his production volume. That's why he is requesting a loan to purchase seeds and fertilizers to properly sow new crops in the plots of land that he has already prepared. Fredis is sure that with this increase, he will be able to fill the large orders that he gets and thereby obtain greater earnings, enabling his business continue to grow and be recognized in the area by wholesale buyers of cacao. Fredis has always had trouble meeting the requirements that financial institutions demand in order to grant loans; however, Fundación Alternativa presented the Kiva product, with which it is possible to get the support of various people around the world who want to him to grow in his business venture.
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Fredis es un hombre de 32 años, se preparó hasta terminar la secundaria y comenzó a trabajar, para llevar el sustento a su hogar conformado por su pareja Mercy de 33 años y con quien tiene 3 hijos que estudian en la escuela pública y a quienes espera apoyar hasta que obtengan su título de profesionales. Fredis vive con su familia en Quinindé un cantón de la Provincia de Esmeraldas que provee a varias ciudades del Ecuador productos como banano, cacao, café, palma africana y productos forestales y además el comercio es el trabajo diario de la mayoría de sus habitantes para poder salir adelante y más aún cuando han incrementado las vías para llegar a este cantón lo que ha permitido un gran movimiento comercial en especial los fines de semana en donde salen comerciantes de todo tipo a ofertar sus productos en la feria a sus potenciales clientes que la mayoría de veces suelen ser campesinos. El turismo también es un aporte muy importante para este cantón pues su ecosistema natural tiene mucha variedad de lugares para ser visitados cascadas, ríos de agua dulce, bosques, que tienen flores y animales que adornan esta ciudad.
Fredis emprendió con la actividad de agricultura desde hace 10 años, específicamente con el cacao que es un fruto muy demandado a nivel de empresas exportadoras y también fabricantes de chocolates, es por esto que Fredis se dedica con mucho cuidado al mantenimiento de los cultivos lo que le lleva al menos 6 horas todos los días, pues al menor descuido, las plantaciones quedarían arruinados y habría mucha pérdida. Con la experiencia que Fredis ha ganado en estos años de negocio, él asegura que está listo para ampliar el volumen de producción por lo que solicita un préstamo que lo utilizará en la compra de semillas y abono para realizar la siembra adecuada de nuevos cultivos en las áreas del terreno que Fredis ya ha preparado. Fredis está seguro de que con este incremento, podrá cubrir los pedidos grandes que le hacen y por ende obtendrá mayor ganancia, lo que hará que su negocio crezca cada vez más y así pueda ser reconocido en la zona por aquellos compradores que compran cacao al por mayor. Fredis siempre tuvo la dificultad de no reunir todos los requisitos que las instituciones financieras solicitan para otorgar créditos, sin embargo Fundación Alternativa le presenté el producto de Kiva con el cual es más factible conseguir el apoyo de varias personas alrededor del mundo que quieren crecer con su emprendimiento.

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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

  • $10,200
    Average annual income
  • 15
    View loans »
    Ecuador Loans Fundraising
  • $22,607,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Fredis Enrique to buy seeds and fertilizer for his crops.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2013
Listed
Jun 21, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014