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Maria Ubaldina
María is 57 years old. She studied and passed primary school, and has worked since she was very young, learning different jobs ranging from household chores to making cement blocks. She is single, and when she was 23 years old, she had a son, who now has his own family, with whom María lives in Latacunga, which is the capital of the province of Cotopaxi.

Cotopaxi is one of the provinces that make up the mountainous region of Ecuador. In recent years it has experienced a significant amount of development, such that it is now considered one of the most important of the region, thanks to its flower-growing, mining, metallurgy, agribusiness, agriculture and livestock industries. Latacunga, moreover, has many businesses that generate significant revenues and which make it a city of commerce with various opportunities to get ahead. Although there is a high poverty index, the entrepreneurial spirit of its inhabitants has made the city excel. There are families in both the rural and urban sectors that stand out for their talent for pursuing an idea that can generate profit for them and permit them to meet their daily needs.

María learned to make cement blocks for building houses from her sister, with whom she worked for a long time. Two years ago she decided to start her own business, putting into practice the experience she gained while working with her sister. María invests at least eight hours every day preparing the raw material, making the bricks and then piling them up. All of these tasks have a high level of difficulty and are even risky. Nevertheless, María has continued with her work with the hope that one day she will achieve her dream, which is to have her own home so that she can live out her later years in peace and comfort.

María is requesting a loan to buy materials and supplies for making cement blocks. She says that sometimes she does not have some of the necessary materials or supplies for making cement blocks and that this stops her production. She also says that in general the orders are always in bulk, so that she cannot permit herself to run out of product. Unfortunately, on occasions she has lost sales because she has not had some primary materials in stock because of a lack of capital. Someone recommended that she request a loan from the field partner, where, she says thanks to Kiva, they can give her the economic help that she needs to continue production, grow her business and increase her profits. With these profits, she hopes to improve the quality of life of her son, daughter-in-law and grandchildren with whom she lives.
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María es una mujer de 57 años, estudió y aprobó la educación de la escuela primaria, trabajó desde muy joven aprendiendo distintas labores desde los quehaceres del hogar hasta la fabricación de bloques de cemento. María es soltera y a sus 23 años tuvo un hijo que ahora ya tiene su propia familia con quienes María 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. Aunque hay un alto índice de pobreza el espíritu emprendedor de sus habitantes ha hecho que la ciudad sobresalga. En el sector rural y urbano se puede encontrar familias destacando sus talentos para emprender con alguna idea que les pueda generar rentabilidad para conseguir el sustento diario.
María aprendió a elaborar bloques de cemento para la construcción de casas gracias a la instrucción de su hermana con quien trabajó mucho tiempo en esta labor, hace 2 años decidió emprender el negocio por sí misma, poniendo en práctica la experiencia que ganó con su hermana. María invierte al menos 8 horas cada día en la preparación del material, elaboración y arrumando los bloques, labor cuyos procesos tienen un nivel de dificultad alto y hasta riesgoso, sin embargo María ha continuado con la esperanza de un día cumplir su sueño de tener su casa propia para así tener una vejez tranquila y confortable. María solicita un préstamo para invertir en material e insumos para la elaboración de sus bloques, pues en ocasiones la falta de algún insumo o material detiene la producción y por lo general los pedidos son siempre al por mayor, por lo que María no puede permitirse una falta de producto, sin embargo en ocasiones ha perdido ventas ya que no podía abastecerse de materia prima por la falta de capital, sin embargo alguien le recomendó ir a solicitar el crédito en Fundación Alternativa en donde gracias al producto Kiva, le pueden prestar la ayuda económica que necesita para seguir produciendo y crecer en su negocio y de esta forma sumar sus ganancias con lo cual puede aportar al mejoramiento de calidad de vida de su hijo, nuera y nietos con quienes vive.

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

  • $10,600
    Average annual income
  • 99
    View loans »
    Ecuador Loans Fundraising
  • $24,223,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Maria Ubaldina to buy materials and supplies for making cement blocks.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2013
Listed
Jul 26, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014