Check out some available loans that are similar to this one!
Nelson Miguel
Nelson is a 30 year old young man. He is single and doesn’t have children. He grew up in the country, where his parents taught him about animal husbandry and agriculture. Due to a lack of economic resources, he wasn’t able to continue his studies, although with great effort he did finish primary school. Nelson lives in the Valle Hermoso neighborhood of the Santo Domingo canton, or district, in Ecuador. Valle Hermoso is a very rural area in which there are about ten thousand residents. It is a destination for the lovers of extreme sports, because the waterfalls and rivers are the best resources for that. It is an area with a hot climate, and its residents have an impressive enterprising spirit, because in spite of the transportation difficulties that exist, they always have a way of generating income for each of the families. There aren’t any buses that reach this precinct; only motorcycles have access to the area. For this reason, the majority of people head out on Fridays to the city via motorcycle.

Twelve years ago Nelson established his own pig farm, something that he learned how to do at home as a young boy. When it became time for him to look for a way to support himself, he decided to undertake his own business enterprise. He works between 8 and 10 hours a day, seven days a week, because his customers could come to buy pigs at any time, without notice. The land where he breeds the pigs was inherited, but he hasn’t managed to legalize his ownership with the proper paperwork due to a lack of resources to hire a lawyer and cut through the red tape. For this reason, Nelson is asking for a loan that will help him to complete the legal procedures and, in that way, support his inheritance so he can avoid any future risk that someone might take away his property.

Additionally, Nelson will be able to buy another pig, which will create additional income. This will help him to improve his quality of life and improve the administration of his job everyday.

Thanks to Fundación Alternativa, his growth is possible, because they haven’t dragged their feet in going to his home and getting to know his business and the details of his work, even when they faced a lot of difficulty in getting there.
View original language description ↓
Nelson es un joven de 30 años, es soltero no tiene hijos, creció en el campo en donde sus padres le enseñaron la crianza de animales y las labores de agricultura, por falta de recursos económicos no pudo continuar sus estudios, culminando con gran esfuerzo la escuela primaria. Nelson vive en la Parroquia Valle Hermoso del cantón Santo Domingo en Ecuador. Valle Hermoso es una parroquia rural en donde hay aproximadamente diez mil habitantes, es el escenario para los amantes de los deportes extremos, pues sus cascadas y ríos son los recursos naturales más adecuados para esto. Es un sitio con clima cálido y sus habitantes tienen un espíritu emprendedor impresionante, pues a pesar de la dificultad de transporte que tienen siempre hay una forma de generar recursos para cada una de sus familias. No hay buses que llegan hasta este recinto, pues solo las motos tienen acceso por lo que la mayoría de personas salen los viernes hacia la ciudad, día en el que hay motos que los transportan.
Nelson desde hace 12 años estableció su propio criadero de cerdos, actividad que la aprendió desde muy niño en su hogar y cuando tuvo que buscar el sustento por sí solo, decidió emprender su proyecto de negocio propio al cual le dedica entre 8 y 10 horas cada día de lunes domingo pues sus clientes van hasta el lugar para comprar los cerdos sin previo aviso. El terreno donde tiene los criaderos es heredado pero no ha podido legalizar su pertenencia con las escrituras respectivas debido a la falta de recursos para contratar un abogado y hacer las respectivas gestiones legales que se necesitan. Por esta razón, Nelson ha solicitado un préstamo que le ayudará a hacer el trámite de legalización respectivo y así sustentar su patrimonio para evitar el riesgo futuro de que le quiten su propiedad.
Además Nelson podrá comprar un cerdo adicional lo que le generará un ingreso extra que lo ayudará a mejorar su estilo de vida y a mejorar cada día en la administración de su trabajo.
Gracias a Fundación Alternativa su crecimiento está siendo posible, pues no pusieron obstáculos para llegar hasta su casa y conocer de su negocio y los pormenores de la actividad que realiza aun cuando hay mucha dificultad para llegar hasta allí.

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
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Nelson Miguel to complete the legal procedures and to pay the lawyer in order to legalize the ownership of his farm land.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014