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Magola Elsira
Magola, 49, is an enterprising woman from Saquisilí, a canton in the province of Cotopaxi in the Republic of Ecuador. This area is very well known for selling dry grains. Magola's divorced and has a son, 21, who's already married and lives in the city of Latacunga. He visits his mother every day.

Magola makes a living selling fruit in the market in Sigchos, an area away from the city. She learned this business from her mother, who did this work her entire life and Magola inherited it from her. She goes to market on Monday and Sunday; the rest of the week she stays at home taking care of small animals such as chickens, guinea pigs, and pigs.

She has to go out and work because of her financial situation, as she doesn't have the support of her son's father. She worked in the field with her parents from a very young age. Now Magola takes care of her mother because her father died.

Magola's requesting the loan to invest in fruits and vegetables because her customers have asked for variety. She has a lot of demand because this is a commercial area. It's difficult for her right now to transport her products, which is why she can't go more often to sell her products. With the income from her small animals, though, she has been able to get ahead and pay for her own necessities and those of her mother, who's a senior citizen.

Her biggest dream is to be healthy and have a job so she can keep on taking care of her mother, who doesn't have anyone else.

Magola wants to extend her sincere thanks to Fundación Alternativa in Ecuador and to Kiva for this opportunity to be able to grow her business and improve her quality of life.
View original language description ↓
Magola, mujer emprendedora de 49 años de edad oriunda de Saquisilí, cantón perteneciente a la provincia de Cotopaxi, de la República del Ecuador, este sector es muy reconocido por la comercialización de granos secos, Magola es divorciada tiene un hijo de 21 años quien ya está casado y vive en la ciudad de Latacunga, visita a su madre todos los días.
Magola se dedica a la comercialización de frutas en el mercado de Sigchos, zona alejada de la ciudad, este negocio lo aprendió de su madre quien toda su vida se dedicó a esta actividad, y fue Magola quien heredó. Los días que sale a la feria son los lunes y domingos, el resto de la semana cuida de animales menores como son pollos, cuyes y cerdos, los mismos que tiene en su casa.
Por la situación económica tiene que salir a trabajar, ya que ella no cuenta con el apoyo del padre de su hijo, desde muy niña trabajó en el campo con sus padres, hoy Magola cuida de su madre ya que su padre murió.
Solicita el crédito para invertir en hortalizas y verduras ya que sus clientes le han solicitado variedad en sus productos, tiene mucha demanda ya que este sector es muy comercial, tiene dificultad al momento de trasladar su producto, es por esto que no puede ir más seguido a expender sus productos, pero con el ingreso de los animalitos ha podido salir adelante y solventar sus necesidades y las de su ya anciana madre.
Su mayor sueño es poder tener una buena salud y trabajo para seguir cuidando de su madre, ya que no cuenta con nadie más.
Magola quiere extender y hacer llegar un sincero agradecimiento a Fundación Alternativa en Ecuador y Kiva por la oportunidad que le brindan para poder crecer en su negocio y mejore su calidad de vida.

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.

Tags

About Ecuador

  • $10,200
    Average annual income
  • 33
    View loans »
    Ecuador Loans Fundraising
  • $23,467,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Magola Elsira to buy seasonal fruits and vegetables.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2013
Listed
Oct 8, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014