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Edison Fabian
Edison, 22, is a young entrepreneur living with his parents. He completed secondary school and lives in San Rafael La Capilla that belongs to Otavalo in Imbabura Province. This is a place with much tourism. Most people living around him work as craftsmen making and selling reed mats. Edison sells these mats in the city of Napo.

He’s been doing this since the age of 15 having learned from his parents who also sell mats. He stopped going to school in order to go into this business because the lack of economic resources made staying in school impossible and now with the business he’s been able to learn much and also help at home with basic household expenses and utility costs.

He works from 5 in the morning until 6 in the evening going through the streets in the city to sell from street market to street market. Moving about has always been difficult because he must carry his merchandise on his back; he sells mats of various sizes.

The mats are made from ‘totora’ [texture of sedge, flags, or rushes] and depending on their size can take up to two hours to weave but they are very attractive to tourists.

Now Edison is asking for a loan to increase his merchandise for the Christmas season in which sales tend to improve to increase business and meet household needs and also to pay debts he has. Edison is very grateful to Fundación Alternativa and to Kiva for giving him the opportunity of continuing to increase his merchandise and to increase sales thus improving his life style.
View original language description ↓
Edison, es un joven emprendedor, soltero tiene 22 años vive con sus padres y los estudios realizó hasta la secundaria vive en San Rafael La Capilla perteneciente a Otavalo Provincia de Imbabura es un lugar de mucho turismo alrededor de donde él vive la mayoría de personas de esa zona se dedican a la artesanía de esteras al comercio y producción de esteras, Edison se dedica a la comercialización de esteras en la Ciudad de Napo.
Esta actividad la viene realizando desde los 15 años de edad, aprendió de sus padres que también se dedican a la comercialización de esteras, él dejó de estudiar para dedicarse a esta actividad por falta de economía dejó los estudios y ahora con este negocio ha podido aprender mucho y además puede ayudar en el hogar con los gastos de los servicios básicos. Trabaja desde las 5 de la mañana hasta las 6 de la tarde recorriendo las calles de la ciudad para hacer las ventas de feria en feria, ha sido muy difícil para él la movilización pues la mercadería la lleva siempre cargando en la espalda y ofrece esteras de diferentes medidas. La estera es elaborada con “totora” que dependiendo del tamaño se demora 2 horas en tejerlas, pero resultan ser muy atractivas para las personas que hacen turismo. Ahora Edison solicita un crédito para incremento de mercadería para esta temporada de navidad que las ventas suelen mejorar y así aumentar el negocio para solventar las necesidades del hogar y cubrir las deudas que mantiene. Edison está muy agradecido con Fundación Alternativa y Kiva por darle la oportunidad de seguir incrementando la mercadería y aumentar las ventas y así mejorar su estilo 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.

About Ecuador

  • $10,200
    Average annual income
  • 63
    View loans »
    Ecuador Loans Fundraising
  • $23,498,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Edison Fabian to buy reeds at wholesale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 21, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014