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Jaime Samuel
Samuel is a young, 19-year old entrepreneur. He is single and lives with his mother, who works as a seamstress. They live in the city of Santo Domingo de los Tsachilas, situated in the coastal region. It is a very productive city, and its people are very dedicated to commerce, since it is the city that connects the mountains to the Ecuadoran coast and is well visited.

Samuel finished high school thanks to his parents' support, and one of his dreams is to study medicine. However, due to a lack of funds, he decided to postpone his studies.

This brave and entrepreneurial man has made his living doing construction work in order to cover his expenses and help his mother with household expenses. Nevertheless, he felt that he should work harder in order to achieve his dream. That was how he came to visit the offices of Fundación Alternativa, because a client gave him very good references and he found out that the institution helps young entrepreneurs.

Samuel needs this loan to be able to buy 40 quintals of rice and launch his small convenience store. He learned this business from his mother, who in her younger days used to sell convenience store items, so Samuel already has customers whom he will visit in the afternoons providing them with delivery service. Some mornings, he will continue to work as a construction worker.

He is very happy because with his earnings from the business, he will be able to save in order to continue his studies and be an excellent professional who serves his community and saves lives.

Samuel is grateful to Fundación Alternativa who, through Kiva, will be able to finance his undertaking, putting in him the faith that he needs to get ahead.
View original language description ↓
Samuel es un joven emprendedor de 19 años, soltero, vive con su madre quien trabaja como costurera. Viven en la ciudad de Santo Domingo de los Tsachilas, ubicada en la región costa, una ciudad muy productiva, su gente es muy dedicada al comercio ya que es la ciudad de conexión entre la sierra y la costa del Ecuador y es muy visitada. Samuel terminó la secundaria gracias al apoyo de sus padres y uno de sus sueños es estudiar medicina, pero por no contar con el dinero decidió postergar sus estudios. Este hombre valiente y emprendedor se ha dedicado a hacer trabajos de albañilería para poder solventar sus necesidades y ayudar a su madre en los gastos del hogar. Sin embargo, él pensó en que debe esforzarse más para el cumplimiento de su sueño, es así como visitó las oficinas de Fundación Alternativa porque una clienta le dio muy buenas referencias y se enteró que la institución ayuda a jóvenes emprendedores. Samuel requiere su crédito para poder comprar 40 quintales de arroz y emprender con su pequeña bodega de víveres, actividad que aprendió de su madre que en días de su juventud se dedicaba a la comercialización de víveres por lo que Samuel incluso ya cuenta con clientes a quien además visitará todas las tardes brindándoles servicio a domicilio y algunas mañanas él continuará trabajando como maestro en construcción. Se siente muy feliz ya que con sus ingresos del negocio va a poder ahorrar para seguir con sus estudios y poder ser un profesional de excelencia para servir a su comunidad y salvar vidas. Samuel agradece a Fundación Alternativa quienes a través del portal de Kiva podrán financiar su emprendimiento depositando la confianza que él necesita para salir adelante.

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
  • 100
    View loans »
    Ecuador Loans Fundraising
  • $23,946,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Jaime Samuel to buy 40 quintals of rice and to start his convenience store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 7, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2015