Jenny works making snacks and pastries. She sell them outdoors at schools and markets and delivers them to parties and events. She has 3 years experience in her current business but now she has the dream of selling sandals in order to have more income and thus improve the quality of life for her and her little one. She needs capital for this and this is why she came to Fundación Alternative to achieve her dream.
With the loan she will be able to buy sandals to sell to customers that visit her home and to take out to sell on weekends. She is very excited and grateful to Kiva for helping her to improve her income.
En su actual negocio cuenta con tres años de experiencia, ahora tiene el sueño de emprender en la venta de sandalias para contar con más ingresos y así mejorar su calidad de vida y la de su pequeño, para ello necesita capital, es por eso que acudió a Fundación Alternativa por hacer realidad su sueño, con el crédito podrá comprar sandalias para vender a los clientes que visitan su casa, además para salir a recorrer los fines de semana. Está muy emocionada y agradecida con Kiva, quien le ayuda a mejorar sus ingresos.
More information about this loan
This loan is intended to help Fundacion Alternativa borrowers to start their own businesses. As part of the loan package, Fundacion Alternativa provides clients with training sessions, guidance to develop their business plan, access to a customized credit facility and monitoring sessions during the first three months of their venture following the loan disbursement.
Given that this product is designed to fit the needs of start-up entrepreneurs, these loans require typically higher loan amounts and longer grace periods, making Kiva’s flexible and risk-tolerant funding crucial. By supporting this loan, you are helping an Ecuadorian entrepreneur to access critical capital as they begin to build their own enterprises.
About Fundación AlternativaFundación 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.
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