Stalin lives and works in this canton. He is a hardworking 20-year-old man. He is single and does not have any children. He lives and works with his mother on a farm that they own in a community called "23 de junio" ("June 23rd"). He is applying for a loan to start his own business. Living in a canton where livestock is the main source of income, he is already familiar with this activity, so he decided to start his own livestock business. He currently works for about 8 hours per day.
By investing this loan, he hopes that he will improve his quality of life. Stalin is grateful to Fundación Alternativa and to Kiva for the great help which they are providing for him to start his own business.
En este Cantón vive y trabaja Stalin un joven luchador de 20 años es soltero no tiene hijos, vive y trabaja con la mamá en una finca que tienen en el Recinto 23 de junio. Solicita el crédito para emprender en su propio negocio y al vivir en un Cantón donde la ganadería es la principal fuente de ingreso y ya que conoce de esta actividad, decidió emprender en el negocio de la ganadería actualmente trabaja un promedio de 8 horas diarias
Con la inversión de este crédito espera que mejore su calidad de vida. Stalin agradece a fundación alternativa y a Kiva por la gran ayuda que le están brindando de iniciarse en su propio negocio.
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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