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Fausto Eduardo
Fausto Eduardo is 65 years old and lives together with his wife and three grandchildren who are dependent on him. He provides for their education as their mother abandoned them. He lives in the city of Santo Domingo de los Colorados, a very productive and commercial place.

Fourteen years ago Fausto had to emigrate to another country due to a lack of work. At that time he had bought a working farm and he had to pay for it. He worked for 12 years as a gardener and pruning plants. Two years ago he finished paying his debt and returned to his country to be with his family.

Today his farm produces cocoa, bananas, passion fruit, and malanga (a tropical edible plant). Things are going well although some of his plants are diseased and he is treating them.

Fausto needs money to plant another hectare of cocoa and passion fruit so that the loss of his plants will not affect his production. So he has come to Fundación Alternativa as he has heard good things about the institution. He is grateful for the support offered by Fundación Alternativa and Kiva as he can improve his income.
View original language description ↓
Fausto Eduardo es un señor de 65 años, actualmente vive junto a su esposa Mariela y tres nietos que están a su cargo, a quienes les está dando la educación ya que su madre los abandonó. Viven en la ciudad de Santo Domingo de los Colorados, un sector muy productivo y comercial.
Fausto hace 14 años atrás tuvo que emigrar al exterior ya que por falta de trabajo se vio en la necesidad de hacerlo ya que en ese entonces había adquirido una finca en producción, a la que debía pagarla, estuvo 12 años trabajando como jardinero y podador de plantas.
Hace 2 años terminó de pagar la deuda y regresó a su país para estar junto a su familia, ahora en su finca cuenta con producción de cacao, plátano, maracuyá y malanga, le ha ido muy bien, pero algunas de sus plantas de cacao están enfermas a la que le está dando un tratamiento.
Fausto necesita dinero para sembrar una hectárea más de cacao y maracuyá para que no le afecte mucho la perdida de unas plantas ya en producción, por ello acudió a Fundación Alternativas ya que ha escuchado hablar muy bien de la institución. Se siente agradecido por la ayuda brindada por Fundación Alternativa y Kiva, ya que así podrá mejorar sus ingresos.

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
  • 59
    View loans »
    Ecuador Loans Fundraising
  • $23,522,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Fausto Eduardo to buy seeds to be able to plant another hectare of cocoa.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2014
Listed
Apr 13, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015