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Carlos Xavier
San Miguel de los Bancos is the canton of love, a canton with a warm, humid climate and has various vacation places that are frequented by domestic and international tourists. Traditionally they have festivals of the canton, where there are popular dances and the famous burning of the castle. The people of this canton are very friendly and peaceful with all of the visitors.

Carlos lives and works in this canton. This 19-year-old young man is single and doesn't have any children. He works very hard in construction and works an average of 8 hours each day. He comes from a family of limited economic resources, and his parents could only give him a primary school education and, on his own, he is attending secondary school. He was born and raised on a cattle farm and knows this business well, so he asks for a loan to start his own business which would be to buy some dairy cows.

With this investment, he will increase his income a lot and will be able to continue his studies and improve the quality of life for himself and his family. Carlos thanks Fundación Alternativa and Kiva for the support and the opportunities offered.
View original language description ↓
San Miguel de los Bancos el Cantón del Amor, un Cantón de clima cálido húmedo, el mismo cuenta varios sitios de descanso que son muy visitado por turistas nacionales y extranjeros, como tradición tienen las fiestas del Cantón en las cuales se realizan bailes populares y la famosa quema del castillo la gente en este Cantón es muy amable y tranquila con todos sus visitantes.
En este Cantón vive y trabaja el señor Carlos un joven de 19 años es soltero no tiene hijos, él trabaja muy duro se dedica a la construcción, a este trabajo le dedica un promedio de 8 horas al día, el viene de una familia de bajos recursos económicos sus padres solo le pudieron dar la primaria y el por su cuenta con su trabajo está estudiando la secundaria, nació y creció en una finca ganadera y conoce mucho de esta actividad por lo que solicita este crédito para emprender en su propio negocio que sería la compra de unas vacas productoras de leche,
Con esta inversión mejorará mucho sus ingresos y podrá continuar con sus estudios y mejorar su calidad de vida y la de su familia, Carlos agradece a Fundación Alternativa y Kiva por el apoyo y las oportunidades brindadas.

Additional Information

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 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

  • $10,600
    Average annual income
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $25,071,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Carlos Xavier to purchase dairy cows and start his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Apr 16, 2014
May 28, 2014
Currency Exchange Loss:
Aug 17, 2015