Total loan: $2,425

Yolanda Del Carmen

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Santo Domingo, Santo Domingo de los Tsáchilas Province, Ecuador / Food

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A loan helped To open a restaurant and buy tables, raw materials and the utensils she needs to grow her small business.

Yolanda Del Carmen's story

Santo Domingo is where Yolanda, 53, now lives with relatives after giving her home to a son to start his own business which is going very well.

More than a year ago Yolanda returned to her native country, Ecuador, after living in Spain because of the labor market. There she cooked in restaurants and acquired a lot of experience. She lived alone and sent money back to her children to fix up the house. But she also kept saving because she wanted to return home and start her own food business. Over a year ago she started realizing her dream and now lives with family. She already has bought a range to start her business.

She approached Fundacion Alternativa because she lacks capital to start her restaurant. She has the location and has bought a counter and range but she needs tables, raw materials and other utensils. With the loan, Yolanda can achieve her goal. She is happy because she can buy everything she needs to become a small business owner.

She is grateful to KIVA for the support given to people who do not have the money to start a business although they have a large dream and the determination to get started.