A loan of $1,650 helped to buy clothing for his store.


Luis Alfredo's story

Luis is a single young man of 24 years who lives with his sister and grandparents, Gladys and Luis, who are 55 and 63 years old, respectively. They live in "San Miguel de Los Bancos" in the province of Pichincha, where the capital of Ecuador is also found. One of the principal resources of San Miguel de Los Bancos is its water, as there are countless rivulets and small waterfalls that originate in this territory and give rise to rivers of considerable size. San Miguel de Los Bancos exhibits the characteristics common to several towns located between the Sierra and the Coast: commercial traffic unfolds along the main street where you can find hotels, restaurants, and department stores. Above all there are products from farming and livestock, as well as veterinary services and shops for the daily needs of the population. One year ago Luis opened a small casual clothing store across from a busy restaurant. He waits on his customers 9 hours a day and is helped by his sister. He learned this work from his family, who have also been working in this type of business for several years. Luis started with little capital, and for this reason he has little merchandise to offer his customers, and despite this he has known how to persevere. He wants to make an investment to expand his business and buy more merchandise, mainly women's clothing, which has the greatest demand. With that he plans to increase his portfolio of customers and in this way improve his income and quality of life. His dream is to be able to have a big store and open several of them, and in this way become a great businessman.

Translated from Spanish by Kiva volunteer Tamara Hellgren



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