A loan of $1,075 helped to buy merchandise to stock his supply depot.

Abel Stalin's story

Abel is a single young man who is 21 years of age. He finished his high school education. Abel lives in the canton of Pastaza in Pastaza Province, which is located in the Amazónica region of the Republic of Ecuador. The administrative seat of the canton is the city of Puyo, which is located in the middle of the Amazon rain forest and in the western part of Pastaza Province. The city lies 924 meters above sea level. This area is small in terms of population, but it has a wide variety of tourist sites that are favorites among domestic and international visitors. All types of activities take place here, ranging from eco-tours to extreme sports. Puyo is a city that is growing economically on a daily basis through its business activities that center on trade, ranching, agriculture, and tourism. For this reason, many financial and retail companies have established branch offices here so that they can take advantage of the steady level of economic activity.

Abel is in the retail trade and manages a supply depot that he established six years ago with the help of his father, who taught him this line of work. He invests at least six hours each day in his business. Despite being a young entrepreneur, Abel has been able to overcome the financial obstacles that have appeared along the way. Now he wants to expand his business by purchasing merchandise so that he can diversify the products that he offers. For this reason, he visited the newest office of Fundación Alternativa in Puyo in hopes of receiving good service and a prompt response. In order to submit his loan request, Abel is required to receive counseling on how to be efficient and timely so that he can manage his business well and make good use of his resources. He is confident that he can move forward and become one of the most well-known suppliers in the area.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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