A loan of $1,675 helped to purchase wood and carpentry materials.

Jaime Oswaldo's story

Jaime is 32 years old and grew up in a home with few financial resources. They always supported him but he was only able to pay for primary school. With that knowledge, he was able to get ahead and succeed in his field. He is married to Rosa, who is 30 years old, and takes cares of their home. They have two children who are 13 and 11 years old who are studying at the public high school. They hope to give them the opportunity to study that they did not have.

Jaime and his family live in Latacunga, the capital of the Cotopaxi province, which is one of the provinces that form part of the Sierra region in Ecuador. In the last few years it has developed and is considered one of the most important in the region thanks to the flower, mineral, metallurgy, agro-industry, farming, and livestock industries. In addition, there are businesses that generate interesting income that make it a commercial city with various opportunities to get ahead. Although there is a high level of poverty, the entrepreneurial spirit of the inhabitants have made it a city that stands out. In the rural and urban areas, it is possible to find families using their talents to undertake an idea that can generate profits to support their daily expenses.

Jaime has worked for six years as a carpenter. Together with his wife, they attend the business and work between six and eight hours a day. With the passage of time, he has succeeded in finding customers who always look for a well-finished product. When he started his business, it was difficult to trust him since he was very young. Jaime dreams of having his own furniture factory. Every day he makes an effort to improve his work so that he can gain more customers and more experience. One of the obstacles he has overcome is the difficulty in obtaining a loan that will allow him to acquire the necessary wood and working tools at wholesale. This is why he has requested a loan to purchase wood and carpentry materials that will allow him to produce more and better products with more efficiency so that he can become well-known for his work.

Jaime is grateful to Fundacion Alternativa for opening their doors with trust and training so that he can grow his business. He is encouraged by the people who are supporting him through Kiva so that he can achieve his dreams and provide his family with a better way of life.

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Translated from Spanish by Kiva volunteer Eileen Lloyd

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