For any traveller weary after a day's hiking on the Quilotoa Loop, Llullu Llama is a home away from home and easily ranks as one of the best hostels in Ecuador.
If you plan on hiking the Quilotoa Loop without a tour (which you really don't need!), there are a few things you should know before you go!
The best place to start your hike on the Quilotoa Loop, if you want to finish up at the crater lake, is either Sigchos or Insinlivi. This post outlines your transport options from Latacunga to both of these, and alternative routes, using public transport.