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Amigos (Portoviejo) Group
In this Group: Moserrate Modesta Cecil, Gissella Mariana*, Eva Guisella, María Isabel, Marcia Elizabeth, Jessenia Carolina, María Fernanda, Leidiana Esther, Andres Eutimio, Jimena Raquel, Felisa Del Consuelo
* not pictured
The Amigos communal bank meets every two weeks in the Eloy Alfaro citadel, within the city of Portoviejo, the Manabita capital, known for many years as the city of the Royal Tamarinds.

This group of people, who are determined to get ahead, decided to band together because they get along well with one another. They each have different trades (merchant, sales, production, services).

Felisa is 48 years old and hopes that all will turn out well for her so that she can stay with the communal bank through many more cycles. She likes it because other sources have many more requirements for loans than Fundación Espoir and they do not offer the easy terms of payment.

She is 48 years old and has been in the same relationship for the past 32 years. They have six adult children. She was born and raised in Calceta and moved to Portoviejo eight years ago.

She and her husband have a pantry store and also sell empanadas and rolls that she makes. Their business is located across from a school and the students buy many of her products. The neighbors also buy their daily groceries there. They work every day starting at dawn, because they have to go to the market to buy vegetables and other fresh products to sell. They close their business at night. They buy their products in bulk in Portoviejo and this generates good profits for them.

They will use the money from this loan to buy more products so that they can grow their business. Their dream is to buy some land on which to build a house and to bring Felisa’s mother to live with them.
View original language description ↓
En la Ciudadela Eloy Alfaro de la ciudad de Portoviejo, capital manabita conocida desde hace muchos años como la ciudad de los Reales Tamarindos, cada 15 días se reúne el Banco Comunal Amigos.
Este es un grupo de personas que se han propuesto salir adelante, por lo que decidieron unirse aprovechando que se llevan muy bien. Ellas se dedican a diferentes actividades, (comercio, ventas, producción y servicios,).

La señora Felisa tiene 48 años y espera que todo le salga bien para estar con el Banco Comunal por muchos ciclos mas, le ha gustado por que en ningún otro lado dan los créditos sin tantos requisitos como lo hace la Fundación Espoir, y por las facilidades de pagos.
Ella mantiene una relación de unión libre hace 32 años, de esta relación procreo 6 hijos todos mayores de edad. Nació en Calceta donde creció junto a sus padres y hace 8 años se vino a vivir a Portoviejo junto a su esposo e hijos.

Ella y su marido tienen una tienda de víveres de consumo, también venden empanadas y bolos que ella fabrica, su negocio esta frente a un colegio y los estudiantes compran mucho de sus productos, también sus vecinos compran los víveres para su consumo diario. Trabajan todos los días desde la madrugada ya que tienen que ir al mercado a comprar verduras y otros productos frescos para la venta y cierran su negocio en la noche, los productos para su tienda los compran en Portoviejo al por mayor y esto le deja muy buenas ganancias.

Este crédito lo van a emplear en aumentar más su negocio, para comprar más productos.

Sus sueños son comprar un terreno y construir una casa para traer a su mama a vivir con ella.


Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Ecuador

  • $10,600
    Average annual income
  • 101
    View loans »
    Ecuador Loans Fundraising
  • $24,212,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Amigos (Portoviejo) Group's $3,300 loan helped a member inventory.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2010
Listed
Oct 5, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011