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Cristo Resucitado (Portoviejo) Group
In this Group: Cruz Esperanza, Martha Janneth, Maribel De La Asunción , Katherine Estefania, Cielo Estrella, Sonia Vanessa, Yasmin Marizela, Dolores Eulalia, Gloria Auxiliadora, Nelly Solanda, María Concepción, Katiuska Elizabeth, Maira Isabel, Ana Lisseth
The “Cristo Resucitado” (Christ Resurrected) communal bank meets every two weeks in Portoviejo, known for many years as the Royal Tamarinds City.

This is a group of women who, despite being in just their first cycle, are very unified and eager to get ahead which is the reason they came together. Some want to set up their businesses and other want to improve the ones they already have always aiming at improving their daily life for their own and their families’ wellbeing. They are involved in a variety of economic activities like: commerce, sales, production and services.

On this occasion we chatted with Maribel, 39. She is separated at the moment but has three children. Since separating she had to take charge of her children’s expenses. All are minors and two go to secondary school and the youngest daughter is in elementary school. This means high expenses.

A few years ago, then, she decided to go into commerce. First she started out selling Yanbal brand beauty products and perfumes. However, noting that this did not produce income sufficient to meet her needs she decided to sell shoes and ladies clothes. This is what she is currently selling. She works every day from 8am until 11am and again from 3pm until 5pm because she also has to tend to her home and children. She buys the clothes and shoes in Quito and Guayaquil, cities she travels to once a month depending on the number of orders she has.

This financing will be used to buy more merchandise to increase sales. It is her first loan and she liked it because of the ease in obtaining loans.

Her dream is to have a boutique.
View original language description ↓
En 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 Cristo Resucitado.
Este es un grupo de señoras que a pesar de que este es su primer ciclo es muy unido y con ganas de salir adelante, es por eso que se decidieron unir. Unas para instalar sus negocios y otras para mejorar el que ya tienen, siempre tratando de mejorar en su vida diaria para su propio bienestar y el de sus familias. Ellas se dedican a diferentes actividades tales como, (comercio, ventas, producción y servicios,).

Aquí conversamos con la señora Maribel, tiene 39 años, en la actualidad está separada pero tuvo tres hijos de esta relación, desde que se separo tuvo que hacerse cargo de los gastos de sus hijos que aun son menores de edad y están estudiando dos en colegio y la menor en escuela, lo cual representan muchos gastos.

Es así como hace unos años atrás decidió dedicarse al comercio, primero empezó vendiendo productos de Yanbal (productos de belleza y perfumería) pero al darse cuenta que no le alcanzaba con esto decidió vender zapatos y ropa de damas, eso es lo que realiza en la actualidad vende todos estos productos. Trabaja todos los días desde las 8am hasta las 11am y desde las 15h00 hasta las 17h00 ya que también tiene que atender su hogar y sus hijos. La ropa y los zapatos los compra en Quito y Guayaquil, ciudades a la que viaja una vez al mes dependiendo de los pedidos que tenga.

Este crédito lo va a emplear para comprar mas mercadería para aumentar sus ventas. Este es su primer crédito y le ha gustado por la facilidad para obtener los créditos.

Su sueño es tener una boutique.

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

  • $10,200
    Average annual income
  • 27
    View loans »
    Ecuador Loans Fundraising
  • $22,854,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Cristo Resucitado (Portoviejo) Group's $4,525 loan helped a member to buy ladies clothes and shoes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2010
Listed
Oct 12, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011