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María Elena
The Francisco Pacheco communal bank meets every two weeks in Portoviejo’s Francisco Pacheco neighborhood which is a marginal, very crowded urban zone in this city.

Life has been very difficult for María since her husband and companion of many years died and left her with 9 children to care for. Today, six of them are already adult and independent. She lives only with her three youngest daughters who are in the last years of high school. She and her daughters live in her mother’s house.

Every afternoon she sets up a small stand where she sells fried pork rinds, turnovers and “corviches” (deep-fried dumplings stuffed with fish and bananas served with peanut sauce) as well as delicious blended fruit drinks. She is open for business from 3pm until 7pm. Her daughters help out once they get home from school.

She has been in the communal bank for three cycles and is very happy because she has been able to improve her business thanks to the loans. She used the most recent loan to buy a blender to start selling blended fruit drinks which produced more profits for her. This loan will be used to buy another blender that she needs very much and to buy meat and fruit.

Her dream is that her daughters become professionals and to have a house of her own.
View original language description ↓
En la ciudadela Francisco Pacheco de la ciudad de Portoviejo se reúne cada quince días el Banco Comunal Francisco Pacheco, esta es una zona urbano marginal muy poblada en esta ciudad.

Para la señora María la vida ha sido muy difícil ya que su esposo y compañero hace varios años falleció y la dejo con 9 hijos a su cargo, hoy ya 6 de ellos son mayores e independientes, solo vive con sus tres hijas menores las cuales estudian los últimos años de colegio. Ella junto a sus hijas viven en la casa de su mamá.

Todas las tardes ella sale a poner un puestito donde vende cueritos asados, empanadas, corviches, además de ricos y deliciosos batidos de fruta. Trabaja desde las tres de tarde y atiende su negocio hasta las 19h00, sus hijas le ayudan después que llegan del colegio.

Esta en el Banco Comunal hace ya tres ciclos y esta muy contenta ya que gracias a los créditos ha podido mejorar su negocio, con el ultimo crédito compro una licuadora y empezó a vender batidos lo cual ha generado mas ganancias para ella. Este crédito lo va emplear en comprar otra licuadora que le hace mucha falta y para comprar carne y frutas.

Sus sueños son que sus hijas sean profesionales y tener su casa propia.

About Ecuador

  • $10,200
    Average annual income
  • 68
    View loans »
    Ecuador Loans Fundraising
  • $23,510,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $450 helped María Elena to buy meat, fruit and a blender.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2010
Listed
Oct 15, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011