Check out some available loans that are similar to this one!
Mercedes Teresa
The 'Damas de Éxito' (Successful Ladies) community bank meets every two weeks in the Cevallos neighborhood of the city of Portoviejo. This is a very densely-populated, marginal, urban area of the city.

This is Mercedes' second loan cycle with the community bank and she is very happy because, thanks to the previous loan she received, she has been able to fulfil some orders which she was previously unable to fulfil because she didn't have enough capital. Thanks to her previous loan she was able to move forward. She is 37 years old and lives with her common-law husband with whom she has 5 children. Three of her children are already grown up and two are studying and still live with her. Her husband is a merchant.

Mercedes is a merchant like her husband. She sells products for the home (irons, blenders, fans, beds, mattresses, etc.) on request. She shows her customers a catalog, they choose the product they want to buy, she makes a note of it, then when she has reached a certain quantity she places her order, receives the goods from her supplier, then delivers them and collects payments weekly.

She works from Monday to Friday, for three or four hours a day.

This loan will be used to pay for the order which she has for this month. Her wish is to have her own house since she lives in a house which her mother gave to her.
View original language description ↓
En la ciudadela Cevallos de la ciudad de Portoviejo se reúne cada quince días el Banco Comunal Damas De Éxito, esta es una zona urbano marginal muy poblada en esta ciudad.

Para la señora Mercedes este es su segundo ciclo en el Banco Comunal y esta muy contenta con ello ya que gracias a los créditos pudo salir de unos pedidos que tenía y que no podía cumplir por no tener capital y que gracias al crédito anterior pudo salir adelante. Tiene 37 años de edad, mantiene una relación de unión libre de la cual ha tenido 5 hijos, tres de ellos ya son mayores de edad y tres de sus hijos estudian y aun viven con ella. Su marido es comerciante.

Ella igual que su marido también se dedica al comercio, vende productos para el hogar (planchas, licuadoras, ventiladores, camas, colchones, etc.) su forma de venta es el sistema de cartillas, el mismo que consiste en enseñar una revista a los clientes ellos escogen el producto que desean comprar ella lo anota y una vez que allá reunido la cantidad requerida realiza los pedidos, los mismos que los recibe en la distribuidora luego entrega los productos y cobra semanalmente. Trabaja de lunes a viernes tres a cuatro horas por día.

Este crédito es para pagar el pedido que tiene para este mes. su deseo es tener su casa propia ya que vive en una casa que le ha dado su mamá.

About Ecuador

  • $10,200
    Average annual income
  • 50
    View loans »
    Ecuador Loans Fundraising
  • $23,881,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $675 helped Mercedes Teresa to buy irons, blenders, beds, mattresses, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2010
Listed
Nov 1, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011