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Las Iguanas (Portoviejo) Group
In this Group: Ana Cristina, Holanda Rafaela, Karla Jessenia*, María De Jesús, Ana Cristina, Blanca Beatriz, Jhonny Daniel*, Maritza Gardeña, Gonzalo Vicente, María Cristina, María Del Rocio, Lilibeth Katherine, Judith Analida, Edulfa Florentina
* not pictured
We come upon the Las Iguanas Communal Bank on 26 De Septiembre Street in the city of Portoviejo. The area around the bank is known as “Calle de las Iguanas” because so many of these little animals are found in the area and protected by the area’s inhabitants. Bank members meet every fifteen days.
Even though this is their first loan cycle, this group of people is very united and its members very friendly. The members work in different activities, including: (business, sales, production and services).

Among them is Mrs. Ana Cristina. She is 20 years old. She is in a common-law marriage that has produced a beautiful 5-month-old baby. She is in her fifth semester studying Civil Engineering at the Technical University of Manabí. Her husband works in an aluminum and glass workshop.

Ana Cristina works in business, selling Avon, Sayce and Iebel products (beauty products, cosmetics, perfumes and ladies’ accessories). She works three to four hours every day depending on what she has to do. She accomodates her school and work schedule while also saving time for her little baby. She leaves her baby in the care of her mother while she does her work. Ana Cristina has been in this business for two years now; she says it has gone well for her. She gives her products on credit and collects payment every fifteen days.

This loan is for buying products because she has several requests. She especially wants to buy products on sale, which she will then sell at the normal price, making a greater profit. Her dreams are to finish her studies and to be able to work in her profession.
View original language description ↓
En la calle 26 De Septiembre de la ciudad de Portoviejo en un sector conocido como la calle de las iguanas por encontrarse muchos de estos animalitos en ese lugar y que son protegidos por los habitantes de ese lugar, encontR. el Banco Comunal Las Iguanas los mismas que se reúnen cada quince días.
Este es un grupo de personas que a pesar de que este es su primer ciclo es muy unido y sus socias muy amistosas. Ellas se dedican a diferentes actividades, tales como: (comercio, ventas, producción y servicios,).

Aquí encontR. a la señora Ana Cristina, ella tiene 20 años y mantiene una relación de unión libre de la cual ha procreado una hermosa bebe de 5 meses, ella estudia el quinto semestre de Ing. Civil en la Universidad Técnica De Manabí. Su marido trabaja en un taller de aluminio y vidrio.

Se dedica al comercio vende productos de Avon, Sayce y lebel (productos de belleza, cosméticos, perfumería y accesorios de damas). Trabaja todos los días de tres a cuatro horas diarias de acuerdo a lo que tenga que hacer ya que acomoda su horario de estudio y de trabajo, además de dedicarle tiempo a su pequeña bebe la cual deja al cuidado de su mamá cuando realiza sus labores, tiene en este negocio ya dos años y dice que le ha ido bien, deja a crédito sus productos y cobra cada quince días.

Este crédito es para comprar sus productos ya que tiene varios pedidos y en especial comprar productos de oferta los mismos que luego vende al precio normal lo que representa mejores ganancias. Sus sueños son terminar sus estudios y poder ejercer su profesión.

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
  • 48
    View loans »
    Ecuador Loans Fundraising
  • $24,300,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Iguanas (Portoviejo) Group's $4,200 loan helped a member buy beauty products, cosmetics, perfumes and beauty accessories.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011