Check out some available loans that are similar to this one!
Mujeres En Progreso (Manta) Group
In this Group: Estrella Fabiola, Patricia Jaqueline, Jasmin Elizabeth, Evelyn Verónica, Mayra Elizabeth, Nelson Aquiles*, Victoria Carolina, Mónica Rocio, Blanca Magdalena*, María Angela, María Auxiliadora, Sandra Jaqueline, Victoria Alexandra, María Lorena, Nereida Elizabeth, Angélica Roxana, Ramón Dario, María Clemencia
* not pictured
The members of the Mujeres En Progreso (Women in Progress) communal bank meet every two weeks in the María Auxiliadora neighborhood in the beautiful city of Manta, known for its beautiful beaches that are much visited by local and foreign tourists alike. Said members have a variety of activities like general commerce, services and fishing. Some time ago they combined their efforts to access Fundación Espoir’s benefits. This is their third cycle in the communal bank and they are very happy because through the loans they have been able to finance their businesses.

We found Estrella, 30, in this place. She is in a common law relationship and has three children who are 9, 6 and 4 years of age. The two oldest are in school. Her husband works at the Manta Municipal Slaughterhouse.

She sells Avon, L’Bel and Sayson products (beauty products, cosmetics, perfumes and women’s accessories). She also sells clothes and articles for the home (irons, blenders, toasters, among others) via savings books. She works daily from 8:30 until 5:00. She sells door to door and on order. She sells on credit and collects on perfumes in two payments and on the home articles weekly. She tells us that she’s been in this line of work for several years and has done very well, much better still since she took out her first loan.

She will use this loan to buy perfume, costume jewelry, cosmetics, creams, articles for the home and clothes. She has been in the communal bank for three cycles. She is the bank President and she likes it because of the help it provides her and her fellow members. Her dream is to see her children attain a good education.
View original language description ↓
En la ciudadela María Auxiliadora de la hermosa ciudad de Manta, conocida por sus bellas playas que son muy visitada por turistas nacionales y extranjeros, se reúnen cada quince días los socios del Banco Comunal Mujeres En Progreso. Los mismos que se dedican a diversas actividades tales como el comercio en general, a la prestación de servicios y a la pesca. Ellos hace un tiempo atrás unieron sus esfuerzos para poder acceder a los beneficios que presta la Fundación Espoir, este es su tercer ciclo en el Banco Comunal y están muy contentos ya que a través de los créditos han podido financiar sus negocios.

En este lugar encontramos a la señora Estrella, tiene 30 años de edad y mantiene una relación de unión libre de la cual tiene tres hijos de 9, 6 y 4 años, los dos mayores estudian en escuela. El marido trabaja en el Camal Municipal de Manta.

Se dedica a la venta de productos Avon, Lebel, Sayson (artículos de belleza, cosméticos perfumería y accesorios para damas). Además también vende ropa y artículos para el hogar (planchas, licuadoras, tostadoras, entre otras) a través de cartillas, trabaja todos los días desde las 8h30 hasta las 17h00, su forma de venta es puerta a puerta y por pedidos, ella deja a crédito sus productos y cobra lo que es perfumes cobra en dos partes y los productos para el hogar cada semana, nos cuenta que lleva varios años que se dedica a esta actividad y que le ha ido muy bien y mucho mejor le ha ido desde que realizo el primer crédito.

Este crédito lo va a emplear en comprar perfumes, bisutería, cosméticos, cremas, artículos para el hogar y ropa. Está en el Banco Comunal desde hace tres ciclos, es la presidenta del Banco y le gusta por la ayuda que le brinda a ella y a sus compañeras. Su sueño es ver que sus hijos tengan una buena educación.

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
  • 24
    View loans »
    Ecuador Loans Fundraising
  • $22,853,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mujeres En Progreso (Manta) Group's $4,200 loan helped a member to buy perfume, costume jewelry, cosmetics, creams, articles for the home and clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2011
Listed
Feb 6, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2011