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Ana Magdalena
The San Juan community bank meets every 15 days in the San Juan neighborhood of Manta. The Ecuadorean city of Manta is known for its beautiful beaches and is much visited by both local and foreign tourists at all times of the year. Most local people earn a living from fishing and other related occupations.

Our member, Ana, is 35 years old. She has been married for 11 years and has three children who are 11-, 8- and 6-years old, respectively. All the children are in school.

Ana and her husband makes a living from buying and selling recyclables. They work together, buying recyclable materials--cardboard, scrap metal, aluminum, plastics, etc.--that are ultimately purchased by companies that buy recyclables. Ana and her husband work every day from 9:00am to 7:00pm. They buy recyclables locally and deliver what the collect, in bulk, to merchants who sell the materials on to the companies.

Ana will use this loan to buy recyclable materials--cardboard, scrap metal, etc.--for her business. She has been a member of the community bank for two funding rounds. She likes her bank because they don't care how someone makes a living, just that they do something productive and to the credit of all the bank's members.

Ana's dream is buy a car (or, possibly, cart) that she can use to deliver the materials she collects directly to the recycling companies.
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El Banco Comunal San Juan se reúne cada 15 días en el Barrio San Juan de la ciudad de Manta, este lugar es conocido por sus hermosas playas que son muy visitadas en toda época del año por turistas nacionales y extranjeros, la mayoría de sus habitantes se dedica a la pesca y a las faenas del mar.

En este lugar conocimos a la señora Ana, ella tiene 35 años de edad, está casada hace 11 años y de esta relación tienen tres hijos de 11, 8 y 6 años de edad los mismos que estudian en escuela. Su esposo es reciclador.

Ella junto a su esposo se dedican a la compra y venta de material reciclable, compran cartón, hierro, aluminio, plásticos, entre otros materiales que las empresas recicladoras compran. Trabajan todos los días desde las 9h00 hasta las 19h00, ellos compra el producto a los recicladores que llegan hasta su casa, para luego venderlos al por mayor a comerciantes los cuales venden a las fabricas recicladoras en Manta.

Este crédito es para comprar más material reciclable como cartón, bronce, hierro entre otros. Está en el Banco Comunal hace dos ciclos y le gusta todo del banco ya que no le importa a que se dediquen siempre que sea para producir y por el bienestar de los socios.

Su sueño es tener un carro para llevar los productos a Manta directamente.

About Ecuador

  • $10,200
    Average annual income
  • 58
    View loans »
    Ecuador Loans Fundraising
  • $23,551,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $775 helped Ana Magdalena to buy paper, scrap metal, etc. for recycling business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2011
Listed
Mar 26, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2011