Check out some available loans that are similar to this one!
Elizabeth Mercedes
The communal bank "Damas de Progreso" meets every 15 days in the San Cristobal neighborhood of the city of Portoviejo. This city has been known for many years as the "City of the Valley," because it is surrounded by mountains that make it unique and beautiful.

Here we find Elizabeth, who is 20 years old and is a single mother of a 2 year-old child. She lives in her parent's house. She is in her 6th semester of medicine at the Technical University of Manabi.

Elizabeth is a great mother who, in order to get ahead and have something for her future, has a business selling Yanbal products (beauty products, perfumes and accessories for women.) Every day she goes out to sell her products in the area where she lives, and she also takes advantage of the opportunity to sell to her classmates at the university. She sells on credit, and collects every 15 days. She tells us that she has had this business for 2 years, and it has been going very well.

This loan will be used to buy perfumes, creams, jewelry and other products. She has been in her communal bank for 6 loan cycles and she appreciates the loans that have helped her a lot, and her fellow group members, who have been responsible.

Her goals are to finish her degree and become a great surgeon.
View original language description ↓
En la ciudadela San Cristóbal de la ciudad de Portoviejo, esta ciudad es conocida desde hace muchos años como la Ciudad Del Valle por estar rodeada de montañas que la hacen única y hermosa, aquí se reúne cada quince días el Banco Comunal Damas De Progreso.

En este lugar conocimos a la señora Elizabeth. Tiene 20 años de edad y es madre soltera de un hijo de dos años de edad, vive en la casa de sus padres. Estudia el sexto semestre de medicina en la Universidad Técnica de Manabí.

Ella es una gran madre que para salir adelante y obtener algo para su futuro se dedica al comercio, vende productos de Yanbal (productos de belleza, perfumería y accesorios de damas), todos los días sale a vender sus productos por la localidad donde ella vive y también en su Universidad aprovecha para venderles a sus compañeras de clases. Deja a crédito y cobra cada quince días, nos cuenta que tiene su negocio por dos años y que le ha ido muy bien.

Este crédito es para comprar perfumes, cremas, bisutería entre otras cosas. Está en el Banco Comunal desde hace seis ciclos y le agrada por la seriedad de sus compañeras del grupo y por los créditos que le ayudan mucho.

Sus metas son terminar su carrera y llegar a ser un gran médico cirujano.

About Ecuador

  • $10,200
    Average annual income
  • 36
    View loans »
    Ecuador Loans Fundraising
  • $23,451,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $550 helped Elizabeth Mercedes to buy perfumes, creams, jewelry and other products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2011
Listed
Apr 10, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2011