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Francisco Pacheco (Portoviejo) Group
In this Group: Lita Idalia, Glenda Maricela, Marjorie Maricela, Vilma Fabiola, Manuela Gabriela, Lilia Amanda Dolores, Elsa Marisol*, Azucena Auxiliadora, Angel Agustin, María Elena, Jasmin Maricela, Jennifer Carolina*
* not pictured
In the Francisco Pacheco neighborhood of the city of Portoviejo, the Manabí capital, the "Francisco Pacheco" communal bank meets every two weeks. This city has been known for many years as Valley City because it is surrounded by majestic, beautiful mountains.

Some time ago the members decided to join together in an effort to obtain more profits through their group. They are all involved in different businesses such as general sales, services and food sales, among others.

Here we meet Mrs. Vilma M. L. who is 42 years old, has a common-law husband and two children, ages 21 and 15, who are in college and school. Her husband is a merchant.

She has an informal business selling Yanbal products (beauty products, perfume and ladies' accessories); and also sells clothing by catalogue. Her working hours are from 8:30 a.m. to 5:00 p.m. every day, which she does door-to-door on an order basis. She delivers the products on credit and collects payment weekly. She loves to sell and claims her most popular-selling products are perfumes because of their quality. She's been involved in the business for seven years now and it is going very well.

The loan is to buy perfumes, creams, cosmetics, and all types of clothing such as t-shirts, trousers, blouse, children's clothing, etc. She's been in the communal bank since its inception and likes the support she receives in order to get ahead.

Her dream is to one day have a large business.
View original language description ↓
En la ciudadela Francisco Pacheco de la ciudad de Portoviejo capital manabita cada quince días se reúne el Banco Comunal Francisco Pacheco. Esta ciudad es conocida desde hace muchos años como la Ciudad del Valle por estar rodeada de majestuosas y hermosas montañas.

Este es un grupo de personas que hace un tiempo atrás decidieron unirse para lograr conseguir mejores beneficios a través de su grupo, ellos se dedican a diversas actividades como: comercio en general, servicios, venta de comida entre otras cosas.

Aquí conversamos con la señora Vilma M. L., tiene 42 años de edad, mantiene una relación de unión libre hace varios años de la cual tiene dos hijos de 21 y 15 años los mismos que estudian en universidad y colegio. Su esposo es comerciante.

Ella se dedica al comercio informal, vende productos de Yanbal (productos de belleza, perfumería y accesorios de damas). También vende ropa por catalogo, trabaja todos los días desde las 8h30 hasta las 17h00, su forma de venta es puerta a puerta y bajo pedido, deja sus productos a crédito y cobra semanalmente. Dice que le encanta vender y que lo mas salida tiene son los perfumes ya que son muy buenos, lleva realizando esta actividad desde hace 7 años y va muy bien.

Este crédito es para comprar perfumes, cremas, cosméticos, ropa de todo tipo como: camisetas, pantalones, blusas, ropa de niños, etc. Está en el Banco Comunal desde el inicio y le gusta el Banco por la ayuda que recibe para poder salir adelante.

Su sueño es tener un gran negocio.

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
  • 54
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Francisco Pacheco (Portoviejo) Group's $3,375 loan helped a member to buy perfumes, creams, cosmetics, trousers, t-shirts, blouses and children's clothing, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 5, 2011
Apr 14, 2011
Currency Exchange Loss:
Sep 15, 2011