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Los Angeles De Colón (Portoviejo) Group
In this Group: Patricia Arelisa, Esther Monserrate, Jessenia Vanessa*, Edilma Zoila, Fatima Maribel*, Narcisa Magdalena, Mercedes Del Carmen, Teresa Lourdes, Gloria Modesta, Karen Alexandra, Diana Carolina, Letty Marylin, Tanya Maricela
* not pictured
In the sector known as Los Ángeles in Colon Parish of the city of Portoviejo, the Communal Bank “Los Ángeles de Colon” meets every 15 days. The members of this group engage in different business activities such as agriculture, general retail, beauty services, cabinetmaking, and other trades. They joined together four months ago so that they could access the benefits made available through the loans offered by Fundación ESPOIR. This is their second loan cycle with the Communal Bank and they are very pleased with the benefits they received from the Institution.


It is here that one can meet Sra. Patricia. She is 25 years old, in a common law marriage, and has two children (ages 7 and 6) who are in elementary school. Her husband operates a small print shop.


Patricia is an excellent homemaker who also sells shoes and slippers. She sells door-to-door, but she also accepts orders and offers different payment options. Patricia works four days each week, but only in the mornings. She takes advantage of the hours while her children are in school to sell her products, but when they come home she helps them with their schoolwork. The merchandise she sells is purchased at a good price from a distributor in Portoviejo. Patricia has been in business for one year and has done very well.


This loan will be used to buy sandals and slippers. She is receiving her second loan from the Communal Bank. Patricia likes the fact that the loans have been a help to her business. Her goal is to have a larger business.


The woman in the small photo is Sra. Diana. Due to her class schedule, she was not able to be present at the meeting when the group photo was taken. Also appearing in the group photo is the ESPOIR loan officer. She is the woman sitting at the desk behind the members reading a stack of papers.

View original language description ↓
En el sector conocido como Los Ángeles en la parroquia Colon de la ciudad de Portoviejo se reúnen cada quince días las socias del Banco Comunal Los Ángeles De Colon. Las mismas que se dedican a diversas actividades tales como la agricultura, al comercio en general, prestan servicios como salones de belleza, ebanistería entre otras cosas. Ellas hace cuatro meses atrás unieron sus esfuerzos para poder acceder a los beneficios que presta la Fundación Espoir, este es su segundo ciclo en el Banco Comunal y están muy contentas con los beneficios recibidos de la institución.

En este lugar conocimos a la señora Patricia, tiene 25 años de edad y mantiene una relación de unión libre de la cual tiene dos hijos de 7 y de 6 años de edad que estudian en escuela. El marido tiene una pequeña imprenta.

Es una muy buena ama de casa que se dedica a la venta de zapatos y zapatillas. Su forma de venta es puerta a puerta aunque también trabaja a base de pedidos y les da facilidades de pago, ella trabaja cuatro días a la semana más que todo por las mañanas, aprovecha que a estas horas sus hijos están en la escuela ya que una vez que ellos llegan tiene que ayudarlos con sus tareas escolares. Los productos que ella vende los compra en Portoviejo en una distribuidora que le deja a buen precio. Lleva un año realizando esta labor y dice que le va muy bien.

Este crédito es para comprar sandalias y zapatos. Este es su segundo ciclo en el Banco Comunal y le gusta los créditos ya que estos le ayudan en su negocio.

Su sueño tener un negocio más grande.

La foto pequeña adjunta a la foto grupal es de la Señora Diana, que por el horario de sus estudios no pudo estar presente en la reunión donde fue tomada la foto grupal.
Tambien en la foto está la promotora quien está sentada en un escritorio leyendo un papel, detras de las socias.

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
  • 38
    View loans »
    Ecuador Loans Fundraising
  • $23,216,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Los Angeles De Colón (Portoviejo) Group's $3,200 loan helped a member to purchase shoes and slippers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2011
Listed
May 27, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2011