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Las Palmitas (Portoviejo) Group
In this Group: Yesenia Marisol, Gladys Marlene, Ana Mariela, María Jesús, María Lucciola, Rosa Isabel, Ana Cecilia, Aracely Martina, Teresa Bienvenida, Silvia Leonor, Gloria Claudina, Mercedes Estela*, Angela Margarita, María Emiliana
* not pictured
The communal bank "Las Palmitas" ["The Little Palms"] meets every fifteen days in the canton of Montecristi, which is known for its rich pre-colonial culture and for its handicrafts, which are recognized at the national and international levels. This is the place where the famous paja toquilla [or "Panama"] hats come from.

This is a group of people who decided to come together, three loan cycles ago, and form this communal bank. It is very helpful for them, since with the loans they have been able to improve their standard of living and finance their businesses more effectively. Most of the members of this bank work creating handicrafts, above all paja toquilla products. Some are also involved in trade in general.

In this place, we meet María Jesús, who is 33 years old. She is married, and from this relationship she has two daughters, aged 11 and 7, who are in elementary school. Her husband is an artisan. For her this is the fourth loan cycle in the communal bank. She likes it because of the help the institution gives its members.

She is an artisan and works making and selling paja toquilla hats. She works every day, and she reports that it is a profession she loves, since her creations are not only part of a continuing tradition that is many years old, but also are admired in many parts of Ecuador and the rest of the world. She learned this profession from her parents, and they learned it from her grandparents. She has worked in this area for some 20 years, and she does it together with her husband, who also weaves hats. Once the hats are semi-finished, they are sold to businesspeople who arrive in the Pampas area to buy from the artisans and take the products to other cities.

This loan is to buy paja toquilla to make the hats.

Her dream is that her children will have a good future.
View original language description ↓
EL Banco Comunal Las Palmitas se reúne cada quince días en el Cantón Montecristi , conocido por su rica cultura pre colonial y por su artesanía que es reconocida a nivel nacional e internacional. Lugar de los famosos sombreros de paja toquilla.

Este es un grupo de personas que hace tres ciclos decidieron unirse y formar este Banco Comunal que les sirve de mucho ya que con los créditos han podido mejorar el nivel de vida y ayudarse a financiar sus negocios, la mayoría de las personas que integran este banco se dedican a realizar trabajos de artesanía más que todo productos de paja toquilla y también se dedican al comercio en general.

En este lugar conocimos a la señora María Jesús, tiene 33 años, es casada y de esta relación tiene dos hijas de 11 y 7 años de edad que estudian en escuela. El marido es artesano. Para ella este es el cuarto ciclo en el banco Comunal le gusta por la ayuda que les brinda la institución.

Ella es artesana se dedica a la elaboración y venta de sombreros de paja toquilla, trabaja todos los días y nos cuenta que esta es una profesión que le encanta ya que sus obras además de continuar con una tradición de muchos años también sus sombreros son admirados en muchas partes del Ecuador y del mundo, aprendió esta profesión de sus padres y estos de sus abuelos, lleva como 20 años que se dedica a esta actividad y esto lo hace junto a su esposo el cual también teje sombreros. Los sombreros una vez semiterminados los venden a comerciantes que llegan hasta las Pampas a comprar a los artesanos para llevarlos a otras ciudades.

Este crédito es para comprar paja toquilla para elaborar los sombreros.

Su sueño es que sus hijos tengan un buen futuro.

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
  • 65
    View loans »
    Ecuador Loans Fundraising
  • $23,498,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Palmitas (Portoviejo) Group's $4,525 loan helped a member to buy paja toquilla fibers to make hats.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 12, 2011
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2011