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Primero De Enero (Portoviejo) Group
In this Group: Yaseny Mercedes, Yvonny Viviana, Janeth Auxiliadora, Narcisa Maribel, Yadira Isabel, Emerita Raquel, María Bertilina, Brijida Monserrate, Rosa Elena, Angelica María*, María Elizabeth*, Samuel Fernando, Leslie Ondina, Paula Galud, Cecilia Maribeth, Analina Mercedes
* not pictured
The January 1st Communal Bank meets every 15 days in the canton of Junín. This place is known for its friendly and hardworking people. It is also known for distilling the best brandy in Ecuador.


The members of this group decided to join together to form this Communal Bank. With the loans they have received, they have been able to improve their small businesses. They engage in different businesses involving trade, services, selling food, and other activities.


It is in this place that one can meet Sra. Rosa. She is 52 years old. Her husband passed away several years ago, but their marriage resulted in four children who are already adults. Rosa was born in Guayas Province, but after her husband died, she came to live in the beautiful canton of Junín. She now has a new companion with whom she currently lives.


Rosa has a shop where she sells bazaar items, ice cream, candy, and other products. Her shop is located in front of a church and a school. Both children and people attending church come into her shop to buy her products. Rosa works every day from 6:30am to 10pm. Since opening her shop six years ago, she has done very well. Through her business, Rosa is able to provide for her daily needs.


This loan will be used to buy more products to restock her business such as ice cream, candy, bazaar items, and other products that she lacks. This is her first loan and she likes the speed by which Fundación ESPOIR disburses the loans. Her goal is to have her own shop since she currently rents the location for her business.

View original language description ↓
EL Banco Comunal 1 de Enero se reúne cada quince días en el cantón Junín, este lugar se lo conoce por su gente amable y trabajadora y porque en este lugar se destila el mejor aguardiente del Ecuador.

Este es un grupo de personas que decidieron unirse y formar este Banco Comunal que les sirve de mucho ya que con los créditos ellos pueden mejorar sus pequeños negocios. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.

En este lugar conocimos a la señora Rosa, tiene 52 años, hace varios años su esposo falleció pero de esa relación tiene cuatro hijos los mismos que ya son mayores de edad, ella es nacida en la provincia del Guayas pero después que murió su esposo ella se vino a vivir a este lindo cantón en el cual ha conseguido un nuevo compañero con el que vive actualmente.

Ella tiene un local en el cual vende artículos de bazar, helados, golosinas y otros productos, aprovecha que este local está al frente de una iglesia y de una escuela y tanto los niños como las personas que asisten a la iglesia siempre van a su local a consumir sus productos. Trabaja todos los días desde las 6h30 hasta las 22h00, nos cuenta que lleva en su local siete años y que le va muy bien. Con este negocio ella obtiene su sustento diario.

Este crédito es para comprar más productos para surtir su negocio como helados, golosinas, artículos de bazar y otros productos que le hacen falta. Este es su primer crédito y le gusta la rapidez con que dan los créditos en la institución.

Su meta es tener un local propio ya que donde tiene su negocio es alquilado.

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
  • 104
    View loans »
    Ecuador Loans Fundraising
  • $24,223,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Primero De Enero (Portoviejo) Group's $4,575 loan helped a member to purchase ice cream, candy, bazaar items, and other products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2011
Listed
Jun 26, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2011