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Grupo Salvador (Portoviejo) Group
In this Group: Patricia Katrina, Karen Eliana, Jacqueline Elizabeth, Mercedes María, Emilia Alexandra, Felix Antonio, María Elena, Evelin Cristina, José Ananias, Viviana Andreina, Lorgia Virginia, Elsa María
In the city of Portoviejo the members of the Grupo Salvador Community Bank meet every two weeks. These members work in various activities such as general trading and services, among other things. They combined their efforts to be able to gain access to the benefits provided by the Fundación Espoir. This is their first lending cycle through the community bank and they expect to do very well so as to move forward with the institution.

One of the members is Señora Patricia. She is 38 years old and married, and from this relationship has three children aged 14, 10 and 7. The eldest is studying in secondary school and the two youngest in primary school. Her husband is a security guard.

Our friend is very enterprising; she manages two grocery stores. One is in her house, which was built with great effort, and the other is in the house of her sister, who lives in Spain and gave it to her to look after. Her mother-in-law runs one of the stores while she takes care of the other. She tells us that her children help her when they aren't busy and on weekends. She's had about 10 years with her business and thanks to her efforts was able to build her home and improve her life.

This loan is to stock up her stores even more; she is going to buy general food supplies as she likes to have everything that her customers prefer. This is her first lending cycle through the bank and she likes the ease of getting the loans.

Her dreams are to continue growing her businesses.
View original language description ↓
En la ciudad de Portoviejo se reúnen cada quince días los socios del Banco Comunal Grupo Salvador. Los mismos que se dedican a diversas actividades tales como comercio en general, servicios, entre otras cosas. Ellos unieron sus esfuerzos para poder acceder a los beneficios que presta la Fundación Espoir, este es su primer ciclo en el Banco Comunal y esperan cumplir muy bien para seguir adelante en la institución.

Una de las socias es a la señora Patricia, ella tiene 38 años de edad, está casada y de esta relación tienen tres hijos de 14, 10 y 7 años de edad, el mayor estudian en colegio y las menores en escuela. Su esposo es guardia de seguridad.

Nuestra amiga es muy emprendedora ella es dueña de dos tiendas de comestibles, una tiene en la casa que pudo construir con mucho esfuerzo y la otra en la casa de su hermana que vive en España y le dio para que se la cuide. Su suegra es quien administra una de las tiendas mientras que ella se encarga de la otra. Nos cuenta que sus hijos le ayudan cuando están desocupados y los fines de semana, que lleva cerca de 10 años con su negocio y que gracias a su esfuerzo pudo construir su casa y mejorar su vida.

Este crédito es para surtir aun más sus tiendas, va a comprar víveres en general ya que le gusta tener de todo para que sus clientes la prefieran. Este es primer ciclo en el banco y le gusta la facilidad para conseguir los créditos.

Sus sueños son seguir aumentando sus negocios.

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
  • 14
    View loans »
    Ecuador Loans Fundraising
  • $22,516,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Grupo Salvador (Portoviejo) Group's $3,975 loan helped a member to buy general food supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2011
Listed
Jun 29, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2011