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Letty María
The Communal Bank “Puerto Real” meets every 15 days in the city of Portoviejo, the capital of Manabí. Portoviejo has been known for many years as the city of “Los Reales Tamarindos” because of the large quantity of tamarind fruit that is produced during this time of year.


It is in this place that one can meet Letty. She is 43 years old, single, and lives with her mother. Letty is the owner of a building that has floors for rent. She has used the loans to invest in repairs of the various floors so that she can make them more comfortable for her tenants and generate more revenue. With the loan she will receive, Letty will replace a few windows that have deteriorated on two floors that are vacant. She hopes that making the repairs will allow her to rent them out quickly at a very good price.


This loan will be invested in the purchase of five glass windows so that her tenants will have greater comfort and security. Letty has been with the Communal Bank for four loan cycles and enjoys being a member because the interest rates are lower than traditional banks.


Her goals include making repairs to all of the floors in her building as soon as possible.

View original language description ↓
En la ciudad de Portoviejo, capital de Manabí conocida desde hace muchos años como la ciudad de los reales tamarindos, por la gran cantidad de este fruto que había en aquella época, se reúnen cada quince días las socias del Grupo De Crédito Puerto Real.

En este lugar conocimos a Letty, tiene 43 años de edad, está soltera y vive con su mamá.

Ella es propietaria de un edificio en el cual tiene departamentos para alquilar, nos cuenta que utiliza los créditos para invertirlos en arreglar dichos departamentos y darles más comodidad a sus inquilinos pero también esto le deja mejores ganancias a la vez. Con este crédito que esta por recibir ella va a arreglar algunas ventanas que están un poco deterioradas en dos departamentos que están desocupados, espera que con los arreglos que está haciendo arrendarlos muy pronto y a muy buen precio.

Este crédito lo va a invertir en comprar 5 ventanas de vidrio que le hacen falta para dar mayor conformidad y seguridad a sus inquilinos. Está en el Grupo De Crédito hace cuatro ciclos y le gusta porque los intereses son sumamente bajos en relación a los bancos tradicionales.

Sus metas son tener arrendados todos sus departamentos muy pronto.

About Ecuador

  • $10,200
    Average annual income
  • 28
    View loans »
    Ecuador Loans Fundraising
  • $22,871,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $550 helped Letty María to purchase five windows.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2011