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Nuevo Paraiso (Portoviejo) Group
In this Group: Rita Marlene, Lourdes Magdalena, Eugenia Bertina, Cristina Nicolasa, Carmen María, Mayra Alejandra , Lissete Carlina, Glenda Johanna, Kelvin Javier, Gissela Monserrate, Concepción Azucena, Italidad Barbarita, Julia Yadira
Every two weeks the members of the “Nuevo Paraíso” (New Paradise) communal bank meet. They are engaged in a variety of activities such as: general commerce and providing services, among others. A short time ago, having learned about the benefits that the institution provides, decided to join together to be able to access loans that Fundación Espoir makes available. This is their first cycle in the communal bank and they expect to fulfill their obligations very well to continue receiving the benefits the institution provides.

We met Lissette, 20, here. She’s single living in her parents’ house. She’s studying third semester Accounting at Manabí’s Universidad Técnica.

Aside from studying, in order to earn a bit to cover her educational expenses, our friend sells shoes via catalogue. She sells door to door every day in her free time. She shows the catalogues to her customers so that they can place orders and when she receives the merchandise she makes her deliveries. She sells on credit and collects payment every two weeks. She’s been in this business two years and has done quite well.

This loan is to buy shoes to sell. This is her first cycle like the rest of the group and she likes it because the loans are granted quickly. Her dreams are to finish her schooling and to become a great professional and get a good job.
View original language description ↓
En la ciudad de Portoviejo se reúnen cada quince días los socios del Grupo De Crédito Nuevo Paraíso. Los mismos que se dedican a diversas actividades tales como comercio en general, prestación de servicios entre otras actividades. Ellos hace poco y al conocer de los beneficios que brinda la institución decidieron unirse y poder acceder a los créditos que brinda La Fundación Espoir, este es su primer ciclo en el Banco Comunal y esperan cumplir muy bien para seguir recibiendo los beneficios que da la institución.

Aquí conocimos a Lissette tiene 20 años de edad, está soltera y vive en casa de sus padres. Ella estudia el tercer semestre de Auditoria en la Universidad Técnica de Manabí.

Nuestra amiga además de estudiar y con el fin de ganar algo para solventar los gastos de sus estudios se dedica a la venta de zapatos por catálogo. Su forma de venta es puerta a puerta, trabaja todos los días y a la hora que este desocupada, ella enseña sus revistas para que sus clientes hagan los pedidos y cuando recibe la mercadería hace las entregas, ella deja a crédito y cobra cada quince días. Lleva dos años dedicada a este negocio y le ha ido bastante bien.

Este crédito es para comprar zapatos para la venta. Este es su primer ciclo al igual que todo el grupo y le gusta por la rapidez que salen los créditos.

Sus sueños son terminar sus estudios, ser una gran profesional y conseguir un buen trabajo.

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
  • 66
    View loans »
    Ecuador Loans Fundraising
  • $23,510,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nuevo Paraiso (Portoviejo) Group's $3,650 loan helped a member to buy shoes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2011
Listed
Aug 23, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2012