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Las Mercedes (Portoviejo) Group
In this Group: Lady Geomar , Julia Margarita, María Graciela, Edita Del Rosario, Eladia Consuelo*, Dexy María, Lucia Del Carmen, Angela María, Dolores Isabel, Luis Javier, Maria Esther, Paula Mercedes, Yolanda Felicidad*
* not pictured
The Communal Bank Las Mercedes ("the favors") meets every fortnight in the beautiful city of Calceta, known as "Calceta the unrivaled" because of the beauty of its women and because its inhabitants believe that there is no more beautiful city in the world. This is a group of people who decided to join together four months ago and create this communal bank, which has provided them many services to improve their small businesses. The group members have various businesses, such as trade, services, sale of food and other activities.

Here lives Señora Paula. She is 40 years old and lives in a common-law marriage. She has five children aged 20, 16, 14, 11 and 9. Two of them attend secondary school and two go to elementary school. Her husband is a merchant. Our friend does the chores in a house, but she also has a small store at home where she sells juice, soda, fast food like fried green plantain dumplings, empanadas, corviches, and lunch. Since her home is very close to a school, she took advantage of the fact that students and teachers of the institution came to her small store and bought her products. Early in the morning she and her eldest daughter begin to prepare all the ingredients. After that the daughter stays in the store and sells, while the mother must go to work. Paula has been in this activity for the past four months. It was with the first loan that she launched her activity and she is doing quite well.

This loan will be used to buy ingredients for her dishes. She took two loans in her communal bank and is grateful for the support offered by the bank. Her dream is to own a great restaurant.

The small photo pictures one of the members who was sick when the group was photographed.
View original language description ↓
EL Banco Comunal Las Mercedes se reúne cada quince días en la hermosa ciudad de Calceta, ciudad conocida con el nombre de “Calceta la sin par”. Por la belleza de sus mujeres y porque para sus habitantes no hay ciudad más hermosa en el mundo.

Este es un grupo de personas que decidieron unirse hace cuatro meses atrás y formar este Banco Comunal que les ha servido de mucho para mejorar sus pequeños negocios. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.

En este lugar vive la señora Paula, tiene 40 años de edad y mantiene una relación de unión libre de la cual tiene cinco hijos de 20, 16, 14, 11 y 9 años de edad, dos estudian en colegio y dos en escuela. El marido es comerciante.

Nuestra amiga realiza quehaceres domésticos en una casa, pero además tiene un pequeño negocio en su casa, en el vende jugos, sodas, comidas rápidas como bolones de verde, empanadas, corviches y almuerzos. Como su casa está muy cerca de un colegio ella aprovechan que tanto alumnos como profesores de dicha institución llegan hasta su pequeño local a servirse sus productos, ella muy temprano junto a su hija mayor preparan todos los alimentos y luego su hija se encarga de vender ya que ella tiene que ir a su trabajo. Lleva 4 meses en este negocio y fue con el primer crédito que empezó y le está yendo bastante bien.

Este crédito es para comprar víveres para preparar los alimentos, lleva dos ciclos en el Banco Comunal y le gusta por la ayuda que le brinda el banco.

Su sueño es tener un gran restaurante.

La foto pequeña adjunta es de una de las socias que por motivo de enfermedad no pudo estar presente cuando se tomo la foto del grupo.

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
  • 72
    View loans »
    Ecuador Loans Fundraising
  • $23,911,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Mercedes (Portoviejo) Group's $4,800 loan helped a member to buy ingredients for her dishes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2011
Listed
Aug 24, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2012