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Las Palmas Km 14  Portoviejo Group
In this Group: Maritza Elizabeth, Ruth Beatriz, Janeth Elizabeth, Flerida Isabel, Dominga Isabel, Juana Estela, Estrella Del Rocio, Ana Luisa, Hilda Margarita, Magali Marisol*, Evelyn Johanna, Jhon Jairo, Rosa Mercedes, Marella*, Dioselina Carmen*, Ligia Lilibeth
* not pictured
The Communal Bank, Las Palmas KM 14, meets every fifteen days in the Canton of Montecristi, known for its rich pre-colonial culture and for its arts and crafts which are nationally and internationally recognized. They are also known for their famous Panama-style hats.

Four months ago, these members decided to organize and form a communal bank. The credit that they have been able to receive has helped them improve their small businesses. All of the members work in diverse areas, such as business, services, food sales.

One of the members of this group is Ms. Ruth. She is one of the founding members of the communal bank and likes it very much because she can easily obtain loans. She is 49 years old and has 4 children, three of whom are adults and one of whom is a minor of seven years old who attends school. Her husband is a business man.

She is a very good house wife who gives her all to her home and to her children. In order to help her husband with their household costs, she works in the sale of shoes and sandals by catalog. She works four days a week and sells them door to door, mainly visiting her clients in the afternoon. She has been doing this for over two years and states that is has been going very well, as she has numerous customers.

This loan will be used to purchase shoes and sandals, since she already has many orders.

Her dreams are to expand her business and the communal bank.
View original language description ↓
EL Banco Comunal Las Palmas KM 14 se reúne cada quince días en el en el sitio D. mismo nombre D. Cantón Montecristi, conocido por su rica cultura pre colonial y por su artesanía que es reconocida a nivel nacional e internacional. Lugar de los famosos sombreros de paja toquilla.

Este es un grupo de personas que hace 4 meses atrás decidieron unirse y formar este Banco Comunal que les ha servido de mucho ya que con los créditos ellas han podido mejorar sus pequeños negocios. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.

Una de las integrantes de este grupo es la señora Ruth, es socia fundadora D. Banco comunal y le gusta por la facilidad para conseguir los créditos. Tiene 49 años de edad, mantiene una relación de unión libre de la cual tiene 4 hijos, tres de ellos ya son mayores de edad y el menor de 7 años el mismo que estudia en escuela. El marido es comerciante.

Ella es una muy buena ama de casa que lo da todo por su hogar y por sus hijos, ella para ayudar a su marido con los gastos que genera el hogar se dedica a la venta de zapatos y sandalias por catálogo, trabaja cuatro días de la semana y su forma de venta es puerta a puerta pues ella visita a sus clientes en estos días mas que todo por las tardes cuando está desocupada, nos cuenta que ya lleva dos años dedicada a esta actividad y le ha ido muy bien ya que tiene bastantes clientes.

Este crédito es para comprar zapatos y sandalias ya que tiene varios pedidos.

Sus sueños son seguir adelante en su negocio y en el banco comunal.

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
  • 51
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Palmas Km 14 Portoviejo Group's $4,850 loan helped a member to purchase shoes and sandals.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 2, 2011
Listed
Sep 17, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2012