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Cruz Magdalena
The Communal Bank “Picoaza” meets every 15 days in the parish of Picoaza in the city of Portoviejo. This place is known for being a commercial area, celebrating the traditional festivals of St. Peter and St. Paul, and having a rich historical culture influenced by the surrounding mountains.


Sra. Cruz lives in this place. She is 52 years old, married, and has three children who are grown and independent. Her husband is both a chauffeur and a merchant.


Cruz and her husband sell all types of clothing. They travel to the city and the rural areas in a truck that they own. This enables them to reach many places in order to make sales. They sell their products for cash but they also extend credit only to people that they know and trust. Cruz and her husband work Fridays, Saturdays, and Sundays. The merchandise is purchased in Guayaquil, which is where her son lives. Her son buys the merchandise and then sends it to her via transportation provided by a cooperative.


This loan will be used to buy trousers, t-shirts, blouses, and children’s clothing. Cruz has been with the Communal Bank for four loan cycles and enjoys being a member because the interest rates are very low. Her dream is to have her own store so that she can sell from a stable place of business.

View original language description ↓
El Banco Comunal Picoaza se reúne cada quince días en la parroquia Picoaza de la ciudad de Portoviejo. Lugar conocido por ser una zona muy comercial, por sus fiestas tradicionales de San Pedro y San Pablo y por la rica cultura histórica que encierran sus montañas.

En este lugar vive la señora Cruz, ella tiene 52 años de edad, está casada y fruto de esta relación tiene tres hijos los mismos que ya son mayores de edad e independientes. Su marido es chofer y comerciante.

Ella y su esposo se dedican a la venta de ropa de todo tipo, recorren la ciudad y los campos en una camioneta que es de su propiedad y que les permite desplazarse por muchos lugares donde realizan las ventas, las mismas que son al contado aunque también deja a crédito pero solo a personas conocidas y de confianza, trabajan los viernes, sábados y domingos, la mercadería la compran en Guayaquil ya que su hijo vive allá, él les da comprando y se las envía por transporte de cooperativa.

Este crédito es para comprar pantalones, camisetas, blusas y ropa de niños. Está en el Banco Comunal hace 4 ciclos y le gusta porque los intereses son bien bajos.

Su sueño es tener su propio almacén para vender en un lugar estable.

About Ecuador

  • $10,200
    Average annual income
  • 38
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $775 helped Cruz Magdalena to buy trousers, t-shirts, blouses, and children’s clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2011
Listed
Sep 29, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012