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Efren Flor (Portoviejo) Group
In this Group: Rosa Asuncion, Gina Gabriela, Mercedes Gioconda, Irene Soledad, Narcisa De Jesús, Carlos Alberto*, María Tereza , Verónica Alexandra, María Mercedes, Adrian Martín, Mireya Seranovia, Deysi Magdalena, Modesta Isabel, Zoila Matilde*
* not pictured
The Efrén Flor communal bank meets every two weeks in the parish of Picoaza in the city of Portoviejo. This place is known for being a very commercial area, for its traditional festivals of St. Peter and St. Paul, and for the happiness of its people.

This is a group of people who decided to unite and form this communal bank that helps them very much, since with the loans they can improve their small businesses. They engage in various activities such as business, services, and food sales, among others.

In this place we meet Rosa, 51. She is married. She and her husband have three children, all of whom are adults, and despite the fact that one of them is married, all of her children still live with her. Her husband is a driver.

She is a housewife, very hard-working and a fighter, who engages in business in order to earn something herself and contribute towards the household expenses. She sells clothing of all kinds, shoes, Romanel jewelry, and Avon cosmetics. Her method of selling is door-to-door. She works weekdays delivering her products and she collects money every weekend. She has had this business for 3 years and she hopes to improve it with the loans that she is now receiving from the institution.

She will use this loan to purchase more merchandise such as: clothing, shoes, Romanel jewelry, and Avon cosmetics. This is her first cycle in the communal bank, and she likes it because of the speed with which the loans go out.

Her dream is to further increase her business.
View original language description ↓
El Banco Comunal Efrén Flor 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 alegría de su gente.

Este es un grupo de personas que decidieron unirse y formar este Banco Comunal que les sirve de mucho ya que con los créditos ellos pueden mejorar sus pequeños negocios que tienen. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.

En este lugar conocimos a la señora Rosa, tiene 51 años de edad, está casada y de esta relación tienen tres hijos, todos son mayores de edad y a pesar de que uno de ellos es casado aun viven con ella todos sus hijos. Su esposo es chofer.

Es una ama de casa muy luchadora y trabadora que para ganar algo por su cuenta y contribuir en los gastos D. hogar se dedica al comercio, vende ropa de todo tipo, zapatos, joyería de Romanel y cosméticos de Avon, su forma de venta es puerta a puerta. Trabaja dos días a la semana en la entrega de sus productos y cobra todos los fines de semana. Tiene 3 años que se dedica a este negocio y espera mejorarlo con los créditos que ahora recibe de la institución.

Este crédito lo va emplear en comprar más mercadería como: ropa, zapatos, joyas de Romanel y cosméticos Avon. Este es su primer ciclo en el Banco Comunal y le gusta por la rapidez con que salen los créditos.

Su sueño es incrementar más su negocio.

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
  • 25
    View loans »
    Ecuador Loans Fundraising
  • $22,853,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Efren Flor (Portoviejo) Group's $4,300 loan helped a member to purchase clothing, shoes, jewelry, and cosmetics.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2011
Listed
Oct 10, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2012