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Futuro Nuestro (Portoviejo) Group
In this Group: Silvia Patricia, Priscila Rocio, Frella Marlene, Julia Daniela, Bella Alexandra, Talia Jeaneth, Mónica Alexandra, Jacqueline Del Rocio, Angel Gabriel, Jairo Carlos*, María Neura, Mirna Narcisa
* not pictured
The “Futuro Nuestro” communal bank meets every two weeks in Montecristi Canton (Portoviejo) known for its rich pre-colonial culture and for its crafts that are renown both nationally and internationally; it’s where the famous straw hats come from.

This is a group of people who decided to join together and form a communal bank that will be very useful for them because they will improve their small businesses with the loans. They are in a variety of activities like farming, general commerce and services, among other activities.

We met Mónica, 20, here. She’s in a common law relationship and has a 2-year-old son. Her husband is a machinist on a tuna fishing boat.

She is a very good housewife and in order to help her husband with household expenses she sells clothing from the Nivi catalogue. She works three days a week selling, delivering and collecting payment for items she sells on credit. What she sells the most is children’s clothes. She’s been in business three years and has done well despite the heavy competition that exists.

She will use this loan to buy blouses, pants, shirts and children’s clothes to fill her pending orders. This is her and her group’s first cycle and she hopes to stay for a long time to receive help from the institution through its loans. Her dream is to have her house well furnished.
View original language description ↓
EL Banco Comunal Futuro Nuestro se reúne cada quince días en el Cantón Montecristi (Portoviejo), 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 decidieron unirse y formar este Grupo De Crédito que les servir de mucho ya que con los créditos ellos mejoran sus pequeños negocios. Ellos se dedican a diversas actividades tales como agricultura, comercio en general, servicios entre otras actividades.

En este lugar conocimos a la señora Mónica, tiene 20 años de edad y mantiene una relación de unión libre de la cual tiene un hijo de dos años de edad. El marido es maquinista en un barco atunero.

Ella es una muy buena ama de casa que para ayudar a su marido con los gastos del hogar se dedica a la venta de ropa por catálogos de la marca Nivi, trabaja tres días de la semana ofreciendo, entregando y realizando los cobros ya que deja a crédito, lo que mas vende es la ropa de niños, lleva en este negocio tres años y le ha ido bien a pesar de la dura competencia que existe.

Este crédito es para comprar blusas, pantalones, camisetas y ropa de niños para los pedidos que tiene. Este como para el resto del grupo este es su primer ciclo y espera quedarse por mucho tiempo para recibir la ayuda de la institución a través de los créditos.

Su sueño es tener su casa bien arreglada.

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
  • 19
    View loans »
    Ecuador Loans Fundraising
  • $22,541,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Futuro Nuestro (Portoviejo) Group's $3,975 loan helped a member to buy clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2011
Listed
Oct 20, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012