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Calle Cordova (Portoviejo) Group
In this Group: Sandra Katiusca, María Elizabeth, Esilda Leopoldina, Mayra Carolina, Dolores Monserrate, Jimmy Stalin, Liceth Elizabeth, Ana María, Carmen Beatriz, Gloria Auxiliadora, María Magdalena*, Lucio Willians
* not pictured
The members of the “Calle Córdova” communal bank meet every two weeks in the city of Portoviejo. This pretty city is known as the “City of the Royal Tamarinds.”

This is a group of people that decided to join together into this communal bank which will be very useful because with the loans they will be able to improve their small businesses. They carry out a variety of activities like general commerce, services and food sales, among other activities.

We met Ana, 37, here. She’s a single mother of three daughters who are 17, 12 and 8 years old; the youngest goes to elementary school and the two oldest go to secondary school.

To earn a living she’s been working for several years in an inn in the city. She does cleaning and other tasks there. But to earn a little extra money she also sells all types of clothes door to door in her free time. She has many customers that buy her merchandise and her oldest daughter also helps her out selling clothes to her classmates. She sells on credit and collects payment every two weeks. She’s been in this business two years and does quite well.

She will use this loan to buy pants, blouses, t-shirts and children’s clothes. It’s her first loan in the communal bank and she hopes to continue for a long time. Her dream is that her daughters finish their schooling and become professionals.
View original language description ↓
En la ciudad de Portoviejo se reúnen cada quince días los socios del Banco Comunal Calle Córdova. Esta linda ciudad se la conoce por el nombre de la Ciudad De Los Reales Tamarindos.

Este es un grupo de personas decidieron unirse y formar este Grupo De Crédito que les va a servir de mucho ya que con los créditos pueden mejorar sus pequeños negocios. Se dedican a diversas actividades tales como, comercio en general, servicios, venta de comida entre otras actividades.

Aquí conocimos a la señora Ana tiene 37 años de edad, es madre soltera de tres hijas de 17, 12 y 8 años de edad que estudia una en escuela y las dos mayores en colegio.

Ella para ganarse la vida desde hace varios años trabaja en una hostería de la ciudad, allí realiza trabajos de limpieza y otros arreglos del lugar, pero para ganar un dinero extra también se dedica a la venta de ropa de todo tipo el cual lo realiza puerta a puerta en sus ratos libres, tiene muchos clientes que le compran su mercadería además su hija mayor también le ayuda con sus ventas ya que les ofrece a sus compañeras de clases. Ella deja a crédito y cobra cada quince días, lleva dos años en esta actividad y le va bastante bien.

Este crédito es para comprar pantalones, blusas, camisetas y ropa de niños. Es su primer crédito en el banco y espera seguir por mucho tiempo.

Su sueño es que sus hijas terminen sus estudios y sean profesionales.

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
  • 52
    View loans »
    Ecuador Loans Fundraising
  • $24,303,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Calle Cordova (Portoviejo) Group's $3,200 loan helped a member to buy clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2011
Listed
Oct 21, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012