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Aries (Portoviejo) Group
In this Group: María Gabriela, Diana Carolina, Nancy Viviana, Madelaine De Jesús, Luz América, Suleyca Yokasta, Mabell Monserrate*, Jacinto Gregorio, Maritza Maribel, Sandra Mariela, Bertha De Los Angelos*
* not pictured
In the old fortress “Las Orquedeas” (The Orchids) in the city of Portoviejo, the 10 female and 1 male members of the Aries Communal Bank meet every 15 days. They dedicate themselves to diverse activities including general commerce and services among other things. They united in order to gain access to benefits offered by the Espoir Foundation. This is the first loan cycle for their communal bank and they hope to comply fully in order to continue forward with the institution.

Here we get to know Sulayka, who is 19 years old, single, and studying in her 3rd semester at the University of Manabi. She lives in her sister's house.

In her spare time, Suleyka sells Yanbal products (beauty articles, cosmetics, perfumes, and ladies accessories), to pay for her education and personal expenses. She also works in a national postal office from 8:00 am until 5:00 pm. She makes her sales in the university where she studies during her free time. Sulayka sells on credit and collects weekly. She has done this for a year and it is going very well. Perfumes are her best sellers.

Sulayka will use this loan to buy perfumes, cosmetics, creams, and ladies jewelry. Her dream is to finish her studies and exercise her profession.

The 2 accompanying small photos are of a male and a female member who because of their work could not be present when the group photo was taken.
View original language description ↓
En la ciudadela Las Orquídeas en la ciudad de Portoviejo se reúnen cada quince días las 10 sociss y 1 socio del Banco Comunal Aries. Los mismos que se dedican a diversas actividades tales como comercio en general, servicios, entre otras cosas. Ellos unieron sus esfuerzos para poder acceder a los beneficios que presta la Fundación Espoir, este es su primer ciclo en el Banco Comunal y esperan cumplir muy bien para seguir adelante en la institución.

Aquí conocimos a Suleyka, tiene 19 años de edad, está soltera y estudia el tercer semestre de Auditoria en una Universidad de Manabí. Ella vive en la casa de una hermana.

La señorita Suleyka para obtener sus propios recursos y con estos poder solventar sus gastos de educación y personales se dedica en sus ratos libres a la venta de productos Yanbal (artículos de belleza, cosméticos perfumería y accesorios para dama), también trabaja en una oficina de encomiendas a nivel nacional, allí trabaja de lunes a sábado desde las 8h00 hasta las 17h00. Realiza sus ventas en la universidad donde estudia en sus ratos libres, deja a crédito y cobra semanalmente. Tiene un año que se dedica a esta actividad y le va muy bien. Lo que más vende son los perfumes.

Este crédito lo va emplear en comprar perfumes, cosméticos, cremas y bisutería.

Su sueño es terminar sus estudios y ejercer su profesión.

Las dos fotos pequeñas adjuntas son de un socio y una socia que por motivos de trabajo no pudieron estar presentes cuando se tomó la foto del grupo.

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
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,578,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Aries (Portoviejo) Group's $3,575 loan helped a member to buy perfumes, creams, cosmetics, and costume jewelry to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2011
Listed
Oct 31, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012