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Nueva Esperanza (Portoviejo) Group
In this Group: Flor Elizabeth, Jenny Maribel, Marisol Isabel, Mariuxi Monsserate, Alejandrina Dolores*, Mariana De Jesús, Rosa Armandina, José Alberto, Ruben Orlando, Deisy Annabel, Juana Piedad, Zoila Ana, María Luzmila, Jessica Gabriela, Mayra Alexandra
* not pictured
On the outskirts of Portoviejo, a place where a majority of the people work in agriculture and raise animals, the partners of the Banco Comunal La Nueva Esperanza ("Communal Bank The New Hope") meet every fifteen days.

This is a group of people that decided to unite and form this communal bank that will help them a lot, as the loans will allow the group members to improve the small businesses that they have. They work in diverse businesses, such as commerce, agriculture, and raising animals.

Here, we meet Flor, who is 29 years old and lives in a common law marriage through which she has four children, aged 13, 10, 8, and 6, who are in school. Her husband is a driver.

She is a very good housewife who sells underwear and Oriflame products (beauty products, cosmetics, perfumes, and accessories for women) to acquire her own income. She works three days a week, selling her products on credit and collecting money each week. She has worked in this business for a year, and it is going very well. She loves to sell her products as they are very good.

This loan is to purchase perfumes, lotions, cosmetics, and underwear. This is her third loan cycle with the communal bank, and she likes it because the repayments are easy to make.

Her dream is to own a boutique.
View original language description ↓
En las afueras de Portoviejo las socias y los socios del Banco Comunal La Nueva Esperanza se reúnen cada quince días, lugar donde la mayoria de su gente se dedicada a la agricultura y cría de animales.

Este es un grupo de personas que decidieron unirse y formar este Banco Comunal que les va a servir de mucho ya que con los créditos ellos van a mejorar los pequeños negocios que tienen. Se dedican a diversas actividades tales como comercio, agricultura y cría de animales.

En este lugar conocimos a la señora Flor, tiene 29 años de edad y mantiene una relación de unión libre de la cual tiene cuatro hijos de 13, 10, 8 y 6 años los mismos que estudian en escuela. El marido es chofer.

Ella es una muy buena ama de casa que para obtener sus propios recursos se dedica a la venta de ropa interior y de productos Oriflame (productos de belleza, cosméticos, perfumería y accesorios para damas). Trabaja tres días a la semana, deja sus productos a crédito y cobra cada semana. Tiene un año que se dedica a esta actividad y le va muy bien, a ella le encanta vender sus productos ya que son muy buenos.

Este crédito es para comprar perfumes, cremas, cosméticos y ropa interior. Este es el tercer ciclo en el Banco Comunal y le gusta porque los pagos son fáciles de hacer.

Su sueño es tener una boutique.

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
  • 46
    View loans »
    Ecuador Loans Fundraising
  • $24,293,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza (Portoviejo) Group's $4,300 loan helped a member to buy perfumes, lotions, cosmetics, and underwear.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2011
Listed
Nov 14, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012