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2 De Noviembre (Portoviejo) Group
In this Group: Susana Elizabeth, Patricia Alexandra, Yrene Floridalba, María Juana, Jenny Violeta, José María, Paula Florentina, Angela Leonela*, Rosa Anelida, Virginia Del Rocío, María Beneranda*, Rosa Marlene, Miriam Jessenia, Rosa Nereysi, Mariana De Jesús, Sergio Alberto
* not pictured
In the April 15th neighborhood of the city of Portoviejo, one can find honest and hardworking people, a wide variety of cuisines, and a variable and pleasant climate. The members of the November 2nd Communal Bank meet every 15 days. They engage in different businesses in retail, services, and other sectors. The members have joined forces so that they can access the benefits provided by Fundación ESPOIR. This is their first loan cycle as a Communal Bank and they hope to do well so that they can move forward with the organization.


It is here that one can meet Don Sergio. He is 44 years old, divorced, and has four children. Two of them are grown and the other two (ages 16 and 14) attend high school. All of his children live with him.


Sergio is a merchant who sells remedies and natural products. He travels around the city offering his products. Sergio also visits other cities in order to make sales. He works every day and, according to him, would not able to support his children if he was not working. His products are purchased at a store in the city and then sold nationally and abroad. Sergio has been in business for more than 23 years and has many customers who always buy his products because they are very good.


This loan will be used to buy remedies and natural products. Sergio is in his first loan cycle with the Communal Bank and he enjoys the speed by which he was able to secure the loan. His dream is to have a large shop in the downtown area.


The woman in the turquoise shirt and standing in the back row of the photograph is a relative of one of the members. She does not belong to the group.

View original language description ↓
En la ciudadela 15 De Abril en la ciudad de Portoviejo ciudad de gente honesta y trabajadora con una gran variedad en su gastronomía y con un clima variable y agradable, cada 15 días se reúnen los socios del Banco Comunal 2 De Noviembre. 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.

En este lugar conocimos a don Sergio, tiene 44 años de edad, está divorciado y tiene 4 hijos, dos mayores y dos de 16 y 14 años de edad que estudian en colegio, todos sus hijos viven con él.

El se dedica al comercio, vende remedios y productos naturales, recorre la ciudad ofreciendo sus productos y también se desplaza a otras ciudades para realizar sus ventas, trabaja todos los días ya que según él, si no trabaja como mantiene a sus hijos, sus productos los compra en un local de la ciudad y vende productos tanto nacionales como del extranjeros, lleva más de 23 años en este negocio y tiene mucha clientela que siempre le compran ya que sus productos son muy buenos.

Este crédito es para comprar remedios y productos naturales. Este es su primer ciclo en el Banco Comunal y le gusta por la rapidez para conseguir los créditos.

Su sueño es tener un gran local en el centro.

La señora con una camiseta turquesa que aparece en la foto en la última fila, arimada a una puerta negra es familiar de una de las socias y no pertenece al 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
  • 44
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 2 De Noviembre (Portoviejo) Group's $4,850 loan helped a member to buy remedies and natural products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2011
Listed
Nov 15, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012