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Los Andes (Portoviejo) Group
In this Group: Gloria Floridalba, Mayra Gabriela*, Amada Maricela, Carmen María, Katherine Lissette, Danny Marcelo*, Mary Araceli, Karina Patricia, Mildre Yajaira, Silvia Leonor, Mariela Elizabeth, Hugo Andres, Janeth Lisseth, Angela Trinidad, Sonia Yadira
* not pictured
Los Andes Communal Bank is made up of 13 women and 2 men. They meet every two weeks in an area of the city of Portoviejo known as El Guabito, a place of hard-working, peaceful people dedicated to their families. This is a group of people who decided to get together and form this communal bank that is going to be useful to them, since with the loans they can improve their small businesses. They work in various activities such as business, service, food sales, and others.

Gloria lives in this place. She is 37 years old and has a common-law relationship from which she has three children, ages 16, 13, and 10. All of them still live at home even though the oldest daughter is engaged; the younger ones are in high school and elementary school. Her husband is a security guard.

She works selling Avon and Yanbal products (beauty products, cosmetics, perfume, and women's accessories) to have her own resources and with them help her husband. She works every day for three or four hours, leaving the products on credit and collecting the payments every weekend. She has been selling these products for five years and what she sells most are the perfumes, since they are very good.

This loan is to buy perfume, cream, cosmetics, and costume jewelry. This is her first cycle in the communal bank. She is the president of the group and she hopes to perform, to continue receiving loans and the benefits that the foundation offers.

Her dream is to have a big store downtown in the city.

Danny and Mayra are missing from the photo since they were at work when it was taken. There are two children of two of the women in the picture.
View original language description ↓
El Banco Comunal Los Andes está formado por 13 socias y 2 socios, se reúne cada quince días en un sector conocido como El Guabito de la ciudad de Portoviejo. Lugar de gente amable, trabajadora y dedicada a sus familias.

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 pueden mejorar sus pequeños negocios que tienen. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.

En este lugar vive la señora Gloria, tiene 37 años de edad y mantiene una relación de unión libre de la cual tiene tres hijos de 16, 13 y 10 años de edad los mismos que aun viven en sus casa a pesar de que la mayor ya está comprometida, los menores estudian en colegio y escuela. El marido es guardia de seguridad.

Ella para obtener sus propios recursos y con estos ayudar a su esposo se dedica a la venta de productos Avon y Yanbal (productos de belleza, cosméticos, perfumería y accesorios para damas). Trabaja todos los días de tres a cuatro horas por dia, ella deja sus productos a crédito y cobra cada fin de semana. Tiene cinco años que se dedica a la venta de estos productos y lo que más vende son los perfumes ya que son muy buenos.

Este crédito es para comprar perfumes, cremas, cosméticos y bisutería. Este es el primer ciclo en el Banco Comunal, es la presidenta del grupo y espera cumplir para seguir recibiendo los créditos y beneficios que ofrece la fundación.

Su sueño es tener un gran almacén en el centro de la ciudad.

En la foto del grupo faltan el Señor Danny y la Señora Mayra que por motivos de trabajo no pudieron estar presentes cuando se tomó la foto del grupo. En la foto están dos niños que son hijos de 2 socias.

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
  • 43
    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 Los Andes (Portoviejo) Group's $3,425 loan helped a member to buy perfume, cream, cosmetics, and costume jewelry.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2011
Listed
Nov 16, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012