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Rosa Del Pilar
The “Virgen Del Rosario” communal bank meets every two weeks in Colorado, Montecristi Canton (Portoviejo), known for its rich pre-colonial culture and for its crafts that are famous both nationally and internationally. Most of the residents of this place manufacture tagua [nuts known as vegetable ivory] buttons, are craftspeople or in general commerce.

We met Rosa, 34, here. She’s a single mother of three children who are 15, 13 and 11 years old and who go to elementary and secondary schools. She lives in her parents’ house. She’s been in the communal bank for three cycles and likes it because of the help they give her with the loans.

She is a very good housewife who in order to earn her own income manufactures buttons made from tagua. To do so she uses a lathe (machine to cut tagua) that makes the buttons but leaves them in an unfinished state. They are then delivered to merchants that come here to buy them and take them to Manta to be exported abroad where they are finished. She works every day and has been in this business for almost two years.

She will use this loan to buy tagua nuts which is the raw material to make the buttons. She’s been in the communal bank for three cycles and she likes it because of the easy payments. Her dream is to have a large factory with more technology.
View original language description ↓
EL Banco Comunal Virgen Del Rosario se reúne cada quince días en Colorado del Cantón Montecristi (Portoviejo), conocido por su rica cultura pre colonial y por su artesanía que es reconocida a nivel nacional e internacional. En este sitio la mayoría de los habitantes se dedican a la fabricación de botones de tagua, artesanía y comercio en general.

Aquí conocimos a la señora Rosa tiene 34 años de edad, es madre soltera de tres hijos de 15, 13 y 11 y años de edad que estudian en colegio y escuela. Ella vive en casa de sus padres. Lleva en el Banco Comunal tres ciclos y le gusta por la ayuda que le dan con los créditos.

Ella es una muy buena ama de casa que para generar sus propios ingresos se dedica a la fabricación de botones hechos en tagua, para lo cual tiene un torno (máquina para cortar tagua) con la que se elaboran los botones pero en forma cruda, productos que entregan en su sector a comerciantes que llegan hasta este lugar a comprar para luego llevarlas a Manta para que estos sean enviados al extranjero donde son terminados. Trabaja todos los días, y lleva en este negocio por casi dos años.

Este crédito lo va a utilizar en comprar tagua que es la materia prima para la fabricación de los botones. Lleva tres ciclos en el Banco Comunal y le gusta por las facilidades de pago.

Su sueño es tener una fábrica grande con mayor tecnología.

About Ecuador

  • $10,600
    Average annual income
  • 54
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $675 helped Rosa Del Pilar to buy tagua nuts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2011
Listed
Nov 20, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 16, 2012