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Nueva Unión (Portoviejo) Group
In this Group: Eulalia Auxiliadora, Rosa Iiliana, Leonor Edith, Eulalia Magdalena, Silvia Del Jesús, Glenda Sofia*, Guissela Maribel, Angela Johanna, José Indauro, Benigno Jacinto, Lizeth Monserrate, Yulissa Yumeth
* not pictured
The Nueva Unión Community Bank meets every 15 days in Junín (Portoviejo). This place is known for its friendly and hard-working people and because in this place the best brandy of the province and of Ecuador is distilled here.

This is a group of ten female members and two male members who decided to unite and form this community bank that has served them a lot since with the loans, they have been able to improve their small business or make a start in the world of commerce. They are dedicated to different work such as commerce, service, selling food, among other activities.

Johanna lives here. She is 27 years old and maintains a relationship from which she has three children who are 8,5, and two years old. The two eldest study at school. Her spouse works in Quito.

She is a very responsible and hard-working young mother who wants the best for the future of her children. With this loan she is going to start a business selling all types of clothing. She is going to move near Quito where her husband works and to bring merchandise in order to take advantage of the Christmas and New Year holiday which is when people buy more clothing. She wants to bring, above all, children's clothing since it is what she sells most on those days.

This loan is going to be used to buy trousers, blouses, shirts, children's clothing and jewelry. This is her first cycle with the community bank and she likes it for its speed to acquire a loan.

Her dreams are that her business prospers and to give her children the best.

In the photograph, we can see a small photo that belongs to a member who, due to job reasons, was not able to be present when they took the group photo. Also, in the left part of the photo is a woman who is seated on a bank with a red shirt. This woman does not belong to the group.
View original language description ↓
EL Banco Comunal La Nueva Unión se reúne cada quince días en el cantón Junín (Portoviejo), este lugar se lo conoce por su gente amable y trabajadora y porque en este lugar se destila el mejor aguardiente de la provincia y del Ecuador.

Este es un grupo de 10 socias y 2 socios que decidieron unirse y formar este Banco Comunal que les sirve de mucho ya que con los créditos, ellos pueden mejorar sus pequeños negocios que tienen o empezar en el mundo del comercio. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.

Aquí vive la Johanna, tiene 27 años y mantiene una relación de unión libre de la cual tiene tres hijos de 8, 5 y 2 años de edad, los dos mayores estudian en escuela. El marido trabaja en Quito.

Ella es una joven madre muy responsable y trabajadora que quiere lo mejor para el futuro de sus hijos, con este crédito ella va a empezar un negocio de venta de ropa de todo tipo, se va a trasladar hacia quito donde trabaja su esposo y traer mercadería para aprovechar la época de Navidad y Año Nuevo que es cuando más ropa compra la gente, quiere traer sobretodo ropa para niños ya que es lo que más se vende en estos días.

Este crédito lo va emplear en comprar pantalones, blusas, camisetas, ropa de niños y bisutería. Este es su primer ciclo en el Banco Comunal y le gusta por la rapidez conseguir los créditos.

Sus sueños son que su negocio prospere y darles lo mejor a sus hijos.

En la fotografía podemos apreciar una foto pequeña adjunta que pertenece a un socio que por motivos laborales no pudo estar presente cuando se tomó la foto grupal. Tambien en la parte izquierda de la foto está una Señora sentada en una banca con camiseta roja, esta Señora 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
  • 34
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Unión (Portoviejo) Group's $4,075 loan helped a member to purchase trousers, blouses, shirts, children's clothing and jewelry.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2011
Listed
Nov 24, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012