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5 De Diciembre (Portoviejo) Group
In this Group: Mercy Viviana, Yadira Tatiana, Jesús Piedad, Diana Andreina, Nevi Agapita, Glenis Diopaquita, Emilio Leovigildo, Marjorie Annabel, Mónica Guadalupe, Victor Ariel, Alexandra Yadira, Perfecta Socorro
Portoviejo is a city with honest and hard-working people, a great variety of cuisine, and a variable and pleasant climate. The two men and ten women members of the 5 de Diciembre communal bank meet in Portoviejo every two weeks. The members carry out a number of different business activities like general commerce, services, and others. They joined their efforts to be able to access the benefits that the Fundación Espoir lends. This is the first cycle of their communal bank. They hope to complete it very well in order to get ahead in the institution.

This is the place where we meet Nevi, age 33. She is in a common-law-marriage and has three children; ages 11, 9, and 7. The children all go to school. Her husband is a bricklayer. In addition to being a great housewife, she sells Avon products (perfume, creams, jewelry, and women’s accessories) in order to earn something on her own.

She sells door to door, and she goes to work every day. However, she only works in the mornings because it is much cooler then and her children are in school. In the afternoons she has to help her little ones with their homework. She leaves her products on credit, and she collects payments weekly. She has been in this business for seven months, and the perfumes and creams sell the most.

She will use the loan to buy perfumes, creams, and jewelry. Above all she will buy products that are on special promotion. She will later sell them at the normal price, and she will be left with more income.

Her dreams are to get ahead and to give the best to her children.

The attached small photo is a member who could not be present when the group photo was taken.
View original language description ↓
En la ciudad de Portoviejo, ciudad de gente honesta y trabajadora con una gran variedad en su gastronomía, con un clima variable y agradable, cada 15 días se reúnen los 2 socios y las 10 socias del Banco Comunal 5 de Diciembre. 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 la señora Nevi, tiene 33 años de edad mantiene una relación de unión libre de la cual tienen tres hijos de 11, 9 y 7 años de edad, todos estudian en escuela. Su marido es albañil.

Ella además de ser una gran ama de casa para ganar algo por su cuenta se dedica al comercio, vende productos Avon (perfumes, cremas, bisutería y accesorios para damas), su forma de venta es puerta a puerta, sale a recorrer todos los días pero solo en las mañanas ya que a esta hora es mucho más fresco y sus hijos están en clases, ya en la tarde tiene que ayudar a sus pequeños con sus tareas, ella deja sus productos a crédito y cobra cada 8 días, lleva siete meses en este negocio y lo que más vende son los perfumes y las cremas.

Este crédito lo va a emplear para comprar perfumes, cremas y bisutería sobre todo productos de oferta ya que luego los vende al precio normal y le queda más ganancias.

Sus sueños son seguir adelante y darles lo mejor a sus hijos.

La foto perqueña adjunta es de una socia que no pudo estar presente cuando se tomó la foto del 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
  • 10
    View loans »
    Ecuador Loans Fundraising
  • $22,544,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 5 De Diciembre (Portoviejo) Group's $3,575 loan helped a member to buy perfumes, creams, and jewelry.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2011
Listed
Dec 16, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013