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Bankito Municipal (Portoviejo) Group
In this Group: Fanny Adela, María Del Carmen, Susana Alexandra , Ligia Margarita*, Francisca Elina, Odalia Flor , María Esperanza*, María José, Norma Yolanda, Marcelo David, Mario Antonio, Vanessa Johanna
* not pictured
In the neighborhood of Municipal in the city of Portoviejo, two men and ten women who make up the Communal Bank “Bankito Municipal” meet every fifteen days. They engage in a variety of business activities such as general retail, providing services, and other trades. A short time ago they learned about the benefits offered by Fundación ESPOIR, so they decided to join together in order to access the loans provided by the organization. This is their first loan as a Communal Bank and they hope to do very well so that they can continue receiving loans.


It is in this place where one can meet Sra. Odalia. She is 46 years old, in a common-law relationship, and has five children. Four of her children are grown and the youngest is 15 years of age. Three of her children live with her and two of them are studying. Her husband is a chauffeur.


Odalia is wonderful homemaker who likes taking care of things herself. To generate her own income, she sells Avon products (including beauty products, cosmetics, perfumes, and women’s accessories). Her sales are made by going door-to-door. With this loan, she wants to buy all types of clothing so that she can start a new business. She is very pleased with the loan and hopes to continue receiving support from the organization for a long time.


This loan will be used to buy trousers, blouses, shirts, and other garments for starting her business. Odalia will take advantage of this season since sales should be very good. Her dream is to move forward with her business.

View original language description ↓
En la ciudadela Municipal de la ciudad de Portoviejo se reúnen cada quince días los dos socios y las diez socias del Grupo De Crédito Bankito Municipal. Los mismos que se dedican a diversas actividades tales como comercio en general, prestación de servicios entre otras actividades. Ellos hace poco y al conocer de los beneficios que brinda la institución decidieron unirse para poder acceder a los créditos que brinda La Fundación Espoir, este es su primer ciclo en el Banco Comunal y esperan cumplir muy bien para seguir recibiendo los créditos.

En este lugar conocimos a la señora Odalia, tiene 46 años de edad, mantiene una relación de unión libre y de esta relación tienen cinco hijos, cuatro mayores de edad y el menor de 15 años, tres de ellos viven con ella y dos estudian. Su marido es chofer.

Ella es una gran ama de casa que le gusta valerse por sui misma y para obtener sus propios recursos se dedica a la venta de productos Avon (productos de belleza, cosméticos, perfumería y accesorios para damas). Su forma de venta es puerta a puerta. Con este crédito quiere comprar ropa del todo tipo para empezar con este nuevo negocio. Ella está muy contenta con el crédito y espera seguir por mucho tiempo recibiendo este apoyo de la institución.

Este crédito es para comprar pantalones blusas, camisas y otras prendas de vestir para iniciar su negocio aprovechando esta temporada que es muy buena para las ventas.

Su sueño es salir adelante con su negocio.

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

  • $10,600
    Average annual income
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $24,193,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Bankito Municipal (Portoviejo) Group's $4,075 loan helped a member to buy trousers, blouses, shirts, and other garments.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2011
Listed
Dec 29, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012