Check out some available loans that are similar to this one!
El Papagayo (Portoviejo) Group
In this Group: Virginia Lisseth, Nancy Lidia, Cinthia Monserrate, Zobeida Armandina, Nereida Juliana, José Kenedy, Stephanie Alexandra, Patricia Maribel, Yenny Aracely, Holger Amador, Carmen Asunción, Vanessa Guadalupe
In the neighborhood of Los Bosques in the city of Portoviejo, two men and ten women that make up the Communal Bank “El Papagayo” 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 Sra. Virginia lives. She is 24 years old, married, and has a five-year-old son who is in kindergarten. Her husband is an auto mechanic. Virginia is a young homemaker who sells clothes through catalogs of various brands so that she can earn her own income. She works four days a week by going door-to-door and taking orders. Virginia offers her products on credit and collects payment each week. She takes advantage of the morning hours while her son is at school and has been able to improve her sales. Virginia receives her products at a distribution center. She has been in business for more than a year and has done very well.


Her loan will be used to buy trousers, shirts, blouses, and children’s clothing since she has several orders. This is her first loan cycle with the Communal Bank. Virginia serves as the president and enjoys the speed by which she was able to secure the loan. Her dream is to continue forward in her business.

View original language description ↓
En la ciudadela Los Bosques de la ciudad de Portoviejo se reúnen cada quince días los dos socios y las diez socias del Grupo De Crédito El Papagayo. 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 vive la señora Virginia, tiene 24 años de edad, está casada y de esta relación tiene un hijo de 5 años, el mismo que está en jardín de infantes. El marido es mecánico automotriz.

Ella es una joven ama de casa que para obtener sus propios recursos se dedica a la venta de ropa por catalogo de varias marcas. Trabaja cuatro días de la semana y su forma de venta es puerta a puerta y bajo pedido, deja sus productos a crédito y cobra cada semana, aprovecha las horas de la mañana ya que a esta hora su hijo está en el jardín y así puede realizar mejor sus ventas. Sus productos los recibe en el centro en una distribuidora. Tiene más de un año que se dedica a esta actividad y le va muy bien.

Este crédito es para comprar pantalones, camisas, blusas y ropa de niños ya que tiene varios pedidos. Este es el primer ciclo en el Banco Comunal, es la presidenta y le gusta por la rapidez para conseguir los créditos.

Su sueño es seguir adelante en 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
  • 90
    View loans »
    Ecuador Loans Fundraising
  • $24,187,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of El Papagayo (Portoviejo) Group's $4,075 loan helped a member to buy trousers, shirts, blouses, and children’s clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2011
Listed
Dec 29, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012