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Socias En Progreso (Portoviejo) Group
In this Group: María Luisa, Jacqueline Elizabeth, Irina Kelly, Mercedes María*, Divina Dolores, Margarita, Frecia Catalina*, Victor Ivan, Francisco Xavier, Gema Gabriela, Barbara Victoria, Stefania Andrea, Janeth Carolina
* not pictured
In the San Cristóbal community of the city of Portoviejo, the 13 members of the communal bank "Socias en Progreso" meet every two weeks. They are involved in different business activities such as general commerce, services, etc. Recently, on becoming aware of the benefits offered by the institution, they decided to request a loan through Fundación Espoir. This is their first cycle in the communal bank and they are committed to complying with the terms so they can receive future loans.

One of the members of the group is Mrs. Jacqueline, who is 38, married and has three adult children, two of which still live at home. The youngest studies at the university. Her husband is a merchant.

She learned her sewing skills several years ago at an academy in the city. She has a sewing workshop set up in her house and makes all kinds of clothing. She works from 8:00 a.m. to 9:00 p.m., depending on the orders she must deliver, and has an employee on a monthly salary. She tells us that sometimes she sews for institutions and schools in the area, and also for people who come to her shop. She has been in business for over 18 years and says she enjoys making girls and women's clothing.

This loan will be used to buy fabric, thread, buttons and other sewing materials. This is her first loan with the communal bank and she likes the fact that the loans can be obtained so quickly.

Her dream is for her business to thrive.

The two small pictures are of the members who, for personal reasons, could not be present for the group photo.
View original language description ↓
En la ciudadela San Cristóbal de la ciudad de Portoviejo se reúnen cada quince días los 2 socios y las 11 socias del Grupo De Crédito Socias En Progreso. Los mismos que se dedican a diversas actividades tales como comercio en general, prestación de servicios, etc. 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.

Una de socias de este grupo es la señora Jacqueline, tiene 38 años de edad, está casada y de esta relación tiene tres hijos todos mayores de edad, dos de ellos aun viven en su casa y la menor estudia en universidad. El marido es comerciante.

Ella aprendió corte y confección hace varios años en una academia de la ciudad, tiene un taller de costura en su casa en el cual confecciona todo tipo de prendas, allí trabaja todos los días desde las 8h00 hasta las 21h00, dependiendo de los pedidos que tenga que entregar, con ella trabaja una señora a quien le paga un sueldo mensual, nos cuenta que a veces ella confecciona ropa a instituciones y colegios de la localidad, pero también a personas particulares que llegan hasta su taller, lleva más de 18 años dedicada en esta actividad y nos dice que lo que más le gusta hacer es ropa de niñas y de damas.

Este crédito es para comprar telas, hilos, botones y otros materiales para la costura. Este es su primer crédito en el Banco Comunal y le gusta por la rapidez para conseguir los créditos.

Su sueño es salir adelante en su negocio.

La foto pequeña adjunta es de dos socias que por motivos personales no pudieron estar presentes 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

  • $10,600
    Average annual income
  • 48
    View loans »
    Ecuador Loans Fundraising
  • $24,300,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Socias En Progreso (Portoviejo) Group's $4,075 loan helped a member to buy fabric, thread, buttons and other sewing materials.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2011
Listed
Jan 11, 2012
Currency Exchange Loss:
N/A
Ended:
May 15, 2012