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La Cantera  (Portoviejo) Group
In this Group: Marcia Marcela, Lucia Gema, Rosana Del Rocio, María Lucila, Ramona Maritza, Lorena Elizabeth, Laura Atenaida, Hugo Fernando, Mariuxi Evelyn, Mónica Monserrate, Mabel Yadira, Floricenda Del Rocio, Olinda Rosalia*, Juan Carlos*, Lucia Margarita, Santa Mercy, Fatima Ximena
* not pictured
In the sector known as El Cady in the Colon church of the city of Portoviejo, 15 female members and 2 male members of the community bank La Cantera get together every 15 days. They work on different activities such as agriculture and commerce in general. The same members that joined forces to have access to the benefits of Fundacion Espoir are working for their second loan and hope to be part of the community bank for a long time.

One of the members is Marcia, she is 19, she is in a common law relationship and has no children. Her partner works in commerce, she studies the 3rd semester of business administration at the local university.

She is a young housewife that in addition to studying for a better future also sells Avon products (beauty products, cosmetics, perfumes, accessories). She works hard every day and in addition to selling in her town, she also sells at the university where is studies, the loan will be used to invest in seasonal clothing and shoes, that she hopes to promote and sell while sells her avon products. She has done this activity for a year and she is doing very well.

This loan will be used to buy clothing, swimwear, shorts, t-shirts and shoes. This is the second loan with the community bank, she is the president of the bank and likes being a member because the repayments can be easily made.

Her dream is to own a house because she rents where she lives.

The two kids in the picture are the children of the members.
View original language description ↓
En el sector conocido como El Cady en la parroquia Colon de la ciudad de Portoviejo se reúnen cada quince días las 15 socias y los 2 socios del Banco Comunal La Cantera. Los mismos que se dedican a diversas actividades tales como la agricultura y al comercio en general. Los mismos que unieron sus esfuerzos para poder acceder a los beneficios que presta la Fundación Espoir, este es su segundo crédito y esperan seguir por mucho tiempo en el Banco Comunal.

Una de las socias de este grupo es la señora Marcia, tiene 19 años de edad, mantiene una relación de unión libre y aun no tienen hijos. El marido se dedica al comercio. Ella estudia el tercer semestre de Administración de Empresas en una universidad de la localidad.

Es una joven ama de casa que además de estudiar para un futuro mejor también se dedica a la venta de productos Avon (productos de belleza, cosméticos, perfumería y accesorios para damas). Trabaja todos los días ya que además de vender por su localidad también vende en la universidad donde estudia, este crédito lo quiere invertir en ropa y zapatillas de temporada, espera vender estos nuevos productos al mismo tiempo que realiza sus otras ventas. Tiene un año que se dedica a esta actividad y le va muy bien.

Este crédito es para comprar ropa, trajes de baño, bermudas, camisetas y zapatillas. Este es el segundo ciclo en el Banco Comunal, es la presidenta del banco y le gusta porque los pagos son fáciles de hacer.

Su sueño es tener su casa propia ya que alquila donde vive.

Los dos niños de la foto son hijos de dos socias.

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
  • 104
    View loans »
    Ecuador Loans Fundraising
  • $24,223,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of La Cantera (Portoviejo) Group's $4,525 loan helped a member to buy clothing, swimwear, shorts, t-shirts and shoes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2012
Listed
Feb 5, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 16, 2012