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Calle Cordova (Portoviejo) Group
In this Group: Sandra Katiusca, María Elizabeth, Esilda Leopoldina, Mayra Carolina, Carmen Beatriz, Jimmy Stalin, Menery Nathaly, Ana María, Dolores Monserrate, Gloria Auxiliadora, María Magdalena, María Elizabeth*, Lucio Willians
* not pictured
The 2 male and 11 female members of the Calle Córdova cooperative bank meet every fifteen days in the city of Portoviejo. This beautiful city is known as the “City of the Royal Tamarinds”.

This is a group of people who decided to join together 4 months ago to access credit; this has served them well, since the loans have allowed them to improve their small businesses. They dedicate themselves to a variety of activities including general commerce, services, and food sales, among others.

One of the members of this group is Carmen. She is 56 years old and the single mother of four children who are now grown. One daughter, who is also a single mother, still lives with her.

Several years ago, Carmen started a restaurant in the city’s market in order to make a living. Many people visit her place every day, and she works from 5:00 am until 10:00 pm; her daughter helps with the business. Her establishment is very busy given that her food is delicious, something that her customers like. She has been in business for more than 20 years, and it is what allowed her to support her children when they were still young. Currently, she supports herself with this enterprise.

This loan is for the purchase of a new stove, since the one she has is damaged, and also for supplies to make the food. This is her second cycle with the bank, and she hopes to continue for a long time. Her dreams are to have good health and to get ahead.

The small photo that is attached is of a member who, because of work, was not able to be present when the group photo was taken.


La foto pequeña adjunta es de un socio que por motivos de su trabajo no pudo estar presente cuando se tomó la foto del grupo.
View original language description ↓
En la ciudad de Portoviejo se reúnen cada quince días los 2 socios y las 11 socias del Banco Comunal Calle Córdova. Esta linda ciudad se la conoce por el nombre de la Ciudad De Los Reales Tamarindos.

Este es un grupo de personas que decidieron unirse hace 4 meses atrás y formar este Grupo De Crédito que les ha servido de mucho ya que con los créditos han podido mejorar sus pequeños negocios. Se dedican a diversas actividades tales como, comercio en general, servicios, venta de comida entre otras actividades.

Una de las socias de este grupo es la señora Carmen, tiene 56 años y es madre soltera de cuatro hijos los mismos que ya son mayores de edad, con ella vive una hija que también es madre soltera.

Doña Carmen para ganarse la vida desde hace varios años puso un restaurante en un mercado de la ciudad, lugar al que asisten muchas personas todos los días, trabaja todos los días desde las 05h00 hasta las 22h00, su hija le ayuda en su negocio, son muchos los clientes que llegan hasta su establecimiento ya que ella cocina muy sabroso y esto le gusta a sus clientes, lleva más de 20 años con su negocio y es con esto que logro sacar adelante a sus hijos cuando aun estaban pequeños y en la actualidad se mantiene con este negocio.

Este crédito es para comprar una cocina nueva ya que la que tiene esta dañada y víveres para preparar los alimentos. Es su segundo ciclo en el banco y espera seguir por mucho tiempo.

Sus sueños son tener buena salud y seguir adelante.

La foto pequeña adjunta es de un socio que por motivos de su trabajo 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
  • 50
    View loans »
    Ecuador Loans Fundraising
  • $23,495,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Calle Cordova (Portoviejo) Group's $4,200 loan helped a member to buy a stove and supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2012
Listed
Mar 4, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013