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Calle Bolívar (Montecristi) Group
In this Group: Mariuxi Pamela, Rosa Antonia, Juliana Karina, Zully Tatiana, Jenny Estela, Ana Dolores , Geovanny Alexander, Iduval Marcelo, Mercedes Edith, Geomar Lilibeth, Begica Rufina
The Calle Bolívar communal bank meets every two weeks in the Montecristi Cantón. The canton is known for its rich pre-colonial culture and its handicrafts, which are known on a national and international level. It is the home of the famous Panama hat.

This is a group of nine members and two other members who decided to join together to form this communal bank. The bank has served them well because they were able to improve their businesses with the loans that they received. The members devote themselves to different business activities like general commerce, handicrafts, services, food sales, and other businesses.

Rosa is one of the members of this group. She is 34 years old and in a common-law marriage. She has four children, ages 16, 13, 7, and 4. The three oldest go to high school and elementary school. Her husband is a master welder.

She is a very good housewife. In order to help her husband with the household expenses she sells all types of clothes. She sells door-to-door. She works from Fridays through Sundays because this is when she can meet with her customers, and it is when she sells the most. She also collects on these days because she leaves clothes on credit and collects weekly. She goes to Guayaquil to buy her merchandise each time she needs it. She has been doing this business activity for over five years. It has gone very well for her. Now it is better since she is receiving the loans.

This loan is to buy pants, t shirts, blouses, and children’s clothes. She has been in the communal bank since it started, and she likes it because of the help it has offered her in order to get ahead and increase her business. Her dream is to continue increasing her sales.

The small photo is of one of the members who for personal reasons was not able to be present when the group photo was taken.
View original language description ↓
EL Banco Comunal Calle Bolívar se reúne cada quince días en el Cantón Montecristi, conocido por su rica cultura pre colonial y por su artesanía que es reconocida a nivel nacional e internacional. Lugar de los famosos sombreros de paja toquilla.

Este es un grupo de 9 socias y 2 socios que decidieron unirse y formar este Banco Comunal que les ha servido de mucho ya que con los créditos que recibieron pudieron mejorar en algo sus negocios. Ellos se dedican a diversas actividades tales como comercio en general, artesanía, servicios, venta de comidas entre otras actividades.

Una de las socias de este grupo es la señora Rosa, tiene 34 años de edad, mantiene una relación de unión libre y de esa relación tiene cuatro hijos de 16, 13, 7 y 4 años de edad, los tres mayores estudian en colegio y escuela. Su marido es maestro en soldadura.

Ella es una muy buena ama de casa que para ayudar a su marido con los gastos del hogar se dedica a la venta de ropa de todo tipo, su forma de venta es puerta a puerta, trabaja de viernes a domingo ya que en estos días es cuando encuentra a sus clientes y es cuando más vende, también realiza los cobros en estos días ya que deja a crédito y cobra por semana. Su mercadería la va a comprar a Guayaquil cada vez que necesita. Lleva más de cinco años dedicada a esta actividad y le ha ido muy bien y ahora mejor desde que está recibiendo los créditos.

Este crédito es para comprar pantalones, camisetas, blusas y ropa de niños. Esta desde el inicio en el banco comunal y le gusta por la ayuda que le han brindado para seguir adelante y aumentar su negocio.

Su sueño es seguir aumentando sus ventas.

La foto pequeña es de una de las socias que por motivos personales 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
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Calle Bolívar (Montecristi) Group's $4,400 loan helped a member to buy pants, t shirts, blouses, and children’s clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2012
Listed
Mar 12, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012