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Calle Alajuela  (Montecristi) Group
In this Group: Genessis Monserrate, Tamara Soledad, Ruth Annabelle, Carmen Rosa, Mayra Isabel, Meryorie Vicenta, Sonia Alexandra, Iris Adriana, Franklin Luciano*, Carlota Margarita*, María Idalinda, Rosa Margarita, Victor Alberto, María Monserrate, Adriana Valeria, Angela Mercedes
* not pictured
The Calle Alajuela Communal Bank meets every fifteen days in the Montecristi canton. Montecristi is known for its rich pre-colonial culture and its artesanry, which is known on a national and international level. It is the home of the famous Panama hats.

This is a group made up of 14 women and 2 men who decided to join together and form this communal bank. It has been great for them because they have been able to improve their businesses with their loans. The group members have various businesses including general trade, artesanry, services, food sales, and others.

Señora Génesis, age 18, is one of the group members. She is in a common-law marriage and has an eleven-month-old daughter. Her husband works in a bakery. This is her first cycle in the Communal Bank, and she likes it because the loans can be obtained quickly and without too many prerequisites.

She is a young wife and mother who sells all kinds of clothing in order to help her husband with the household costs. She sells door-to-door and also sells from her home when customers come to call. She goes out three days per week to do her rounds, even though it is a little difficult because she has to take her daughter with her. She has to work because they are in need, and this work allows her to rise above her economic situation. She leaves her merchandise on credit and charges every fifteen days. She buys her merchandise in Guayaquil whenever she needs to stock up. She has done this work for almost three years.

This loan is for the purchase of pants, shirts, blouses, children's clothing and underwear.

Her dream is to have her own home; the home where they currently live is rented.

The small inserted photo is of four members who were unable to be present when the group photo was taken.
View original language description ↓
EL Banco Comunal Calle Alajuela 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 14 socias y 2 socios que decidieron unirse y formar este Banco Comunal que les ha servido de mucho ya que con el crédito 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 Génesis, tiene 18 años, mantiene una relación de unión libre y de esa relación tiene una hija de 11 meses de edad. Su marido trabaja en una panadería. Este es su primer ciclo en el Banco Comunal y le gusta porque los créditos son rápidos y sin tantos requisitos.

Ella es una joven madre y esposa 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 y también vende en su casa hasta donde llegan sus clientes, sale tres días de la semana a realizar sus recorridos aunque se le hace un poco difícil porque tiene que llevarle a su hija, pero tiene que hacerlo pues las necesidades son grandes y con esto ella puede ayudarse y sobrellevar la situación económica en su hogar, deja a crédito a sus clientes y cobra cada quince días. Su mercadería la va a comprar a Guayaquil cada vez que necesita. Lleva casi 3 años dedicada a esta actividad.

Este crédito es para comprar pantalones, camisetas, blusas, ropa de niños y ropa interior.

Su sueño es tener su casa propia pues donde viven es arrendado.

La foto pequeña es de cuatro socias que 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

  • $10,200
    Average annual income
  • 14
    View loans »
    Ecuador Loans Fundraising
  • $22,544,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Calle Alajuela (Montecristi) Group's $5,725 loan helped a member to buy pants, shirts, blouses, children's clothing, and underwear.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2012
Listed
Mar 13, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012