Check out some available loans that are similar to this one!
Comercio  (24 De Mayo) Group
In this Group: Rosa Angelica, Ana Herminia, Santa Mariana, Dagny Yalile, Jenny Jesús, Nancy Auxiliadora, Yisela María, Celeste Zoraida, Eduvije Del Pilar, Lucy Elizabeth, María Marlene, Gustavo Adolfo, Betty Amira, María Vicenta, Wagner Javier
The communal bank "Comercio" is made up of 13 women and 2 men who meet every 15 days in Bellavista parish in the "24 de Mayo" canton, a place known for its vegetation. Most people who live here work as merchants or farmers, or they raise animals. These individuals have been with their communal bank for 3 loan cycles, and they are very pleased with the help that they have been getting from the institution.

In this place we meet Rosa, who is 50 years old. Her husband died a number of years ago and left her alone with their 6 children. Now 4 of these children are adults, while the other two, aged 13 and 15, are in school. Three of her children still live with her.

In order to make a living, and to meet the needs of her children, Rosa has worked for many years in her parish church, doing chores such as cleaning and other activities. But, as this did not generate enough income to cover her household expenses and the expenses of raising her children, a friend motivated her to start to sell clothing. Now, she shares her time between working at the church and selling clothing, which she does in the evenings and nights. Rosa has been selling clothing for 2 years, and this business is going very well.

Rosa will use this loan to buy more merchandise such as: pants, blouses, T-shirts and children's clothing. This is her 3rd loan cycle in the communal bank, and she likes it because the loans have been a great help to her with her business.

Rosa's dream is for her children to have everything they need.
View original language description ↓
El Banco Comunal Comercio está formado por 13 socias y 2 socios que se reúnen cada quince días en la parroquia Bellavista del cantón 24 De Mayo lugar conocido por su vegetación, aquí la mayoría de sus habitantes se dedican a la agricultura, comercio y cría de animales. Ellos llevan tres ciclos en el Banco Comunal y están muy contentos con la ayuda de la institución.

En este lugar conocimos a la señora Rosa, tiene 50 años de edad, hace varios años su esposo falleció y quedo sola con sus seis hijos, en la actualidad ya cuatro de ellos son mayores de edad y dos de 15 y 13 años que estudian en colegio, tres de sus hijos aun viven con ella.

Ella para ganarse el sustento diario y para que a sus hijos no les faltara nada desde hace muchos años se dedico a trabajar en la iglesia de su parroquia realizando quehaceres de limpieza y otras actividades, pero como esto no le era suficiente para poder solventar los gastos que generaban la crianza de sus hijos, una amiga un dia la incentivó para que se dedicara a vender ropa, ella ahora comparte el tiempo entre el trabajo en la iglesia y las ventas de ropa que las realiza por las tardes y en las noches. Lleva dos años con sus ventas y le va muy bien.

Este crédito lo va emplear en comprar más mercadería como: pantalones, blusas, camisetas y ropa de niños. Este es su tercer ciclo en el Banco Comunal y le gusta por la ayuda ya que los créditos le han ayudado mucho en su negocio.

Su sueño es que a sus hijos no les falte nada.

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
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $24,212,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Comercio (24 De Mayo) Group's $4,350 loan helped a member to buy pants, blouses, T-shirts and children's clothing.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2012
Listed
Mar 23, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012