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Lorena Del Carmen
The members of the "Damas De Progreso" communal bank meet every two weeks in the San Cristóbal residential complex in the city of Portoviejo, known as the "City of the Royal Tamarinds," a lovely, hospitable city.

This is where we met Lorena. She is 42, married, and has three children; two adult children who attend university, and an 11-year-old who also goes to school. Her husband is a master locksmith.

As a good wife, and to help her husband, she is undertaking a loan to use in his business. Her husband has a locksmith's shop, and there he does a great variety of metal work; he makes doors, windows, chairs and metal structures.

He has been in his business for 25 years, so he is very well-known. That's why he never lacks work. He works from Monday to Saturday, from 8:00am to 5:00pm, with the help of two workers to whom he pays a weekly salary.

He is going to use this loan to buy steel, welding materials, paints and various several items to carry out their work. Lorena has been in the communal bank for three loan cycles, and likes it because the loans are processed quickly.

Her dream is to have a home in good repair.
View original language description ↓
En la ciudadela San Cristóbal de la ciudad de Portoviejo conocido como La Ciudad De Los Reales Tamarindos, ciudad bella y hospitalaria, se reúnen cada quince días las socias del Banco Comunal Damas De Progreso.

En este lugar conocimos a la señora Lorena, tiene 42 años de edad, está casada y de esta relación tienen tres hijos, dos mayores de edad que estudian en Universidad y uno de 11 años que estudia en escuela. Su esposo es maestro cerrajero.

Ella como buena esposa y para ayudar a su esposo realiza el crédito para que él lo utilice en su trabajo, su esposo tiene un taller de cerrajería, allí realiza una gran variedad de trabajos con el metal, elabora puertas, ventanas sillas y estructuras metálicas, lleva 25 años con su negocio por lo cual es muy conocido y es la razón por lo cual nunca le falta trabajo, él trabaja de lunes a sábado desde las 8h00 hasta las 17h00 con la ayuda de dos operarios a quienes les paga un sueldo semanal por su trabajo.

Este crédito lo va a emplear en comprar hierro, soldaduras, pinturas y varios artículos para realizar su labor. Lleva tres ciclos en el Banco Comunal y le gusta por la rapidez que salen los créditos.

Su sueño es tener su casa bien arreglada.

About Ecuador

  • $10,200
    Average annual income
  • 59
    View loans »
    Ecuador Loans Fundraising
  • $23,522,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Lorena Del Carmen to buy steel, welding materials, paints, and other items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2012
Listed
Apr 8, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2012