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Luz María  (Montecristi) Group
In this Group: Luz Amada, Leonor Gabriela, María Elizabeth, Erika Yessenia, Flor Lucciola, Rosa Florinda, Martin Santiago*, Mercedes Olinda, Fanny Susana*, Nelly Margarita, Flor Alexandra, Esther Maricela, Rosa Isabel
* not pictured
The communal bank Luz María meets every two weeks in Los Bajos, in the canton of Montecristi, which is known for its rich precolonial culture and its nationally and internationally renowned handicrafts. It is home to the famous Panama hat.

This is a group of people who decided to get together some time ago and form this loan group, which has been very useful to them. The loans they have received from the institution have enabled them to improve their small businesses and their lives, and that is why they wish to achieve a new loan, so that they can keep on moving forward. Most of them work in business in general.

One of the members of this group is Flor Lucciola. She is 54 years old, married, and had three children from this marriage, though one of them passed away several years ago. The other two are now adults, and one of her daughters still lives with her. Her husband is a driver.

Several years ago she learned dressmaking, an occupation which currently supports her. She has a small sewing shop in her home, where she makes a wide array of clothing items. She sews both men and women's clothing, and she is currently very busy sewing school uniforms, since it is almost time to sign up for classes and the children and teenagers need their uniforms. She has been doing this daily for over 15 years, and she has hardly ever lacked for work. She gets help from her daughter. On weekends she sells barbecued chicken also from home, which brings in some extra income.

This loan is to buy fabric, thread, buttons, and other sewing materials to make her clothes. She has been with the communal bank for three loan cycles and she appreciates the help she gets through the loans.

Her dream is to have a workshop with better machines and more operators.

The two small pictures are of two members who could not be present when the group photo was taken.
View original language description ↓
EL Banco Comunal Luz María se reúne cada quince días en Los Bajos del 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 personas que decidieron unirse hace un tiempo atrás y formar este Grupo De Crédito que les ha servido de mucho ya que con el créditos que recibieron de la institución ellos han podido mejorar sus pequeños negocios y su vida, es por eso que ellos desean realizar un nuevo crédito y así poder seguir adelante, en su mayoría se dedican al comercio en general.

Una de las integrantes de este grupo es la señora Flor Lucciola, tiene 54 años de edad, está casada y de esta relación tuvo tres hijos pero uno de ellos falleció hace varios años, los dos que tiene ya son mayores de edad, una de sus hijas aun vive con ella. Su esposo es chofer.

Ella hace varios años aprendió corte y confección, profesión con la cual se gana la vida actualmente, tiene un pequeño taller de costura en su casa donde elabora una gran variedad de prendas ya que cose ropa tanto de hombres como de mujeres, en la actualidad está muy ocupada cosiendo uniformes de escuelas y colegios ya que se avecina el ingreso a clases y los niños y jóvenes necesitan sus uniformes. Lleva más de 15 años realizando dia a dia esta actividad ya que casi nunca le ha faltado el trabajo, trabaja con la ayuda de su hija. Los fines de semana vende pollos a la brasa también en su casa con lo cual se gana algo extra.

Este crédito es para comprar telas, hilos, botones y otros materiales de costura para elaborar sus prendas, lleva tres ciclos en el Banco Comunal y le gusta por la ayuda que le dan con los créditos.

Su sueño es tener un taller con mejores maquinas y mas operadoras.

Las dos fotos pequeñas son de dos 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
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $23,146,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Luz María (Montecristi) Group's $3,525 loan helped a member to buy fabric, thread, buttons, and other sewing material.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
Apr 12, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012