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Divino Niño De Tohalla (Montecristi) Group
In this Group: María Edulfa, Adriana Mireya, Cinthia Katherine, Magaly Beatriz, Betsy Elizabeth, Carlota Damacia, Yilda Maribel, Eloy Rafael, Laura Mariana, Lupita Loyola, Mariuxi Elizabeth, Katherine Elizabeth, Diana Carolina, Ana Delicia, José Pedro *, Sara Carmen*
* not pictured
The "Divino Niño de Tohalla" ["Divine Baby of Tohalla"] communal bank meets every two weeks at the site of the same name in Montecristi canton. This area is known for its rich pre-colonial culture and for its handicrafts which are recognized at a national and international level. It is where the famous straw sombreros come from.

This is a group of people who decided to join together some time ago to form this communal bank. The communal bank has helped them greatly, as the loans that they have received from the lending institution have allowed them to improve their small businesses. They work in various activities, but the majority work making bricks or in agriculture.

One of the members of this group is Señora María Edulfa. She is 53 years old, and is the single mother of one grown son who is studying medicine at a university in Manta.

She has had to strive very hard to move her son ahead in life and to provide him with the best education for his future. With the help of her parents, she decided more than 18 years ago to set up a small business making bricks (used as a construction material). She currently has more than 25 people who work with her, whom she pays a weekly salary. The bricks are delivered to retailers who come to her location, load them up, and take them to other cities for distribution.

This loan is to purchase wood and clay for making the bricks. María has been the president of the communal bank since it began, and is very happy because the group is very united.

Her dream is to have a truck for delivering her products.
View original language description ↓
EL Banco Comunal Divino Niño de Tohalla se reúne cada quince días en el sitio del mismo nombre 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 personas que decidieron unirse hace un tiempo atrás y formar este banco comunal, el cual les ha ayudado mucho ya que con los créditos que recibieron de la institución han podido mejorar sus pequeños negocios, ellos se dedican a varias actividades pero en su mayoría a la elaboración de ladrillos y a la agricultura.

Una de las socias de este grupo es la señora María Edulfa, tiene 53 años de edad, es madre soltera de un hijo el cual ya es mayor de edad y estudia medicina en una universidad en Manta.

Ella ha tenido que luchar muy duro para sacar adelante a su hijo y darle la mejor educación para su futuro, con la ayuda de sus padres hace mas de 18 años decidió emprender una pequeña empresa de fabricación de ladrillos (material utilizado para la construcción), en la actualidad con ella trabajan más de 25 personas a quienes les paga un sueldo semanal, los ladrillos entrega a comerciantes que llegan hasta su localidad, los embarcan y llevan a distribuir a otras ciudades.

Este crédito es para comprar madera y arcilla para la elaboración de los ladrillos, esta desde el inicio en el Banco Comunal, es la presidenta del mismo y está muy contenta porque el grupo es muy unido.

Su sueño es tener un camión para entregar sus productos.

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
  • 17
    View loans »
    Ecuador Loans Fundraising
  • $22,607,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Divino Niño De Tohalla (Montecristi) Group's $5,950 loan helped a member to purchase clay and wood.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
Apr 16, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012