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23 De Noviembre (Manta) Group
In this Group: Nelly Dolores, Jazmin Viviana, Kenia Madelaine, Nancy Josefa, Fé María, Aura Fidelma, Gabriela Guadalupe, Diana Elizabeth, María Monserrate*, Mercedes Julieta , María Lina, Edwin Francisco, Onis Irenica, Nubia Ramona*
* not pictured
The 23 de Noviembre ("November 23rd") Communal Bank meets every 15 days in the Jocay neighborhood of Manta, a city known for its beautiful beaches that are popular year-round and for being a city of unequaled beauty with many tourist attractions.

This is a group with 13 female members and one male member. They decided to join together and form this credit group four months ago, and so far it has served them well in helping to expand their businesses. The members work in a variety of areas, such as general commerce, food sales, services, and other jobs.

Nelly, who is 34 years old, lives in this city. She is a single mother with 13 and 11 year-old children who attend high school. She is the president of the credit group and is very happy to be in the communal bank's second loan cycle, since the loans can help her to improve her business.

Nelly set up a store in her house several years ago, in order to earn a living and provide her children with what they need. She sells clothing, shoes, perfumes, and various other products. Little by little, she has also been installing Internet service thanks to her last loan. This way, she has been able to make her dreams a reality and she is earning good income. When her children aren't in school they work with their mother. Nelly works every day and tells us that it is not difficult since the business is in her house. She buys merchandise in Guayaquil, a city where she travels one or two times a month, depending what she needs.

This loan is for buying clothing, shoes, perfumes, etc. for her business.

The small photo is of a member who could not be present when the group photo was taken.
View original language description ↓
El Banco Comunal 23 de Noviembre se reúne cada 15 días en el barrio Jocay en la ciudad de Manta, ciudad conocida por sus hermosas playas que son muy visitadas en toda época del año y por ser una ciudad con una belleza sin igual con muchos atractivos turísticos.

Este es un grupo de 13 socias y 1 socio que decidieron unirse hace 4 meses atrás y formar este Grupo De Crédito que les ha servido de mucho para aumentar sus negocios. Se dedican a diversas actividades tales como, comercio en general, venta de comida, servicios, entre otras actividades.

En este lugar vive la señora Nelly, tiene 34 años de edad, es madre soltera de dos hijos de 13 y 11 años de edad los mismos que estudian en colegio. Es la presidenta del grupo de crédito y está muy contenta en este su segundo ciclo en el banco comunal ya que con los créditos pudo mejorar mucho su negocio.

Ella para ganarse la vida y poder darles lo necesario a sus hijos hace varios años puso un pequeño bazar en su casa en el cual vende ropa, zapatos, perfumes y varios productos más, allí también poco a poco fue implementando el servicio de internet con el crédito anterior, así pudo hacer realidad sus sueños y le está dejando buenos ingresos, allí trabaja en compañía de sus hijos cuando ellos no están en sus estudios, trabaja todos los días y nos cuenta que no se le hace difícil ya que el negocio lo tiene en casa, ella compra la mercadería en Guayaquil, ciudad a ala que viaja de una a dos veces al mes de acuerdo a lo que necesite.

Este crédito es para comprar ropa, zapatos, perfumes, etc. para implementar su negocio.

La foto pequeña es del socio que no pudo estar presente 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

  • $10,600
    Average annual income
  • 94
    View loans »
    Ecuador Loans Fundraising
  • $24,193,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 23 De Noviembre (Manta) Group's $6,050 loan helped a member to buy clothing, shoes, perfumes, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2012
Listed
Apr 18, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012