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3 De Noviembre (Portoviejo) Group
In this Group: Ayda Rosa, Aura Monserrate, Virmania Maricela, Susana Elizabeth, Paula Florentina, Chabica Betsabe*, Rosa Margarita, Otilia Del Carmen, Xerly Belen, Zeneida Magdalena, Edith Karina
* not pictured
In the Andrés De Vera parish of the city of Portoviejo, the 3 of November Comunal Bank members meet up every fifteen days. The same women who make a living through diverse activities such as trade in general and services among other things.

Here we met Señora Paula, 40 years old, who is married and from this relationship has three children of the ages 20, 17, and 11. The older two study in university and the younger is in high school. Her husband works in a barbershop.

She is a great housewife and mother who, in order to earn something on her own and with this help her children with the expense of their studies, makes a living with the preparation and sale of cakes and pastries. She delivers these products every day to a health center in the town. She also prepares her snacks for parties or receptions, but through orders. She has spent 11 years making a living with this activity and it is going very well.

This loan is for buying flour, sugar, eggs, and other food supplies needed to make her snacks. This is her first cycle in the Communal Bank and she likes it for the ease of getting loans. She hopes to perform well in order to move forward in the bank.

Her dream is to see that her children become very good professionals.
View original language description ↓
En la parroquia Andrés De Vera de la ciudad de Portoviejo se reúnen cada quince días las 11 socias del Banco Comunal 3 de Noviembre. Las mismas que se dedican a diversas actividades tales como comercio en general, servicios, entre otras cosas.

Aquí conocimos a la señora Paula, tiene 40 años de edad, está casada y de esta relación tiene tres hijos de 20, 17 y 11 años de edad, los dos mayores estudian en universidad y el menor en colegio. Su marido trabaja en una peluquería.

Ella es una gran ama de casa y madre que para ganar algo por su cuenta y con esto ayudar a sus hijos en los gastos de sus estudios se dedica a la preparación y venta de postres y pastelillos, entrega estos productos todos los días en un centro de salud de la localidad. También prepara sus bocadillos para fiestas o recepciones pero bajo pedidos, Tiene 11 años que se dedica a esta actividad y le va muy bien.

Este crédito es para comprar harina, azúcar, huevos y otros víveres necesarios para preparar sus bocadillos. Este es su primer ciclo en el Banco Comunal y le gusta por la facilidad para conseguir los créditos, ella espera cumplir bien para seguir adelante en el banco.

Su sueño es ver que sus hijos sean unos muy buenos profesionales.

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 3 De Noviembre (Portoviejo) Group's $3,100 loan helped a member to buy flour, sugar, eggs, and other food supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2012
Listed
Apr 18, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012