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María Asunción Del Calvario (Portoviejo) Group
In this Group: Mariuxi Asuncion , Diana Aracely, María Andreina, Blanca Eufemia, Imaida Asuncion, Johanna Maricela, Rosa Josefina, Victor Manuel, Sandra Susana, Teresa Elizabeth, Narcisa De Jesús*, Rocio Mercedes*, Rosa Esperanza
* not pictured
The María Asunción Del Calvario communal bank meets every two weeks in the Picoaza parish of the city of Portoviejo. This place is known for being a very commercial area, for its traditional San Pedro and San Pablo festivals, and for the rich historic culture that its mountains surround.

This is a group of people who decided to join together and form this communal bank, which has served them well. They are in their second cycle in the communal bank, and they tell us that the previous loan helped them a lot. This is why there are more people who joined in this cycle hoping to have success with the loans. The majority of the group were able to improve their businesses and their lives, since with the earnings they were able to make improvements to their homes as well as helping their children's educations. They engage in various activities such as business, services, and food sales, among others.

In this place we meet Mariuxi, 23 years old. She is single and lives with her parents and various younger siblings.

She is a very hard-working young woman who works in business in order to earn something on her own and to be able to help her parents with the household expenses. Monday through Saturday she works in a store in the center of the city where they sell shoes. In her free time, she also sells shoes and sandals through a catalogue, from which she earns something in addition to what she earns at her job. She makes these sales at night and on the weekends. She has been in this business for more than a year, and it is going pretty well for her.

She will use this loan to buy shoes and sandals. This is her second cycle in the communal bank, and she likes it because of the help that the bank gives to the entire group.

Her goal is to have her own store.

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 María Asunción Del Calvario se reúne cada quince días en la parroquia Picoaza de la ciudad de Portoviejo. Lugar conocido por ser una zona muy comercial, por sus fiestas tradicionales de San Pedro y San Pablo y por la rica cultura histórica que encierran sus montañas.

Este es un grupo de personas que decidieron unirse y formar este Banco Comunal que les ha servido de mucho, ellos están en su segundo ciclo en el Banco Comunal y nos cuenta que el crédito anterior les ayudo mucho es por eso que hay más personas que ingresaron en este ciclo esperando tener éxito con los créditos, la mayoría del grupo pudo mejorar sus negocios y su vida, ya que con las ganancias pudieron hacer mejoras tanto en sus hogares como ayudarse para los estudios de sus hijos. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.

En este lugar conocimos a la señorita Mariuxi, tiene 23 años de edad, está soltera y a vive con los padres y con varios hermanos menores.

Ella es una joven muy trabajadora que para obtener algo por su cuenta y con esto poder ayudar a sus padres en los gastos que genera el hogar se dedica al comercio, de lunes a sábado trabaja en un local donde venden zapatos en el centro de la ciudad. En sus momentos libres también se dedica a la venta de zapatos y sandalias por catalogo, con lo cual obtiene algo adicional a lo que gana en su trabajo, estas ventas las realiza en las noches y fines de semana, lleva más de 1 año con este negocio y le va bastante bien.

Este crédito lo va a utilizar para comprar zapatos y sandalias. Es su segundo ciclo en el Banco Comunal y le gusta por la ayuda que les da el banco a todo el grupo.

Sus metas son tener su propio almacén.

La foto pèqueña es de un 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

  • $10,200
    Average annual income
  • 48
    View loans »
    Ecuador Loans Fundraising
  • $23,231,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of María Asunción Del Calvario (Portoviejo) Group's $4,750 loan helped a member to buy shoes and sandals.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2012
Listed
Apr 18, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012