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Higuerón  (Portoviejo) Group
In this Group: Victoria Raquel, Yamina Monserrate, Ubaldina Elizabeth, María Jacinta, Adela Mireya, Narciza Del Jesús, María Josefina, Lirice Roxana, Tania Katherine, Benita Argentina, María Laurentina, Belen Amparo, Juana Jeni, Narciza Del Jesús, Jessica Patricia, Gema Lucia, María Gabriela, Eva Jessenia*, Johana Margarita, Letty Azuncion
* not pictured
Every two weeks in a place called Higuerón in the city of Portoviejo, 20 members of the communal bank Higuerón meet. The members work at a variety of activities such as farming, general business, and others.When they learned about the benefits of the institution, they decided to form a group to access the loans offered by La Fundación Espoir.

Here we meet Victoria. She is 25, married, and has a year-old daughter from this marriage. Her husband is a cook. Our friend wants to earn some money herself so that she can help meet the household expenses.She sells all types of clothing door-to-door and from a small space in her home. She works every morning while her mother-in-law cares for her daughter. She sells clothing on credit and collects every two weeks. When she has orders, she buys the merchandise in Guayaquil. She has been selling clothing for three years, and the business is doing well.

She will use this loan to buy merchandise like pants, blouses, shirts, and children's apparel. She has been a member of the communal bank for two loan cycles and is the president. She likes that the loans allow her to keep her business going. Her dream is to own her own house, as the one where she lives is a rental. The inset photo is of two members who couldn't be present when the group photo was taken.
View original language description ↓
En un sitio llamado Higuerón en la ciudad de Portoviejo cada quince días se reúnen las 20 sociass del Banco Comunal Higuerón. Las mismas que se dedican a diversas actividades tales como la agricultura, comercio en general, entre otras actividades. Ellas al conocer de los beneficios que brinda la institución decidieron unirse hace un tiempo atrás para poder acceder a los créditos que brinda La Fundación Espoir.

En este lugar conocimos a la señora Victoria, ella tiene 25 años de edad, está casada y de esta relación tienen una niña de 1 año de edad. Su esposo es cocinero.

Nuestra amiga con la intención de ganar algo por su cuenta y con esto poder ayudar con los gastos que genera el hogar se dedica a la venta de ropa de todo tipo, su forma de venta es puerta a puerta y también vende en su casa donde tiene un pequeño local. Trabaja todos los días en las mañanas ya que a esa hora su suegra se queda con su pequeña hija, ella deja a crédito sus prendas y cobra cada quince días. Compra su mercadería en Guayaquil cada vez que tiene pedidos. Tiene tres años que se dedica a esta actividad y le va muy bien.

Este crédito lo va emplear en comprar más mercadería como: pantalones, blusas, camisetas y ropa de niños. Está en el Banco Comunal desde hace dos ciclos, es la presidenta del grupo y le gusta por la ayuda que le brindan los créditos para seguir con su negocio.

Su sueño es tener su casa propia ya que donde vive es arrendado.

La foto pequeña es 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
  • 48
    View loans »
    Ecuador Loans Fundraising
  • $23,878,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Higuerón (Portoviejo) Group's $5,200 loan helped a member to buy pants, blouses, shirts, and children's apparel.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2012
Listed
May 21, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012