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Mateito  (Junín) Group
In this Group: Damaris Maricel, Lourdes Moncerrate, Patricia Edita, Yohana Marixa, Julieta Guadalupe, Erwin Fernando, Gabriela Viviana, Cenia Mercedes, Gema Thalia, Jesús , Cecilia Vanessa, Mabel Stefania, Fatima Asuncion, Josefina Beatriz, Narcisa De Lourdes
The “Mateito” communal bank meets every fifteen days in Junín Canton, a place noted for its kind, hardworking people and because the best ‘aguardiente’ [an alcoholic beverage] in the province and in Ecuador is distilled here.

A group of people decided to join together in this place and to form this communal bank which will be of great use to them to improve the small businesses they have to date. They carry out a variety of activities like commerce, services and food sales, among other activities.

We met Lourdes, 26, here. She’s single and lives in her parents’ house. She is studying laboratory and is in the thesis-writing phase leading to her graduating as a lab technician. She’s been in the communal bank for two cycles. She’s the Treasurer and likes it because the group is very united.

Our friend is a very active young woman who is dedicated to her studies and who in order to earn her own recourse to cover the cost of her studies sells clothes, purses and Yanbal products (beauty products, cosmetics, perfumery and women’s accessories). She works every day because besides selling around her neighborhood she also sells at the university she’s attending. She sells on credit and collects weekly. She’s been in this activity more than two years and does very well. Thanks to this she’s been able to move forward with her university career.

This loan is to buy perfume, creams, cosmetics, purses and clothes. Her dream is to have a clinical laboratory one day.

The small photo is of a member who was unable to attend when the group photo was taken.
View original language description ↓
EL Banco Comunal Mateito se reúne cada quince días en el cantón Junín, este lugar se lo conoce por su gente amable y trabajadora y porque en este lugar se destila el mejor aguardiente de la provincia y del Ecuador.

Este es un grupo de personas que decidieron unirse y formar este Banco Comunal que les va a servir de mucho para mejorar sus pequeños negocios que hasta la fecha tienen. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.

En este lugar conocimos a la señora Lourdes, tiene 26 años de edad, está soltera y vive en casa de sus padres. Ella estudia laboratorio y está en un proyecto de tesis para graduarse como laboratorista. Lleva dos ciclos en el Banco Comunal, es la tesorera y le gusta porque el grupo es muy unido.

Nuestra amiga es una joven muy activa que se dedica a sus estudios y para obtener sus propios recursos y con esto tener para los gastos de sus estudios se dedica a la venta de ropa, carteras, y productos de Yanbal (productos de belleza, cosméticos, perfumería y accesorios para damas). Trabaja todos los días ya que ella además de vender por su localidad también vende en la universidad donde estudia, deja sus productos a crédito y cobra cada ocho días. Tiene más de dos años que se dedica a esta actividad y le va muy bien, gracias a esto ella ha podido salir adelante con su carrera universitaria.

Este crédito es para comprar perfumes, cremas, cosméticos, carteras y ropa.

Su sueño es algún día tener su laboratorio clínico.

La foto pequeña es una socia 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
  • 33
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mateito (Junín) Group's $3,000 loan helped a member to buy perfume, creams, cosmetics, purses and clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2012
Listed
Jun 4, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2012