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Corazón De Mejía  (Portoviejo) Group
In this Group: Nancy Biolinda, Gloria, Rosa Edith, Lexi Alexandra, Baleria Vespertina, Fermina Domitila, María Monserrate, Mariana De Jesús, Rosa Alejandrina, Angela Leonor, Hirlanda Mallita, Jhonny Javier*, Digna Amada, María Agustina, Lorena Marizol, Egbelida Monserrate
* not pictured
The Corazon Mejia communal bank meets every two weeks in Mejia. Mejia, which is located a few kilometers from the city of Portoviejo,is a city where the majority of people work in agriculture and in the cultivation and sale of coconuts. The members work at various activities such as food sales, the sale of beauty products and articles of clothing, and services such as phone booths and beauty salons. A while ago they decided to join forces to be able to access the benefits provided by the Fundacion Espoir, with which they are very happy.

One of the members of this group is Gloria, who is 42 years old and is in a common-law relationship from which she has four children aged 19, 16, 14 and 10. The three eldest are in high school and the youngest is in school. Her husband is a farmer.

Our friend is a homemaker who sells clothing from a catalogue and other products in order to earn her own income and to help her husband with the household expenses. The products she sells are from Esika, Lebel and Yanbal (beauty products, cosmetics, perfume and women's accessories). She works three days a week for two to three hours a day. She provides her products on credit and bills every week. She has been doing this for 10 years and it is going well for her. She says that the products that sell best are the perfumes and cosmetics as they are said to be very good.

This loan is to buy perfume, creams, cosmetics and underwear. She has been there since the start of the communal bank and she likes it for the help that it gives with the loans.

Her dream is to own a boutique.

In the photo is a woman with a red blouse with white squares who does not belong to the group. She is standing behind a woman with a brown T-shirt on the right side of the photo.
View original language description ↓
En Mejía localizada a unos pocos kilómetros de la ciudad de Portoviejo, ciudad de gente dedicada en su mayoria a la agricultura y al cultivo y venta de cocos se reúnen cada quince días el Banco Comunal Corazón Mejía. Los mismos que se dedican a diversas actividades tales como el comercio de comida, venta de productos de belleza y prendas de vestir y prestar servicios como cabinas telefónicas o salones de belleza. Ellos hace tiempo atrás decidieron unir sus esfuerzos para poder acceder a los beneficios que presta la Fundación Espoir, con los cueles están muy contentos.

Una de las socias de este grupo es la señora Gloria, tiene 42 años de edad y mantiene una relación de unión libre de la cual tiene cuatro hijos de 19, 16, 14 y 10 años de edad, los tres mayores estudian en colegio y el menor en escuela. El marido es agricultor.

Nuestra amiga es una ama de casa que para obtener sus propios recursos y con esto ayudar a su esposo con los gastos del hogar se dedica a la venta de ropa por catalogo y productos de Esika, Lebel y Yanbal (productos de belleza, cosméticos, perfumería y accesorios para damas). Trabaja tres días a la semana de dos a tres horas al dia, ella deja sus productos a crédito y cobra cada ocho días. Tiene 10 años que se dedica a esta actividad y le va muy bien, nos cuenta que lo que más vende son los perfumes y cosméticos ya que según dice son muy buenos.

Este crédito es para comprar perfumes, cremas, cosméticos y ropa interior. Esta desde el inicio en el Banco Comunal y le gusta por la ayuda que le dan con los créditos.

Su sueño es tener una boutique.

En la foto esta una señora con blusa roja con cuadros blancos que no pertenece al grupo, esta parada detras de una señora con camiseta cafe al lado derecho de la fotografía.

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
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Corazón De Mejía (Portoviejo) Group's $5,000 loan helped a member to buy perfume, creams, cosmetics and underwear.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2012
Listed
Jun 4, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012