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El Pedregal De San Jorge (Portoviejo) Group
In this Group: Ana Teresa, Clara Isabel, Noemi Mirella*, María Rosa, Otyta Geovany, Elena, Mercy Filadelfia, María Del Consuelo, Erika Lorena, Sonia Mariela, Daniel Dario, Miriam Iliana, Justina María, Emma Francisca
* not pictured
The members of the solidarity group "El Pedregal de San Jorge" meet every 15 days in the San Jorge neighborhood of the city of Portoviejo, the capital of Manabí. Portoviejo has been known for many years as the city of "Los Reales Tamarindos". This group of individuals decided to join together some time ago and form this Communal Bank, which has now received many loans. To this date, they have been able to improve their small businesses. They engage in various activities such as agriculture, general trade, services, and other businesses.


It is in this place that one can meet Sra. Miriam, age 38. She is married and has three chidlren (ages 15, 12, and 8). The two older ones are in high school and the youngest attends elementary school. Her husband is a merchant.


Miriam is an excellent homemaker who earns her own income so that she can help her husband with the household expenses. She sells Avon and Yanbal products (beauty products, cosmetics, perfumes, and women's accessories). Miriam also sells clothing through catalogs. Her sales are conducted by going door-to-door. She takes advantage of her free time and moments when she is not busy in order to make a sale. Miriam extends credit and collects payments on a weekly basis. She says that she enjoys selling and has done very well in the four years she has been in business.


Her loan will be used to buy perfumes, trinkets, cosmetics, crèmes, and all types of clothing. Miriam has been with her Communal Bank from the beginning and enjoys the help that the loans have given her. Her dream is to continue forward in her business.


The two small photos are of three members who could not be present when the group photo was taken.

View original language description ↓
En la ciudadela San Jorge de la ciudad de Portoviejo, capital de Manabí conocida desde hace muchos años como la ciudad de los reales tamarindos, se reúnen cada quince días las socias del Grupo De Crédito El Pedregal De San Jorge.
Este es un grupo de personas que decidieron unirse hace un tiempo atrás y formar este Banco Comunal que les ha servido de mucho ya que con los créditos, ellos han podido mejorar sus pequeños negocios que hasta la fecha tienen. Ellos se dedican a diversas actividades tales como agricultura, comercio en general, servicios, entre otras actividades.

En este lugar conocimos a la señora Miriam, tiene 38 años de edad, está casada y de esta relación tienen tres hijos de 15, 12 y 8 años de edad, los dos mayores estudian en colegio y la menor en escuela. Su marido es comerciante.

Nuestra amiga es una muy buena ama de casa que para ganar algo por sus propios medios y con esto ayudar a su marido con los gastos del hogar se dedica a la venta productos de Avon y Yanbal (artículos de belleza, cosméticos perfumería y accesorios para damas) y también ropa por catalogo, su forma de venta es puerta a puerta, ella aprovecha sus momentos libres y cuando está desocupada para realizar sus ventas, deja a crédito y cobra semanalmente, dice que le encanta vender, lleva en este negocio 4 años y le ha ido muy bien.

Este crédito lo va a emplear en comprar perfumes, bisutería, cosméticos, cremas y ropa de todo tipo. Está en el Banco Comunal desde el inicio y le gusta por la ayuda que le dan con los créditos.

Su sueño es seguir adelante en su negocio.

Las dos fotos pequeñas son de tres 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
  • 60
    View loans »
    Ecuador Loans Fundraising
  • $23,522,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of El Pedregal De San Jorge (Portoviejo) Group's $6,300 loan helped a member to buy perfumes, trinkets, cosmetics, crèmes, and clothing.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2012
Listed
Jun 11, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012