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José Gregorio Hernandez  (Junín) Group
In this Group: Fernanda Belen, Gissela María, Jessica Liliana, María Auxiliadora, Gladys Benedicta, Dolores Idalina, Gissela Maribel , Cleotilde Belinda, María Elena, María Isabel, Angela Margarita, Juana Francisca, Eulester Patricia, Marjorie Paola, Diego Armando, Yenny Margarita*, Dolores Monserrate, Angela Trinidad*
* not pictured
The José Gregorio Hernández Communal Bank meets every 15 days in the canton of Junín. This place is known for its friendly and hardworking people. It is also known for producing the best brandy in the province and in all of Ecuador. This group of individuals decided to join together some time ago and form this Communal Bank, which has already provided them with many loans. They have been able to improve their small businesses. The members engage in various activities involving trade, services, selling food, and other activities.


It is here that one can meet Sra. Clotilde. She is 62 years old, in a common-law relationship, and has 10 grown children. She lives with one of her daughters and her husband works on a farm.


Clotilde takes advantage of the space around her house to raise chickens and pigs. She says that she has a small coop where she can have up to 100 chickens each season and a pen that holds the pigs. Clotilde buys the animals when they are small and keeps them between three to four months. When the animals reach an adequate weight, they are sold to traders who come to her house, who in turn sell them at various markets in the neighboring cities.


This loan will be used to buy feed and medicines for both her chickens and pigs. This is her first loan with the Communal Bank and she likes the speed by which she was able to secure the loan. Her dreams include moving forward and having good health.


The small photo in the corner is of two members who could not be present when the group photo was taken.

View original language description ↓
EL Banco Comunal José Gregorio Hernández 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 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 tienen. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.

Aquí conocimos a la señora Clotilde, tiene 62 años de edad, mantiene una relación de unión libre de la cual ha procreado diez hijos los mismos que ya son mayores de edad, con ella solo vive una hija. Su marido realiza faenas en el campo.

Nuestra amiga aprovechando que en su casa tiene bastante espacio se dedica a la cría de pollos y chanchos, nos cuenta que tiene un pequeño galpón en el cual mete hasta cien pollos por temporada y tiene un corral donde tiene los chanchos, ella compra estos animalitos cuando están pequeños y los tiene de tres a cuatro meses y cuando tienen un peso adecuado los entrega a comerciantes que llegan hasta su casa, los mismos que luego los venden en distintos mercados de las ciudades vecinas.

Este crédito lo va emplear en comprar alimentos y medicinas tanto para los pollos como para los chanchos. Este es su primer ciclo en el Banco Comunal y le gusta por la rapidez para conseguir los créditos.

Sus sueños seguir adelante y tener buena salud.

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
  • $23,876,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of José Gregorio Hernandez (Junín) Group's $4,300 loan helped a member to buy animal feed and medicines for her pigs and chickens.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2012
Listed
Jun 11, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012