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29 De Noviembre Group
In this Group: Gladys, Ketty, Bertha
Gladys, Ketty and Bertha are three women who live in the parish of Rio Verde in the city of Santo Domingo, Ecuador. They are friends and have known each other a long time, and they are requesting this group loan from Kiva so each can improve different areas of their businesses. Santo Domingo is a rather large city located in practically the center of Ecuador, with a highway running through it linking the coast with the mountains going from sea level to 2,800 meters (9,180 feet) above it. Because of this, Santo Domingo is known for being a rather commercial city with a lot of tourist traffic. Another very interesting item of note is that thanks to its location and importance the city has become one of the most multicultural in Ecuador. All of this coexists under a humid tropical climate 200 meters (650 feet) above sea level. Gladys has a small drink stand where she sells colas and water. This business is very small and it doesn't meet the needs of Gladys and her four children. Requesting this loan through Kiva is very important to her because it will allow her to purchase a freezer as well as more merchandise. If everything goes well, Gladys will be able to one day fulfill her dream of being owner of her own store. Ketty, on the other hand, has a small store and perfume shop. She is requesting the loan to invest in items to sell like pencils, books, notepads and other items. Her dream is to see her son become a professional, so she needs to earn more money to be able to eventually pay for his college education. Ketty works about six hours every day, and her husband, who is a mechanic, also helps out, but she needs to increase her sales in order to cover all of their expenses. Finally there is Bertha, who owns a stand selling grilled meats. She has two school-age children and has a lot of dreams, chiefly to buy her own home, see her children become professionals and to own a restaurant. Of course, the first step is to get this loan so she can be able to purchase supplies and increase her sales. All of these women are model mothers, but it has been difficult to receive a loan since two of them only have elementary-school educations, and the other a high-school education. None of them attended a university, and they all have had to make do and learn on the fly to get by. All of them now have at least a few years of experience with their businesses, and acquiring loans is essential to be able to take the next step and keep growing, for their own good as well as that of their families.
View original language description ↓
En la parroquia de Rio Verde en la ciudad de Santo Domingo Ecuador viven tres mujeres Gladys, Ketty y Bertha. Ellas son amigas y conocidas de hace mucho tiempo, y hoy solicitan un crédito grupal de Kiva para cada una poder mejorar diferentes aéreas de sus negocios. Santo Domingo es una ciudad bastante grande, que se ubica prácticamente en el centro de Ecuador uniendo la Costa y la Sierra por una carretera que va desde el nivel del mar hasta los 2800 metros de altura. Debido a esto Santo Domingo se caracteriza por ser una ciudad de bastante comercio y trafico turístico. Otro factor muy interesante es que por su ubicación e importancia Santo Domingo se ha convertido en una de las ciudades más multiculturales del Ecuador. Todo esto convive bajo un clima húmedo tropical a una altura de 200 metros.
Gladys tiene un pequeño puesto donde vende colas y aguas, este negocio es muy pequeño y no alcanza a cubrir las necesidades de Gladys y sus 4 hijos, por lo que el préstamo solicitado a través de KIVA es muy importante para ella, le permitiría comprarse un congelador y además comprar más mercancía, si todo sale bien con esto Gladys podría algún día cumplir su sueño de ser dueña de su propia tienda.
Ketty por otro lado, tiene un pequeño bazar y perfumería. Ella necesita su préstamo para poder invertir en materiales para la venta como lápices, libros, cuadernos etc. El sueño de Ketty es ver a su hijo convertirse en un profesional, por lo que necesita producir más plata para poder pagar sus estudios de colegio y universidad eventualmente. Ketty trabaja alrededor de 6 horas diarias y su esposo también ayuda en la casa con su trabajo de mecánico, pero Ketty necesita vender más para poder cubrir todos sus gastos.
Finalmente tenemos a Bertha, ella es dueña de un puesto de venta de carnes asadas, Bertha tiene dos hijos en edad de escuela y tiene muchos sueños, principalmente comprar su propia casa, ver a sus hijos convertirse en profesionales y ser dueña de su propio restaurante. Sin embargo el primer paso para ella es acceder a este préstamo para poder invertir en materia prima y mejorar sus ventas.
Todas estas mujeres son ejemplos de madres. Para las tres ha resultado muy difícil acceder a créditos ya que dos de ellas solo cuentan con estudios primarios y una con secundaria, ninguna asistió a la universidad y han tenido que ingeniárselas y aprender en el acto para poder sobrevivir. Todas tienen ya por lo menos algunos años de experiencia con sus negocios y resulta fundamental poder adquirir sus préstamos para poder dar el siguiente paso y seguir creciendo, por su bien y el de su familia.

Additional Information

About Fundación Alternativa

Fundación Alternativa encourages entrepreneurship and provides sustainable financial and non-financial services that promote social and economic development in Ecuador. The organization focuses on serving poor and excluded populations through analysis of clients' living conditions and by providing business training and other support services in urban, rural and marginalized parts of the country.

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

  • $10,600
    Average annual income
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $24,107,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 29 De Noviembre Group's $1,250 loan helped a member to purchase a freezer and buy supplies.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
Jun 15, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013