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Francisco Pacheco  (Portoviejo) Group
In this Group: Johanna Del Rocio, Glenda Maricela, Manuela Gabriela, Vilma Faviola, Marjorie Marcela, Lilia Amanda Dolores, Indalinda Piedad*, Ignacia Del Socorro, Rosa Estrella, Luís Fabricio, Rosa Mercedes, Jonathan Grober*, Martha Marisol, Azucena Auxiliadora, María Elena*, Jasmin Maricela, Marianita De Jesús, Carla Marisol, Katiuska Jahaira
* not pictured
The “Francisco Pacheco” communal bank meets in the Francisco Pachecho neighborhood in the city of Portoviejo every fifteen days. This is a densely populated, marginal urban area in this city.

This is a group of people who decided to join together some time ago and form this communal bank that’s been very useful for them since they’ve improved their small businesses and their lives with the loans. They are in a variety of activities like food sales, general commerce and services, among other activities.

Glenda, 33, lives here. She’s been in a common law relationship for several years and has two children who are 9 and 7-years-old and are attending school. Her husband does odd jobs since he does not have a steady job.

Our friend is a housewife who in order to earn her own income to help her husband with household expenses sells clothes via catalogue and Yanbal products (beauty products, cosmetics, perfumery and women’s accessories). She works three days a week from two to three hours daily. She sells her products on credit and collects payment weekly. She’s been in this activity four years and does very well. She tells us that what she sells the most is perfume and cosmetics which according to her are very good.

This loan is to buy perfume, cream, cosmetics and all types of clothes. She’s been in the communal bank since its beginning and she likes it because of the help she gets to get ahead. Her dream is to have economic stability.

The small photos are of two members who were unable to be present for the group photo.
View original language description ↓
En la ciudadela Francisco Pacheco de la ciudad de Portoviejo se reúne cada quince días el Banco Comunal Francisco Pacheco, esta es una zona urbano marginal muy poblada en esta ciudad.

Este es un grupo de personas que decidieron unirse hace tiempo atrás y formar este Grupo De Crédito que les ha servido de mucho ya que con los créditos ellos han mejorado sus pequeños negocios y su vida. Ellos se dedican a diversas actividades tales como venta de comida, comercio en general, servicios, entre otras actividades.

Aquí vive la señora Glenda, tiene 33 años de edad, mantiene una relación libre hace varios años de la cual ha tenido dos hijos de 9 y 7 años los mismos que estudian en escuela. Su esposo se dedica a actividades varias no tiene un trabajo fijo.

Nuestra amiga es una ama de casa que para obtener sus propios recursos y con esto poder ayudar a su esposo en los gastos del hogar se dedica a la venta de ropa por catalogo y productos de 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 4 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 de todo tipo. Esta desde el inicio en el Banco Comunal, es la tesorera y le gusta el Banco por la ayuda que recibe para salir adelante.
Su sueño es son es tener estabilidad económica.

Las fotos pequeñas son de dos socias que no pudieron estar presentes cuando se tomo 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
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,831,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Francisco Pacheco (Portoviejo) Group's $6,400 loan helped a member to buy cosmetics and clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2012
Listed
Jul 3, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012