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Don Pascual Mero  (Manta) Group
In this Group: Mónica Alexandra, Karen Daniela, Jessica Johanna, Cinthia Annabel, Mercedes Margarita, Pedro Enrique, Juan Fernando, María Belen, Julia Elizabeth, José Antonio , María José, Jorge Alberto, Elvia Liliana
The 'Don Pascual Mero' community bank meet every two weeks in los Esteros neighborhood, in the city of Manta. This city is known for its beautiful beaches which are popular year round. It is also known as being a city of unparalleled beauty which has many tourist attractions.

This is a group of people who decided to come together four months ago and form a loan group. It has helped them a lot in growing their businesses. The members work in a number of different business activities including general commerce, food sales, services, etc.

This is where we get to know Mónica. Mónica is 44 years old, married, and has three children who are all adults. Her youngest daughter is studying at university and still lives at home. Her husband works for a company in the city.

In order to earn her own money so that she can make progress together with her family, our friend works selling all kinds of clothing. She makes her sales door to door and her daughter also helps her, selling to her fellow students at university. She tells us that her customers place orders with her because she receives very good merchandise from a daughter who lives in Quito. Mónica works three days a week making her sales and collecting payment. She sells to her customers on credit and then collects payment every two weeks. She has been in this business for one year and is doing very well.

Mónica will use this loan to buy more merchandise such as: pants, blouses, t-shirts and children's clothing. This is her first loan cycle as a member of her community bank. She is the president of her group and likes it because of the speed with which loans are disbursed. Her dreams are to make progress in her business and to see her daughter become a professional.
View original language description ↓
El Banco Comunal Don Pascual Mero se reúne cada 15 días en el barrio los Esteros en la ciudad de Manta, ciudad conocida por sus hermosas playas que son muy visitadas en toda época del año y por ser una ciudad con una belleza sin igual con muchos atractivos turísticos.

Este es un grupo de personas que decidieron unirse hace 4 meses atrás y formar este Grupo De Crédito que les ha servido de mucho para aumentar sus negocios. Ellos se dedican a diversas actividades tales como, comercio en general, venta de comida, servicios entre otras actividades.

En este lugar vive la señora Mónica, tiene 44 años de edad, está casada y de esta relación tienen tres hijos todos mayores de edad, la menor estudian en universidad y es la que aun vive con ella. Su esposo trabaja en una empresa en la ciudad.

Nuestra amiga con la intención de ganar algo por su cuenta y con esto poder salir adelante en el hogar se dedica a la venta de ropa de todo tipo, su forma de venta es puerta a puerta y también su hija le ayuda vendiendo a sus compañeras en la universidad donde ella estudia, nos cuenta que le realizan pedidos sus clientes ya que ella recibe muy buena mercadería la cual se la envía una hija desde Quito ya que ella vive allá. Trabaja tres días de la semana en sus ventas y cobros ya que deja a crédito a sus clientes y cobra cada quince días. Tiene un año que se dedica a esta actividad y le va muy bien.

Este crédito lo va emplear en comprar más mercadería como: pantalones, blusas, camisetas y ropa de niños. Este es su primer ciclo en el Banco Comunal, es la presidenta y le gusta por la rapidez con que salió el crédito.

Sus sueños es seguir adelante en su negocio y ver que su hija sea profesional.

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
  • 25
    View loans »
    Ecuador Loans Fundraising
  • $22,857,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Don Pascual Mero (Manta) Group's $5,300 loan helped a member to buy pants, blouses, t-shirts and children's clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2012
Listed
Jul 5, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012