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Isidro Ayora  (Jaramijo) Group
In this Group: Rosa Elvira, Angela Mirella, Virginia Elena, Maritza Elizabeth, Verónica Elizabeth, Gladys Vanessa, Maritza Yuliana, Francisco Mesias, María Solanda, Isaias Felipe, Ciro Agapito, Luisa Esperanza
The Isidro Ayora community bank meets every 15 days in Jaramijo, a place known for its beautiful beaches and spectacular coastline. Local people--many of whom make their living from the sea--work hard.

The members of the group formed the community bank some 4 months ago and they tell us that it has been a great help to their businesses. The members operate a variety of businesses: general retail; food sales; and service businesses, for example.

Our member, Don Francisco, 51, is partnered and has a 4-month old son. His wife is a homemaker.

Don Francisco operates a mototaxi business. He tells us that mototaxis are an important means of transportation here and widely used by both local people and tourists. Local people use mototaxis because they're the most common way to get around and tourists use them to see local sights. Don Francisco says that he especially likes showing tourists around, not only for the fares but also because they're generous tippers. He has operated the business for 15 years and says that it is an honest living.

Don Francisco will use this loan to replace his mototaxi's worn-out engine . This will be the first loan that he's received from the community bank and he tells us that he hopes to borrow through the bank in the future, as well.

For the future, he hopes to provide for his family in the best way that he can.

There are two people in the photo that do not belong to the gruop: The man in the white shirt and the woman with the baby. The man is the husband of one of the members and the woman hopes to join the bank's next round of borrowing.
View original language description ↓
El Banco Comunal Isidro Ayora se reúne cada 15 días en el cantón Jaramijo, este lugar es conocido por sus hermosas playas que bañan las costas de este hermoso lugar, aquí la mayoría de los habitantes son muy trabajadores y dedicados a las faenas del mar.

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 Don Francisco, tiene 51 años de edad y mantiene una relación de unión libre de la cual tiene un hijo de 4 meses de nacido. Su mujer se dedica a las labores de la casa.

Nuestro amigo para ganarse la vida y tener como llevar el pan diario al hogar, se dedica hacer fletes en moto taxi, nos cuenta que en este lugar ese es el medio de transporte muy utilizado por las personas del lugar y turistas, los lugareños se transportarse a diario a diferentes lugares y a los turistas él les ofrece el servicio para llevarlos a visitar las bellezas del lugar, nos cuenta que es en estos fletes cuando mas gana ya que además de pagar por sus servicio les dejan buenas propinas, lleva más de 15 años ofreciendo este servicio lo cual le ha permitido salir adelante honestamente.

Este crédito lo espera utilizar para comprar un motor nuevo ya que el que tiene su moto ya esta deteriorado, este es su primer ciclo en el Banco Comunal y espera seguir por mucho tiempo recibiendo la ayuda del banco.

Sus sueños son seguir adelante y darle lo mejor a su familia.

En la foto salen dos personas que no pertenecen al grupo, el señor de camiseta blanca y la señora con el bebe, el señor es esposo de una socia y la señora fue a la reunión por que espera entrar en el próximo ciclo.

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
  • 59
    View loans »
    Ecuador Loans Fundraising
  • $23,551,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Isidro Ayora (Jaramijo) Group's $4,400 loan helped a member comprar un motor para moto.
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