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La Chispa  (Portoviejo) Group
In this Group: Yasmin Del Rocio, Rosa Mercedes, Maritza Madalayne, María José, Rosa Magali , Martha Georgina, Santa Teresa, Alejandra Elizabeth, Baebie Lilana, Laura Ninille, Fulton Rolando, Julio Cesar, María Elisa, Jannyne María Del Rocio, Lorena Margarita*, Luis Carlos
* not pictured
In the city of Portoviejo, capital city of Manabi, the partners of the communal bank La Chispa, get together every 15 days. They do diverse activities such as general commerce, services, among others, for a living. When they heard of the benefits the institution could provide them, they decided to get together and create this communal bank, which will help them a lot to improve their businesses. Here we met Jazmín, who is 36 years old, is married and has 4 children from this relationship. Her children are 19, 18, 11 and 4 years old. The two older ones are studying in the university and the two younger ones are in school and kindergarten. Her husband drives a taxi. Our friend, apart from being a great housewife, also sells clothes of all kinds, like handbags and sneakers, among others. She sells door-to-door. She walks around selling from Monday to Friday, in the mornings or in the afternoons. She leaves the products on credit and she collects the money every week. To buy her merchandise and get supplies of products, she travels to the city of Guayaquil and they also send her merchandise from the United States, since she has family there. She has been doing this activity for 3 years and is doing very well. She will use this loan to buy clothes, sneakers, handbags and other products that she sells. She has been a part of the communal bank for five years, but in another group, now she created this group and she hopes to continue there for a long time. Her dream is that her children can have a good education.
View original language description ↓
En la ciudad de Portoviejo capital manabita se reúnen cada quince días los socios del Banco Comunal La Chispa. Los mismos que se dedican a diversas actividades tales como comercio en general, servicios, entre otras actividades. Ellos al enterarse de los beneficios que les brinda la institución decidieron unirse y formar este banco comunal el cual les va a servir de mucho para mejorar sus negocios.

Aquí conocimos a la señora Jazmín, tiene 36 años de edad, está casada y de esta relación tiene cuatro hijos de años de 19, 18, 11 y 4 años de edad, las dos mayores estudian en universidad y los dos menores en colegio y jardín de infantes. Su marido es taxista.

Nuestra amiga además de ser una gran ama de casa también se dedica al comercio, vende ropa de todo tipo, carteras, zapatillas, entre otras cosas, su forma de venta es puerta a puerta nos cuenta que sale a recorrer de lunes a viernes ya sea en las mañanas o tardes, ella deja sus productos a crédito y cobra cada semana. Para comprar su mercadería y surtirse de productos se traslada hasta la ciudad de Guayaquil Y también le envían mercadería desde los Estados Unidos ya que allá tiene familiares, tiene 3 años que se dedica a esta actividad y le va muy bien.

Este crédito lo va a emplear en comprar ropa, zapatillas, carteras y otros productos que ella vende. Está en el Banco Comunal desde hace cinco años pero en otro grupo pero ahora formo este grupo y espera seguir por mucho más tiempo.

Su sueño es que sus hijos tengan una buena educación.

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
  • 29
    View loans »
    Ecuador Loans Fundraising
  • $22,871,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of La Chispa (Portoviejo) Group's $5,900 loan helped a member to buy clothes, sneakers, handbags, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012