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Efren  Flor  (Portoviejo) Group
In this Group: Modesta Isabel, Mireya Serenovia, Mercedes Geoconda, Zoila Matilde, Johanna Amparo, Carmen Elizabeth, María Esperanza, Mercedes Del Carmen*, María Mercedes, Stefano Agustin*, Luis Alberto, Irene Soledad, Dolores Moncerrate, Katherine Alexandra
* not pictured
The Efrén Flor Communal Bank meets every fifteen days in the Picoaza parish in the city of Portoviejo. It is a place known for being a very commercial area, for its traditional festivities of San Pedro and San Pablo and for the happiness of its people.

This is a group of people who decided to come together some time ago and form this communal bank that has served them a lot since with the loans they have been able to improve the small businesses that they have. The make a living from diverse activities such as shops, services and food sales among other activities.

In this place we meet Carmen Elizabeth, 35 years old, married and from this relationship she has four children who are 17, 12, 10 and 3 years old. The oldest child studies in college and the next two oldest are in school. Her husband is a merchant.

She is a struggling, hardworking housewife that, in order to earn something on her own and contribute to the household expenses, makes a living in business. She sells clothes of all kinds, the same as her husband who also sells this type of merchandise but independently, since he travels to the country and distant places while she sells in the area where she lives and other parts of the city. Her form of sales is door to door. She works four days per week, leaving her products with her clients on credit and then collecting the debt every week. For five years she has made a living with this business and it is going very well for them.

She is going to employ this loan to buy clothes of all types and materials. She has been in the Communal Bank from the beginning and she likes the speed with which the loans go out.

Her dream is to buy a car so that her husband can go sell his merchandise.

The two small photos are of two partners that couldn’t be present when the photo was taken of the group.
View original language description ↓
El Banco Comunal Efrén Flor se reúne cada quince días en la parroquia Picoaza de la ciudad de Portoviejo. Lugar conocido por ser una zona muy comercial, por sus fiestas tradicionales de San Pedro y San Pablo y por la alegría de su gente.

Este es un grupo de personas que decidieron unirse tiempo atrás y formar este Banco Comunal que les ha servido de mucho ya que con los créditos, ellos han podido mejorar sus pequeños negocios que tienen. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.

En este lugar conocimos a la señora Carmen Elizabeth, tiene 35 años de edad, está casada y de esta relación tienen cuatro hijos de 17, 12, 10 y 3 años, el mayor estudia en colegio y los 2 siguientes en escuela. Su esposo es comerciante.

Es una ama de casa muy luchadora y trabadora que para ganar algo por su cuenta y contribuir para los gastos del hogar se dedica al comercio, ella vende ropa de todo tipo, al igual que su esposo que también vende este tipo de mercadería pero de forma independiente, ya que él se desplaza a los campos y lugares alejados mientras que ella vende por el sector donde vive y otras partes de la ciudad, su forma de venta es puerta a puerta. Trabaja unos cuatro días por semana, deja a crédito a sus clientes y cobra cada semana. Tiene 5 años que se dedica a este negocio y les va muy bien.

Este crédito lo va emplear en comprar ropa de todo tipo y genero. Esta desde el inicio en el Banco Comunal y le gusta por la rapidez con que salen los créditos.

Su sueño es comprar un carro para que su marido vaya a vender su mercadería.

Las dos 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

  • $10,600
    Average annual income
  • 96
    View loans »
    Ecuador Loans Fundraising
  • $24,104,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Efren Flor (Portoviejo) Group's $5,700 loan helped a member to buy all types of clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2012
Listed
Jul 13, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012