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Avancemos Seguros  (Portoviejo) Group
In this Group: Jessenia Elizabeth, Mónica Libeth*, Marian Alexandra, Kenia Alexandra, Diana Daniela, Sandra Lorena, Irvin Geovanny*, Jenny Elizabeth, Leonor Lexandra, Tulmira Del Rocio, Karen Leonor, Cristel Violeta, Angel Alexander
* not pictured
The thirteen members of the Avancemos Seguros Community Bank meet every two weeks in the parish of San Pablo in the town of Portoviejo. They are involved in a variety of enterprises such as commerce, services etc.

One of the members is 21-year old Señor Ángel who lives with his partner. They don't yet have any children; she is a housewife. Ángel and the rest of the group hope to advance their businesses with the help of loans from the institution. They are simple but hardworking people who hope to get on in life.

Ángel has worked as an automotive mechanic for over five years. In this time he learned the trade. He hopes to run his own repair shop one day and make a better future for himself and his family. With this loan he wishes to buy certain tools and in this way gradually gather what he needs to set up his own business. In his spare time he takes on private work to earn extra money so he needs to buy tools of his own urgently.

He will use the loan to buy wrenches and other tools needed for his work. This is his first loan within the Community Bank. He enjoys being part of it because of the simplicity of the loan system.

Ángel's dream is to have a repair shop and a home of his own. He still lives with his parents.

The small photo is of a member who couldn't be present when the group photo was taken.
View original language description ↓
En la parroquia San Pablo de la ciudad de Portoviejo se reúnen cada quince dias los 2 socios y las 11 socias del Banco Comunal Avancemos Seguros. Los mismos que se dedican a diversas actividades tales como comercio en general, servicios, entre otras cosas.

Aquí conocimos al Señor Ángel, tiene 21 años de edad, mantiene una relación de unión libre de la cual aun no tiene hijos. Su mujer es ama de casa. El forma parte de este grupo que esperan sacar sus negocios adelante con la ayuda de los créditos que les brinda la institución, ellos son personas muy humildes pero trabajadoras que con su esfuerzo esperan sacar adelante a sus familias.

Nuestra amigo trabaja en un taller de mecánica automotriz hace más de 5 años, años en los cuales ha aprendido la profesión la misma que espera en un futuro poder tener su propio taller y con esto forjarse un mejor futuro para él y su familia. Con este crédito el quiere comenzar a compra ciertas herramientas que necesita para así poco a poco tener lo necesario para poner su propio taller. El también en sus ratos y días libres realiza trabajos por su cuenta con lo cual se gana un dinero extra por lo cual también necesita de urgencia sus propias herramientas.

Este crédito es para comprar llaves y herramientas necesarias para su trabajo. Este es su primer ciclo en el Banco Comunal y le gusta por la facilidad para conseguir los créditos.

Sus sueños son tener su propio taller y su casa ya que aun vive en casa de sus padres.

La foto pequeña es de un socio que no pudo estar presente 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
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Avancemos Seguros (Portoviejo) Group's $5,300 loan helped a member to buy wrenches and other tools.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2012
Listed
Aug 2, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012