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Lomas De San Pedro  (Montecristi) Group
In this Group: Sonia Leonor, Edita Katerine, Deisy Lizbeth*, Fanny Amparo, Deysi Esperanza, José Esnesto, Holandina Fagni, Juana Carmen, Lorena Lourdes, Eduardo Efren, Adriana Mariela, Genny Elizabeth, Yselda Orfelina, Alrexandra Elizabeth
* not pictured
The Las Lomas de San Pedro cooperative bank meets every fifteen days in Las Palmas, in the canton of Montecristi. The area is known for its rich pre-colonial culture and its handicrafts, particularly the famous straw Panama hats, are renown both nationally and internationally.

The group is comprised of 12 women and 2 men who, some time ago, decided to join together to form this cooperative bank. This has served them very well, since they have been able to grow their small businesses. They dedicate themselves to different endeavors such as commerce, services, and food sales, among other activities. One of the members of this group is Lorena who is 36, married, and has 3 children ages 17, 15 and 8 from this relationship. The children all attend school and her husband dedicates himself to farming.

She is a homemaker who, in order to generate her own income to help her husband with the household expenses since his work is not stable, dedicates herself to selling clothing by catalog and Esika products (a line of cosmetics, perfumes, and women’s accessories). She works three days per week for two to three hours, delivering the products on credit and collecting every eight days. She has been in this business for 4 years and things are going very well.

This loan is for the purchase of perfumes, creams, cosmetics and clothing. She’s been in the cooperative bank since it started, and she likes the help it provides for her and her associates. Her dreams are to provide the best for her children, and to see them become professionals and get ahead.
View original language description ↓
EL Banco Comunal Las Lomas De San Pedro se reúne cada quince días en el sitio las Palmas del Cantón Montecristi, conocido por su rica cultura pre colonial y por su artesanía que es reconocida a nivel nacional e internacional. Lugar de los famosos sombreros de paja toquilla.

Este es un grupo de 12 señoras y 2 señores que hace tiempo atrás decidieron unirse y formar este Banco Comunal, que les ha servido de mucho ya que han podido aumentar sus pequeños negocios. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.

Una de las socias de este grupo este grupo es la señora Lorena, tiene 36 años de edad, está casada y de esta relación tienen 3 hijos de 17, 15 y 8 años de edad, los dos mayores están en colegio y el menor en escuela. Su esposo se dedica a la agricultura.

Ella es una ama de casa que para obtener sus propios recursos y con esto poder ayudar a su esposo con los gastos del hogar ya que él no tiene un trabajo estable se dedica a la venta de ropa por catalogo y productos de Esika (productos de belleza, cosméticos, perfumería y accesorios para damas). Trabaja tres días a la semana de dos a tres horas al día, deja sus productos a crédito y cobra cada ocho días. Tiene 4 años que se dedica a esta actividad y le va muy bien.

Este crédito es para comprar perfumes, cremas, cosméticos y ropa. Esta desde el inicio en el Banco Comunal y le gusta por la ayuda que le dan tanto a ella como a sus compañeros.

Sus sueños son darles lo mejor a sus hijos, que ellos sean profesionales y salgan adelante.

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
  • 93
    View loans »
    Ecuador Loans Fundraising
  • $24,212,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Lomas De San Pedro (Montecristi) Group's $5,900 loan helped a member to buy perfumes, creams, cosmetics and clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013