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Higuerón  (Portoviejo) Group
In this Group: María Gabriela, Yamina Monserrate, Ubaldina Elizabeth, María Jacinta, Adela Mireya, Narciza Del Jesús, María Josefina, Lirice Roxana, Tania Katherine, Benita Argentina, Jessica Patricia, Gema Lucia, Eva Jessenia, Johana Margarita, Letty Azuncion, Gloria Efigenia, Jessica Karina
Every 15 days, the 17 members of the Higueron communal bank meet in a place called Higuerón in the city of Portoviejo. They earn their living through diverse activities such as agriculture and shopkeeping (amongst other activities). When they heard about the benefits that the institution affords they decided to unite to be able to access the loans offered by Fundacion Espoir.

One of the members of this group is Jessica Patricia, who is 27 years old, married and from this marriage has two children of 8 and 6 years of age who study at the school. Her husband works in agriculture.

She is a homemaker and sometimes she sells clothes via catalogue and Esika products (beauty products, cosmetics, perfume and accessories for women). She does this so that she can obtain her own income and with this be able to help her husband with the household expenses since sometimes he does not earn very much. She works three days a week from two to three hours a day, and she sells on credit, requiring repayment every eight days. She has been carrying on this business for 4 years and it is going very well for her. The thing she sells most of is perfume.

She will use the loan to buy perfumes, creams, cosmetics and clothes. This is her third cycle in the communal bank and she likes it because of the help they give her as much as to her colleagues, for which they are all very grateful and happy.

Her dream is to be able to provide the best future for her children.
View original language description ↓
En un sitio llamado Higuerón en la ciudad de Portoviejo cada quince días se reúnen las 17 socias del Banco Comunal Higuerón. Las mismos que se dedican a diversas actividades tales como la agricultura, comercio en general, entre otras actividades. Al conocer de los beneficios que brinda la institución decidieron unirse hace un tiempo atrás para poder acceder a los créditos que brinda La Fundación Espoir.

Una de las socias de este grupo es la señora Jessica Patricia, tiene 27 años de edad, está casada y de esta relación tienen dos hijos de 8 y 6 años de edad que estudian en la 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 a veces no gana mucho se dedica a la venta de ropa por cátalo y de 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, lo que más vende son los perfumes.

Este crédito es para comprar perfumes, cremas, cosméticos y ropa. Este es el tercer ciclo en el Banco Comunal y le gusta por la ayuda que le dan tanto a ella como a sus compañeros, por lo cual están muy agradecidos y contentos todos en el grupo.

Su sueño es darles lo mejor a sus hijos.

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
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,607,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Higuerón (Portoviejo) Group's $6,300 loan helped a member to buy perfumes, creams, cosmetics and clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013