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Amigos Por Siempre Calle Chimborazo (Montecristi) Group
In this Group: Ruth Elizabeth, Liliana Lourdes, Angela Emerita, Prissila Gabriela, Judith Vicenta, Merida Nancy, Washington Isidro, Jennifer Gissela, Johanna Lissette, Fabian Ignacio*, Silvana Mariuxi, María Cliofe, Angelina Esperanza, Jenny Verónica
* not pictured
The “Amigos Por Siempre Calle Chimborazo” (Chimborazo Street Friends Forever) communal bank has 12 female and 2 male members. It meets every fifteen days in Montecristi known for its rich pre-colonial culture and for its crafts that are renown both nationally and internationally; it’s where the famous straw hats are from.

This is a group of very humble, hardworking people who when they learned about the benefits available from the institution decided to join together and form this group to improve the businesses they have. They carry out a variety of activities like crafts and general commerce, among others.

One of the members of this group is Ruth, 51. She’s separated and has four children, three who are already adults and a 17-year-old who is attending university.

In addition to being a great mother, in order to get ahead she sells Yanbal products (beauty products and perfumery) and all types of clothes. She sells door to door and works every afternoon. She sells most of her products based on prior customer orders. What she sells most is perfume and women’s clothes. She buys the clothes every two weeks in Guayaquil and in Quito as needed. She’s been in business three years and is able to support her family with profits earned.

She will use this loan to buy clothes and Yanbal brand cosmetics because she has several pending orders. She’s been in the communal bank for two cycles and likes it because the loans help her in her business very much. Her dream is that her son becomes a professional.
View original language description ↓
EL Banco Comunal Amigos Por siempre Calle Chimborazo está integrado por 12 mujeres y 2 hombres, se reúne cada quince días en 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 personas muy humildes y trabajadoras que al enterarse de los beneficios que les brinda la institución decidieron unirse y formar este grupo para así mejorar los negocios que tienen. Se dedican a diversas actividades tales como la artesanía, comercio en general, entre otras actividades.

Una de las socias de este grupo es la señora Ruth, tiene 51 años de edad, está separada y de esta relación tiene 4 hijos, tres de ellos ya mayores de edad y el menor de 17 años el mismo que estudian en la universidad.

Ella además de ser una gran madre para salir adelante se dedica a la venta de productos de Yanbal (productos de belleza y perfumería) y ropa de todo tipo. Su forma de venta es puerta y trabaja todos los días en las tardes, la mayoría de sus productos los vende por pedidos que de forma anticipada le realizan sus clientes, lo que más vende son los perfumes y la ropa de damas. Lo que es ropa lo va a comprar cada 15 días Guayaquil y Quito cada vez que necesita. Lleva en el negocio más de 3 años y con sus ganancias ella sale adelante con su familia.

Este crédito lo va a invertir en la comprar de ropa y cosméticos Yanbal ya que tiene varios pedidos. Lleva de 2 ciclos en el Banco Comunal y le gusta porque los créditos le ayudan mucho en su negocio.

Su sueño es que su hijo sea profesional.

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
  • 14
    View loans »
    Ecuador Loans Fundraising
  • $22,842,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Amigos Por Siempre Calle Chimborazo (Montecristi) Group's $5,375 loan helped a member to buy clothes and Yanbal brand cosmetics.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 23, 2012
Listed
Nov 5, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013