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Efren Flor  (Portoviejo) Group
In this Group: Rosa Asuncion, Mireya Serenovia, Mercedes Geoconda, Zoila Matilde, Katherine Alexandra, Diana Aracely, Blanca Eufemia, María Esperanza, María Mercedes*, Carlos German, José Silverio, Irene Soledad*, Dolores Monserrate, Rosa Mercedes
* not pictured
The "Efrén Flor" communal bank meets every fifteen days in the parish of Picoaza of the city of Portoviejo. This place is renowned for being a very commercial area, for its traditional feasts of San Pedro and San Pablo, and for its joyful people.

This is a group of people who, some time ago, decided to unite and create the communal bank. It has served them well, because the loans have enabled them to improve their small businesses. They work in various activities such as commerce, services, and food sales amongst others.

One of the members of this group is Señora Mireya. She is 50 years old, has a partner with whom she has four children. All of them are grown up, but they still live at home. Her husband works transporting goods with his tricycle.

Mireya is a very hard-working and active housewife, who works in commerce to earn her own money and contribute to household expenses. She has a small convenience store in her home. Although her business is small, her customers can find everything they need there, from grains to vegetables and meat. That is why, in spite of the fact that her business is only two years old, her customer base has grown significantly. Today, with the help of loans she has received from the bank, her business increases every day. This helps a lot since there are days when her husband does not earn anything with his job.

She will use this loan to buy rice, sugar, and other basic foodstuffs. She has been a member of the communal bank from the start, and she likes it because of the help she gets from loans to succeed.

Her dream is to buy a car so that her husband can transport his cargo.
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. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.

Una de las socias de este grupo es la señora Mireya, tiene 50 años de edad, mantiene una relación de unión libre y de esta relación tienen cuatro hijos todos mayores de edad pero aún viven en su casa. Su esposo realiza transportes en un triciclo.

Doña Mireya es una ama de casa muy luchadora y trabadora que para ganar algo por su cuenta y contribuir en los gastos del hogar se dedica al comercio, ella tiene una pequeña tienda de víveres en su casa, allí a pesar de que su negocio es pequeño sus clientes pueden encontrar de todo desde granos hasta legumbres y carnes, es por eso que a pesar de que su negocio recién tiene dos años su clientela a crecido mucho, ahora con la ayuda de los créditos que ha recibido del banco cada día aumenta su negocio. El cual le sirve de mucho ya que su esposo hay días que no gana nada de dinero en su labor.

Este crédito lo va emplear en comprar arroz, azúcar y otros productos de primera necesidad. Esta desde el inicio en el Banco Comunal y le gusta por ayuda que le dan los créditos para salir adelante.

Su sueño es comprar un carro para que su marido realice sus fletes.

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
  • 37
    View loans »
    Ecuador Loans Fundraising
  • $23,419,050
    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 $5,900 loan helped a member to buy rice, sugar, and other basic foodstuffs.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2013