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5 De Marzo  (Portoviejo) Group
In this Group: Juana Estrella, Katty Elizabeth, Diana Maritza, Gabriela Margarita, Jessica Lissette, Vielka Andreina, Victoria Asencion, Arecio Damian, Ligia Estela, Jessica Narcisa, Walter Daniel, Maricela Magdalena, Rosa Liliana*, Jennifer Yalili*
* not pictured
The “5 de Mayo” communal bank meets every two weeks in Portoviejo, a beautiful, hospitable city known as “City of the Royal Tamarinds,” that has many tourist attractions and a varied, delicious cuisine.

This is a group of 12 women and two men who decided some time ago to join together to receive the help the bank gives by means of loans. They carry out a variety of activities like commerce, food sales and some are service providers.

One of the members of this group is Katty, 28. She’s married and has two children who are 9 and 5 years of age and attend school. Her husband’s a bricklayer.

Katty’s a housewife who in order to earn her own income works selling all types of clothes door to door and also at home where her customers come by. Most of her sales are based on prior orders. She works every day mostly in the morning which is when her children are in school. She sells on credit and collects payment every fifteen days. She goes to Guayaquil to buy merchandise whenever she needs to. She’s been in this activity for four years and thanks to her profits they get ahead because sometimes her husband is without work for several days.

She will use this loan to buy more merchandise like pants, blouses, shirts and beach clothes which is what sells most this season. She’s been in the communal bank since its start and she likes it because of the help she gets from it. Her dream is to give her children the best.
View original language description ↓
EL Banco Comunal 5 De Marzo se reúne cada quince días en Portoviejo ciudad bella y hospitalaria conocida como la Ciudad de los Reales Tamarindos, con muchos atractivos turísticos y con una variedad exquisita en su gastronomía.

Este es un grupo formado por 12 mujeres y dos varones los mismos que ya hace tiempo atrás decidieron unirse y recibir la ayuda que el banco les da con los créditos, ellos se dedican a diversas actividades como el comercio, venta de comida y también a la prestación de servicios.

Una de las socias de este grupo es la señora Katty, tiene 28 años de edad, está casada y de esta relación tiene dos hijos de 9 y 5 años que estudian en la escuela. Su esposo es albañil.

Doña Katty es un ama de casa que para obtener sus propios recursos se dedica a la venta de ropa de todo tipo, su forma de venta es puerta a puerta y también vende en su casa hasta donde llegan sus clientes, la mayor parte de sus ventas son bajo pedido. Trabaja todos los días más que todo en las mañanas ya que a esa hora sus hijos están en la escuela, deja a crédito a sus clientes y cobra cada quince días. Su mercadería la va a comprar a Guayaquil cada vez que necesita. Tiene 4 años que se dedica a esta actividad y gracias a sus ganancias salen adelante ya que en ocasiones su marido esta varios días sin trabajo.

Este crédito lo va emplear en comprar más mercadería como: pantalones, blusas, camisetas y ropa de playa que es lo que más se vende en esta temporada. Esta desde el inicio en el Banco Comunal y le gusta por la ayuda que recibe del banco.

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
  • 66
    View loans »
    Ecuador Loans Fundraising
  • $23,510,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 5 De Marzo (Portoviejo) Group's $6,200 loan helped a member to buy clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013