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6 De Diciembre  (Montecristi) Group
In this Group: Juana Monserrate, Gissell Johana, Adriana Maricela, Tatiana Cumanda, Verónica Del Pilar, Jamil Isaac, Kathy Sonia, Angela Moncerrate, Luis Enrique, Verónica Del Rocio, Sabina Zoraida, Marcia Daniela, Danny Isabel
The “6 de diciembre” communal bank meets every 15 days in the cantón of Montecristi, which is known for its rich pre-colonial culture and for its crafts, which are recognized at the national and international level. It is the home of the famous hats made from palm fibers [so-called “Panama” hats].

This is a group of 11 women and 2 men who decided to come together and form a communal bank, which has been of great help to them. Because of the loans, they have been able to improve their small businesses and their quality of life. They are people of humble means who live on what little they earn. They work in a variety of businesses, such as sales, services, selling food, etc.

One of the members of the group is Danny. She is 33 years old. She is in a common-law marriage, from which she has two children who are 13 and 11 and who are studying in school. Her husband is a farmer. Danny, in order to help her husband with the household expenses, sells all kinds of clothing via door-to-door sales. She works all over the city, three days per week, usually in the mornings, since that’s when her children are in school. She also goes with her husband to help him with his labors in the fields, especially during winter, which is when he does most of his planting.

She sells to her clients on credit and then charges them every 8 days. She has been in this business for three years, and thanks to her earnings, they have gotten ahead; the farming activities alone often don’t result in much income. She will use this loan to buy more merchandise, such as pants, blouses, t-shirts, and clothing for the beach, which is what is selling best at the moment. This is her first loan cycle in the communal bank and she likes it because of the terms for obtaining loans.

Her dream is for her children to finish their studies so they can be sucessful professionals.
View original language description ↓
EL Banco Comunal 6 Diciembre se reúne cada quince días en 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 11 mujeres y 2 hombres que decidieron unirse y formar este Banco Comunal que les ayudado de mucho ya que con los créditos, ellos han podido mejorar sus pequeños negocios y su calidad de vida ya que son gente muy humilde que vive de lo poco que ganan. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas etc.

Una de las socias de este grupo es la señora Danny, tiene 33 años de edad y mantiene una relación de unión libre de la cual tiene dos hijos de 13 y 11 años que estudian en colegio. El marido es agricultor.

Doña Danny para ayudar a su marido con los gastos que genera el hogar se dedica al comercio, vende ropa de todo tipo y su forma de venta es puerta a puerta, ella recorre por toda la ciudad tres días a la semana más que todo en las mañanas ya que a esa hora sus hijos están en clases. También se va con su esposo a ayudarle en las faenas del campo y más en invierno ya que es cuando más siembra su marido. Ella deja a crédito a sus clientes y cobra cada 8 días, lleva tres años con este negocio y gracias a sus ganancias han salido adelante ya que la actividad del campo a veces no deja muchas ganancias.

Este crédito lo va emplear en comprar más mercadería como: pantalones, blusas, camisetas y ropa de playa que es lo que más se vende actualmente. Este es su primer ciclo en el Banco Comunal y le gusta por la facilidad para conseguir los créditos.

Su sueño es ver que sus hijos terminen sus estudios y sean buenos profesionales.

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
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 6 De Diciembre (Montecristi) Group's $6,500 loan helped a member to buy pants, blouses, t-shirts, and clothing for the beach.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013