Check out other loans that are currently fundraising!
Los Claveles  (Portoviejo) Group
In this Group: Liliana Maribel, Rosa Gissela*, Vicky Michelle, Roxana María, Kathia Alicia*, Howard Isaac*, Angie Katherine, Angela Mercedes, Esther Valeria, Agustina Monserrate, Zunilda De Los Angeles, Yelitza Antonella, Lissette Juliana, Kenia Dayana, Lorena Ateneida, Roxana Rocio
* not pictured
The communal bank Los Claveles [The Carnations] meets every fifteen days in Portoviejo, a beautiful and hospitable city known as the City of Real Tamarinds that has many tourist attractions and an exquisite variety in its gastronomy.

This group is made up of fifteen women and one man who, some time ago, decided to unite themselves in order to receive the help of a bank through loans. They make a living in diverse activities, like in trade, selling food, and also in offering services.

One of the members of this group is Lorena. She is thirty-seven years old, is married, and has two children, ages 12 and 8. They study in high school and in primary school. Her husband works in the city slaughterhouse.

Lorena has a store in her home where she sells supplies, soda, ice-cream, clothing and bazaar items. She works alone every day, although when she needs to go somewhere, her sister helps her at the store; however, this is only occasionally. She has had this business for more than ten years, and this helps her to get ahead since her husband does not make a lot of money and they have a lot of expenses.

This loan is to stock her store with more items; she is going to buy supplies and items for the bazaar. This is her first cycle with the communal bank, and she likes it because the loans are quick and do not have a lot of requirements.

Her dream is to continue growing her business.

The small inserted photo is of a member that could not be present when the group photo was taken.
View original language description ↓
EL Banco Comunal Los Claveles que 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 15 mujeres y 1 hombre los mismos que desde 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 Lorena, tiene 37 años de edad, está casada y de esta relación tiene dos hijos de 12 y 8 años que estudian en colegio y escuela. Su esposo trabaja en el camal municipal.

Doña Lorena tiene una tienda en su casa donde vende víveres, sodas, helados, ropa y artículos de bazar, ella trabaja sola todos los días aunque en ocasiones cuando tiene que salir a algún lugar su hermana le ayuda en su trabajo pero esto es ocasionalmente, lleva más de 10 años con su negocio y esto le sirve para salir adelante ya que su esposo no gana mucho y los gastos son muy grandes.

Este crédito es para surtir aún más su tienda, va a comprar víveres y artículos de bazar. Este es su primer ciclo en el Banco Comunal y le gusta porque los créditos son rápidos y sin tantos requisitos.

Su sueño es seguir aumentando su negocio.

La foto pequeña es de una socia que no pudo estar presente cuando se tomo la foto del grupo.

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
  • 43
    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 Los Claveles (Portoviejo) Group's $6,425 loan helped a member to buy supplies and bazaar items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Apr 2, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013