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Las Palmitas  (Montecristi) Group
In this Group: Aracely Martina, María Lucciola, Ana Cecilia, Alexandra Cecilia*, Silvia Leonor, Johanna Aracely, María Auxiliadora, María Ines, Mireya Alexandra, Jessenia Katiuska, Manuel Adalberto, Stalin Rolando*
* not pictured
The Communal Bank “Las Palmitas” (The Little Palms) meets every 15 days in the canton of Montecristi, which is known for its rich pre-colonial culture. The handicrafts that are produced there have been recognized on a national and international level. This place is also known for its famous Panama hats.


This group includes ten women and two men who decided to join together some time ago to form a Communal Bank. As a result, the loans they have received have helped to improve their standard of living. Most of the members of the Communal Bank are artisans who make crafts out of straw. One of the other members is in the retail trade.


One member of this group is Sra. Mireya. She is 21 years old, married, and has a three-year-old daughter. Her husband is an artisan. Like most of the people from this area, Doña Mireya and her husband make and sell Panama hats, which they do every day. She enjoys her work and it is a tradition that has continued for many years. The Panama hats are admired in many parts of Ecuador and throughout the world. Mireya learned this profession from her parents and grandparents. She has been in this line of work for five years and it has helped her move forward. The semi-finished hats that she produces are delivered to Montecristi, where the necessary final touches are added before they are sold to the public. Mireya’s loan will be used to buy straw for making the Panama hats. This is her second loan cycle with the Communal Bank and she enjoys the assistance that Fundación ESPOIR has provided. Her dream is to provide the best for her daughter.


The smaller photo shows two members who were not present at the time the main group photo was taken.

View original language description ↓
EL Banco Comunal Las Palmitas se reúne cada quince días en el 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 10 mujeres y 2 hombres que hace tiempo atrás decidieron unirse y formar este Banco Comunal que les ha servido de mucho ya que con los créditos han podido mejorar su nivel de vida, la mayoría de las personas que integran este banco se dedican a realizar trabajos de artesanía más que todo productos de paja toquilla y también uno que otro al comercio en general.

Una de las socias de este grupo es la señora Mireya, tiene 21 años de edad, está casada y de esta relación tiene una niña de 3 años de edad. El marido es artesano.

Doña Mireya como la mayoría de personas del lugar junto a su esposo se dedica a la elaboración y venta de sombreros de paja toquilla para lo cual trabajan todos los días, esta es una profesión que le encanta ya que sus obras además de continuar con una tradición de muchos años también sus sombreros son admirados en muchas partes del Ecuador y del mundo, aprendió esta profesión de sus padres y estos de sus abuelos, lleva como 5 años que se dedican a esta actividad con la cual salen adelante. Los sombreros una vez semi terminados los entregan en Montecristi lugar donde les dan el acabado necesario para venderlos al público.

Este crédito es para comprar paja toquilla para elaborar los sombreros. Para ella este es el segundo ciclo en el banco Comunal le gusta por la ayuda que les brinda la institución.

Su sueño es darles lo mejor a su hija.

La foto pequeña es de dos socias que no pudieron estar presentes 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
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Palmitas (Montecristi) Group's $5,600 loan helped a member to buy straw for making Panama hats.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2013
Listed
May 25, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 21, 2013