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Avancemos Seguros  (Portoviejo) Group
In this Group: Mónica Libeth, María Gabriela, Alexandra Katherine, Miriam Alexandra, Lennis María, Jessenia Elizabeth, Genessis Cecibel*, Karla Lisseth, Frank Andres, Marcos Fabian, Gema María
* not pictured
In the parish of San Pablo in the city of Portoviejo, the 11 members (nine females and two males) of the communal bank group Avancemos Seguros (we advance surely) get together every other week. These members run various businesses in sales, services, and other things. The members of this group are very humble but hardworking people who are fighting to help their families get ahead.

One of the group members is Monica. She is 20 years old and in a civil marriage, from which she has a 2-year-old daughter. Her husband is an artisan. Monica studying auditing in a university in the city. Monica also sells clothing door-to-door in order to earn money and get ahead. She even sells clothing in the university where she studies. Monica works every day without a set schedule, but whenever she has time. She allows her customers to buy items on credit and she collects payments every two weeks. Monica buys her merchandise in Guayaquil or Manta every two weeks or month, depending on when she needs it. She has been working in this business for three years and it has gone very well for her.

Monica will use this loan to buy more merchandise such as pants, blouses, t-shirts, and children's clothing. She has been a member of this communal bank group since its beginning and she likes it because it is united and trustworthy. Monica's dream is to finish her university studies and find a good job.
View original language description ↓
En la parroquia San Pablo de la ciudad de Portoviejo se reúnen cada quince días las 9 socias y los 2 socios del Banco Comunal Avancemos Seguros. Los mismos que se dedican a diversas actividades tales como comercio en general, servicios, entre otras cosas. Los integrantes de este banco comunal son personas muy humildes pero trabajadoras que con su esfuerzo esperan sacar adelante a sus familias.

Una de las socias de este grupo es la señora Mónica, tiene 20 años de edad, mantiene una relación de unión libre de la cual tiene una niña de 2 años. Su marido es artesano. Ella estudia Auditoria en una Universidad de la ciudad.

Doña Mónica con la intención de ganar algo por su cuenta y con esto poder salir adelante se dedica a la venta de ropa de todo tipo, su forma de venta es puerta a puerta y también vende en la universidad donde ella estudia. Trabaja todos los días y a cualquier hora ya que no tiene un horario fijo sino cuando ella puede, deja a crédito a sus clientes y cobra cada quince días. Su mercadería la va a comprar a Guayaquil o a Manta cada quince días o al mes de acuerdo a lo que necesite. Tiene más de 3 años que se dedica a esta actividad y le va muy bien.

Este crédito lo va emplear en comprar más mercadería como: pantalones, blusas, camisetas y ropa de niños. Está en el Banco Comunal desde el inicio y le gusta porque el grupo es unido y confiable.

Su sueño es terminar su carrera universitaria para conseguir un buen trabajo.

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.

Tags

About Ecuador

  • $10,200
    Average annual income
  • 13
    View loans »
    Ecuador Loans Fundraising
  • $22,545,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Avancemos Seguros (Portoviejo) Group's $6,450 loan helped a member to buy pants, blouses, t-shirts, and children's clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jun 29, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013