Check out some available loans that are similar to this one!
Las Pampas  (Montecristi) Group
In this Group: Angela Eulalia, Narcisa Monserrate, Norma Isabel, Jacqueline Maricela , Deyse Isabel, Erika Alexandra, José Jimmy, Mercedes Teodolinda, Angel Fortunato, Eliana Liseth, Mercedes Isabel, Efren Alexander
The communal bank "Las Pampas" meets every 15 days in Montecristi, a place known for its rich pre-colonial culture and handicrafts, renowned both nationally and internationally. The area is also known for its famous Panama hats.

The group is comprised of nine women and three men who decided to join together to form a loan group which has helped the improve their lifestyles and businesses. Most of the members are involved in craft work, especially items made of straw, and one member works in commerce in general.

One of the members of the group is Mercedes Isabel, 28, who married very young and has seven children, ages 14, 13, 10, 8, 5 and 3, as well as a 10-month old baby. The eldest five attend school. Her husband is a farmer.

Mercedes Isabel is an artisan who makes and sells Panama hats. She works every day and enjoys her profession because it allows her to continue a long-standing tradition. Her hats are admired in many parts of Ecuador and the rest of the world. She learned her craft from her parents and she also teaches it to her own children so they can help with her work. Once the hats are made she sells them to traders who come to the city to buy crafts to sell in other locations. Thanks to the profits she earns her children are able to study, since her husband's salary is not enough to cover everything.

This loan will be used to buy straw to make the hats. Mercedes Isabel has been in the loan group since its beginnings and she likes the support she receives toward getting ahead.

Her goal is to give her children the best she can.

The smaller photographs are of the members who could not be present for the group photo.
View original language description ↓
EL Banco Comunal Las Pampas 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 9 mujeres y 3 hombres que decidieron unirse y formar este grupo de crédito que les ha servido de mucho ya que con los créditos han podido mejorar su nivel de vida y sus negocios, la mayoría de las personas 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 Mercedes Isabel, tiene 28 años, se caso muy joven y de esta relación tiene 7 hijos de 14, 13, 10, 8, 5 y 3 años y un bebé de 10 meses, los 5 mayores estudian en colegio y escuela. El marido es agricultor.

Doña Mercedes Isabel es artesana y se dedica a la elaboración y venta de sombreros de paja toquilla, trabaja todos los días y esta es una profesión que le encanta ya que 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 ella les enseña a sus hijos quienes también le ayudan en esta labor cuando ellos pueden. Los sombreros una vez terminados los venden a comerciantes que llegan a su ciudad a comprar a los artesanos para llevarlos a otras ciudades. Gracias a sus ganancias sus hijos pueden estudiar ya que lo que gana su marido no alcanza para esto.

Este crédito es para comprar paja toquilla para elaborar sus sombreros. Esta desde el inicio en el Grupo De Crédito y le gusta por la ayuda que le dan para salir adelante.

Su sueño es darles lo mejor a sus hijos.

Las fotos pequeñas son de las 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
  • 38
    View loans »
    Ecuador Loans Fundraising
  • $23,094,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Pampas (Montecristi) Group's $5,850 loan helped a member to buy straw.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2013
Listed
Jul 19, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014