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La Cantera  (Portoviejo) Group
In this Group: María Lucila*, Olinda Rosalia, Mayda Fabiola, Floricenda Del Rocio, Mabel Yadira, Lucia Margarita, Rosana Del Rocio, Mayuri Vanesa, Yenny Elizabeth, Lucia Gema , Liliana Elizabeth, Beatriz Aracely
* not pictured
The members of the La Cantera communal bank, situated in the area known as El Cady in the parish of Colon, city of Potoviejo, meet up every fortnight. The women earn a living in various ways such as agriculture and general commerce. The group of 12 women joined forces so they could have access to the loans provided by the Fundación Espoir and use them to carry on improving their quality of life.

One of the women in this group is Floricenda, who is 45 years old. She is married with 3 children, 2 of whom are adults and one is 17 years old. Two of them still live with their parents and are studying at college and university. Her husband is employed by a private firm.

Floricenda likes to make her own way in life and as a result of her work she is able to cover the costs of her children's studies. She sells products from Yanbal and Esika (perfumes, creams, make-up and accessories for men and women). She sells door-to-door and also sells from home to people she knows. She supplies her products on credit and collects payments every week. She has been doing this for more than 2 years and it has gone well.

This loan is to buy perfumes, creams, accessories and cosmetics. She has been in the communal bank since the beginning and likes it because of the support the bank has given them.

Her dream is for her children to become professionals.

The small photo is of one of the members who could not be present when the group photo was taken.
View original language description ↓
En el sector conocido como El Cady en la parroquia Colon de la ciudad de Portoviejo se reúnen cada quince días las socias del Banco Comunal La Cantera. Las mismas que se dedican a diversas actividades tales como la agricultura y al comercio en general. Este es un grupo de 12 mujeres que unieron sus esfuerzos para poder acceder a los beneficios que presta la Fundación Espoir y con estos créditos ir mejorando su calidad de vida.

Una de las socias de este grupo es la señora Floricenda, tiene 45 años de edad, está casada y fruto de esta relación tiene tres hijos, dos mayores de edad y uno de 17 años, dos de ellos aun viven con ellos y estudian en universidad y colegio. Su esposo es empleado privado.

Doña Floricenda es una mujer que le gusta valerse por sus propios medios y con el fruto de su trabajo poder solventar los gastos que generan sus estudios de sus hijos, ella se dedica a la venta de productos de Yanbal y Esika (perfumes, cremas, maquillajes y accesorios de damas y caballeros), su forma de venta es puerta a puerta y también vende en su casa a sus conocidos, ella deja sus productos a crédito y cobra cada ocho días, lleva más de dos años con este negocio y le ha ido muy bien.

Este crédito es para comprar perfumes, cremas, accesorios y cosméticos. Esta desde el inicio en el Banco Comunal y le gusta por la ayuda que les ha dado el Banco.

Su sueño es que sus hijos sean profesionales.

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
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $23,419,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of La Cantera (Portoviejo) Group's $5,850 loan helped a member to buy perfumes, creams, accessories and cosmetics.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2013
Listed
Aug 8, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014