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San Ignacio  De Colón  (Portoviejo) Group
In this Group: Laura Felicidad, Orlanda Monserrate, Dolores Monserrate, Miriam Monserrate, Juana Leonor, Mariuxi Amparo, Alba Esperanza, Francisca Tenesilda*, Susy Janina, Viviana Carolina, José Ricardo*, Ruth Elizabeth
* not pictured
The 11 female members and one male member of the San Ignacio De Colon communal bank meet in the area known as Los Ángeles in the Colon parish of the city of Portoviejo every 15 days. They work at different business activities like farming, general commerce, and providing services, among other things. Some time ago they decided to unite and form this communal bank, which has helped a lot in their businesses and family life.

Laura, age 40, is one of the members of this group. She is in a common-law marriage, and she has two children, ages 12 and 10. The children attend primary and secondary school. Her husband is a subcontractor, and he works repairing water pipes.

Laura is an very enterprising woman who likes to earn her own income with which she helps her husband pay the household expenses, especially the children’s educational expenses. She has a very diverse business in her house. She sells medicine, household products, and stationery items. She is also an artisan. She makes arrangements in different designs and shapes to decorate floats. She makes typical clothing from recyclable material. This leaves her with good earnings because she has a lot of contracts with institutions or private people who know about the good work that she does. She has been involved with her business activities for over nine years. She loves what she does.

This loan it to buy school supplies, which is what she currently needs the most now in order to stock her business. She has been in the communal bank since it started. She likes it because of the loans. These help her in her business.

Her dreams are to improve every day and to give her children the best.

The small photo is of a member who was not able to be present when the group photo was taken.
View original language description ↓
En el sector conocido como Los Ángeles en la parroquia Colon de la ciudad de Portoviejo se reúnen cada quince días las 11 socias y 1 socio del Banco Comunal San Ignacio De Colon. Las mismas que se dedican a diversas actividades tales como la agricultura, al comercio en general, la prestación de servicios entre otras cosas. Ellas hace tiempo atrás decidieron unirse y formar este grupo de crédito el cual les ha ayudado mucho en sus negocios y su vida familiar.

Una de las socias de este grupo es la señora Laura, tiene 40 años de edad y mantiene una relación de unión libre de la cual tiene dos hijos de 12 y de 10 años que estudian en colegio y escuela. El marido es subcontratista en reparaciones de tuberías de agua.

Doña Laura es una mujer muy emprendedora que le gusta ganar su propios ingresos y con estos ayudar a su esposo a solventar los gastos del hogar y en especial los gastos de estudios de sus hijos, ella tiene un negocio muy variado en un local en su casa, allí vende medicinas, productos de bazar y papelería, además de esto ella es artesana, realiza arreglos en carros alegóricos en diversidad de detalles y formas, hace trajes típicos hechos en material reciclable. Esto le deja muy buenos ingresos ya que tiene muchos contratos de instituciones o personas particulares que saben del buen trabajo que realiza, ella lleva con sus actividades más de 9 años y le encanta lo que hace.

Este crédito es para comprar útiles escolares que es lo que más necesita actualmente para surtir su negocio. Esta desde el inicio en el Banco Comunal y le gusta por los créditos ya que estos le ayudan en su negocio.

Sus sueños son mejorar cada día y darles lo mejor a sus hijos.

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
  • 35
    View loans »
    Ecuador Loans Fundraising
  • $23,432,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of San Ignacio De Colón (Portoviejo) Group's $6,425 loan helped a member to buy school supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2013
Listed
Aug 14, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014