Check out some available loans that are similar to this one!
Mi Futuro  (Bahía De Caraquez) Group
In this Group: Gladys Dolores, Ana Mercedes, María Gabriela, Claudia Patricia, Juana Jazmin, Julia Vicenta, Luis Muguel, María Del Carmen, María Auxiliadora, Jennifer Janet, José Rafael, Modesta Benedicta, Rebeca Estefania*
* not pictured
The beautiful city of Bahía de Caraquez is known for its beaches, its delicious food, and the warmth of its people. Every 15 days, the members of the Communal Bank “Mi Futuro” (My Future) get together. This group consists of 11 women and 2 men who decided to join together so that they could access loans offered by Fundación ESPOIR in hopes of improving their businesses.

One of the members is Sra. Gladys. She is 48 years old, separated from her spouse, and has three grown children. One of her children still lives at home and is studying at the university.

After she separated from her husband, Doña Gladys looked for ways to get ahead and help her children who were still living with her at the time. She was able to open a small food store in her home where she passed the time every day. With the help of the loans she has received from Fundación ESPOIR, she has been able to improve. At first she began selling groceries, but now she also sells meat, fish, bazaar products, and stationery. In addition, she offers frozen treats in order to earn extra income. Gladys works every day from 6:00 A.M. to 7:00 P.M. Her son helps out whenever he can, but she is the one who is always at the business. Gladys has been managing her store for three years and it allows her to move forward without having to depend on anyone.

Her loan will be used to buy more groceries to provide more stock for her store. Gladys has been with the Communal Bank from the beginning and currently serves as its president. She enjoys the help that she and the other group members have received.

Her dream is to have a much larger store.
View original language description ↓
En la hermosa ciudad de Bahía De Caraquez, conocida por sus playas, por su rica gastronomía y por la calidez de su gente, cada quine días se reúnen las socias del Banco Comunal Mi Futuro, grupo conformado por 11 mujeres y 2 hombre que decidieron unirse para así acceder a los créditos que ofrece la institución y con lo cual esperan mejorar sus negocios.

Una de las socias de este grupo es la señora Gladys, tiene 48 años, es separa pero de aquella relación tiene tres hijos mayores de edad, uno de ellos aún vive en su casa y estudia en la universidad.

Doña Gladys después de que separo de su marido tuvo que ver cómo salía adelante y como ayudaba a sus hijos que en esos días vivían con ella, como pudo surtió una pequeña tienda de víveres en su casa la misma que con el paso de los días y ahora con la ayuda de los créditos que ha recibido de la institución ah mejorado, empezó vendiendo solo víveres y hoy en día además de víveres vende carnes, pescado, artículos de bazar y papelería, además de helados lo cual le deja ingresos extras, trabaja todos los días desde las 6h00 hasta las 19h00 y su hijo le ayuda cuándo puede aunque es ella la que siempre pasa en su negocio, ya son tres años que tiene su despensa la misma que le permite salir adelante por si misma sin depender de nadie.

Este crédito lo va a emplear en comprar más víveres para surtir aun más su tienda. Está en el Banco Comunal desde el inicio, es la presidenta del mismo y le gusta por la ayuda que le dan tanto a ella como al grupo.

Su sueño es tener una tienda mucho más grande.

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

  • $10,600
    Average annual income
  • 53
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mi Futuro (Bahía De Caraquez) Group's $6,000 loan helped a member to buy groceries to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Aug 31, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014