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Socias En Progreso  (Portoviejo) Group
In this Group: Narciza Jessenia, Jacqueline Elizabeth, Diana Elizabeth, Mercedes María, Rosa María, Divina Dolores, Ninfa Janeth, Dexida Rosalia, Eddy Paul, Flor María, Barbara Narciza*, Deisy Beatriz
* not pictured
Every two weeks, the 11 women and one man who are members of the communal bank "Grupo De Crédito Socias En Progreso" meet in San Cristóbal, Portoviejo. They are merchants and service providers who, a while back, decided to form a group to apply for the loans offered by Fundación Espoir.

Jacqueline, 41, belongs to the group, is married, and has three children from the marriage. Her two older children are in college; her thirteen-year-old is in high school; and her husband works in an auto repair shop.

Jacqueline learned dressmaking in a local school some years ago and has a dressmaking shop in her house, where she makes all kinds of garments. She works every day from 8:00 a.m. until 9 or 10:00 p.m., depending on how much work her customers bring. She pays another woman a monthly salary, and they make local school and institutional uniforms and clothing for individuals. Jacqueline has been doing this work for more than 20 years, and she most enjoys making women's and girl's clothing.

This loan is to buy fabric, thread, buttons, and other materials to make garments. She was one of the first members of the communal bank and welcomes the funding. She dreams of giving her children the best and of having a larger workshop.
View original language description ↓
En la ciudadela San Cristóbal de la ciudad de Portoviejo se reúnen cada quince días las 11 socias y 1 socio del Grupo De Crédito Socias En Progreso. Las mismas que se dedican a diversas actividades tales como comercio en general, prestación de servicios entre otras actividades. Ellas hace tiempo atrás decidieron unirse para poder acceder a los créditos que brinda La Fundación Espoir.

Una de las socias de este grupo es la señora Jacqueline, tiene 41 años de edad, está casada y de esta relación tiene tres hijos, dos mayores de edad y el menor de 13 años, los dos mayores estudian en universidad y el menor en colegio. El marido trabaja en un centro comercial cuidando carros.

Doña Jacqueline aprendió corte y confección hace varios años en una academia de la ciudad, ella tiene un taller de costura en su casa en el cual confecciona todo tipo de prendas, trabaja todos los días desde las 8h00 hasta las 21h00 o 22h00, dependiendo del trabajo que tenga que entregar, con ella trabaja una señora a quien le paga un sueldo mensual, ella confecciona ropa a instituciones y colegios de la localidad pero también a personas particulares que llegan hasta su taller, lleva más de 20 años dedicada a esta actividad y lo que más le gusta hacer es ropa de niñas y de damas.

Este crédito es para comprar telas, hilos, botones y otros materiales útiles para elaborar sus prendas. Esta desde el inicio en el Banco Comunal y le gusta por la ayuda que le brindan los créditos.
Sus sueños son darles lo mejor a sus hijos y tener un taller 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

  • $10,200
    Average annual income
  • 34
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Socias En Progreso (Portoviejo) Group's $6,175 loan helped a member to buy fabric, thread, buttons, and other sewing materials.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2013
Listed
Sep 5, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014