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La Fortuna  (Portoviejo) Group
In this Group: María Guadalupe, Marjorie Geoconda, Dolores Mercedes, Jennifer Lissette, Carmen Johanna, Jenniffer Asuncion, Genessis Juliana, María Dolores, Juan Pablo, Angela Elizabeth, Carlos Alberto
The communal bank LA FORTUNA meets every 15 days in the Picoaza Parish in the city of Portoviejo which is known for being a very commercial place. The group is comprised of nine women and two men who have been receiving loans which have greatly improved their business and quality of life. Most of them are informal merchants.

One of the members of the group is Ángela, 33, who is married and has three children, ages 7, 4 and just six months. The eldest goes to school. Her husband is a merchant.

Ángela also works as a merchant and, while her husband travels to other cities, she stays in her area selling sheets, comforters, window shades, towels, etc. Her husband sells the same things but in other cities. This is how the two of them earn an income in a difficult economic situation so they can do all they can for their children's future. She also sells from home when she receives the visit of some of her better-known customers.

This loan will be used to buy more merchandise such as sheets, comforters, window shades, towels to be sold by Ángela and her husband. This is her second loan cycle with the communal bank which she likes because of how helpful the loans are.

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

The small photo is of one of the members who could not be present for the group photo.
View original language description ↓
El Banco Comunal La Fortuna se reúne cada quince días en la parroquia Picoaza de la ciudad de Portoviejo. Lugar conocido por ser una zona muy comercial, este es un grupo formado por 9 mujeres y 2 hombres que hace tiempo atrás vienen recibiendo los créditos los mismos que les han ayudado mucho para mejorar sus negocios y su calidad de vida, la mayoría se dedica al comercio informal.

Una de las socias de este grupo es la señora Ángela, tiene 33 años de edad, está casada y de esta relación tienen tres hijos de 7 y 4 años y el menor de solo 6 meses de nacido, el mayor estudia en escuela. Su esposo es comerciante.

Doña Ángela al igual que su marido también se dedica al comercio informal, mientras él se desplaza a otras ciudades ella se dedica a recorrer por su zona y parte de la ciudad vendiendo sabanas, edredones, toldos, toallas entre otras cosas, su esposo también vende lo mismo pero en otras ciudades, es así como ellos pueden salir adelante trabajando los dos ya que la situación económica es muy dura y ellos hacen lo posible para que sus hijos tengan un mejor porvenir, ella además de salir a recorrer también vende en su casa hasta donde llegan sus clientes más conocidos.

Este crédito lo va emplear en comprar más mercadería como sabanas, edredones, toldos, toallas entre otras cosas que venden ella y su marido. Este es su segundo ciclo en el Banco Comunal y le gusta por la ayuda que le dan con los créditos.

Su sueño es darles lo mejor a sus hijos.

La foto pequeña es de un socio 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

  • $10,600
    Average annual income
  • 58
    View loans »
    Ecuador Loans Fundraising
  • $24,312,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of La Fortuna (Portoviejo) Group's $4,700 loan helped a member to buy sheets, comforters, window shades, towels, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Sep 10, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014