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María José  (Portoviejo) Group
In this Group: Mercedes Catalina Del Consuelo, Verónica Janeth, Carmen Narciza, Carmen Marysela*, Martha Yesenia, Ines Candelaria, Wendy Lizbeth*, Dolores Nelicita, Dgini Vicenta, Olga Patricia, María Auxiliadora, Lucelina Asuncion
* not pictured
The María José community bank is made up of 12 women who decided to get together a while ago to create the bank, which has helped them a lot. They meet every fortnight in the Picoaza parish in the city of Portoviejo, an area which is known for being a business district as well as hosting the traditional festivals of San Pedro and San Pablo, but most of all the city is used for informal commerce.

Martha is one of the group members. She is 35 years old, married and has two children with her husband who are 17 and 8. The older one is in high school and the younger one goes to primary school. Her husband is a business man.

Seeing that her husband was not earning much in agriculture, Martha gathered all her savings and with the help of a loan she received from the community bank she began a business selling school supplies and stationery from her home. Her business is going very well as her home is very close to the high school so she has guaranteed sales. A little while ago she began selling fish ceviche and some lollies which have increased her earnings. Thanks to the loans that she has received she has now been running this business for six years, which has helped her to keep moving forward and improve her life.

This loan will go towards buying school supplies and groceries to prepare meals. She has been with the community bank since its inception and she likes it because she was able to start her business with a loan she received from them.

Her goal is to continue to improve her business.
View original language description ↓
El Banco Comunal María José está formado por 12 mujeres que tiempo atrás decidieron unirse y formar este banco el cual les ha ayudado mucho, ellas se reúne cada quince días en la parroquia Picoaza de la ciudad de Portoviejo. Lugar conocido por ser una zona muy comercial, por sus fiestas tradicionales de San Pedro y San Pablo, se dedican en su mayoría al comercio informal.

Una de las socias de este grupo es la señora Martha, tiene 35 años de edad, está casada y de esta relación tienen dos hijos de 17 y 8 años, la mayor estudian en colegio y el menor en escuela. Su esposo se dedica al comercio.

Doña Martha al ver que su esposo no gana mucho en la agricultura recogió todos sus ahorros que tenia y con ayuda de uno de los créditos que recibió del banco comunal empezó un negocio de venta de útiles escolares y papelería en su casa, su negocio es muy bueno ya que su casa queda muy cerca de un colegio y con esto sus ventas son muy garantizadas, hace poco también empezó con un negocio de venta de ceviches de pescado y ciertas golosinas con lo cual sus ganancias han mejorado y esto gracias a los créditos que ha recibido, tiene 6 años con este negocio el cual les ayuda a salir adelante y mejorar su vida.

Este crédito lo va utilizar en comprar útiles escolares y víveres para preparar los alimentos. Está en el Banco Comunal desde el inicio y le gusta porque con uno de los créditos empezó su negocio.

Su meta es seguir mejorando sus negocios.

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
  • 33
    View loans »
    Ecuador Loans Fundraising
  • $23,467,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of María José (Portoviejo) Group's $6,300 loan helped a member to buy school supplies and groceries.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Sep 15, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014