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Nueva Kenedy  (Montecristi) Group
In this Group: Jenny Yanet, Lilia Emperatriz, Ana María, Rosana Eduvigues, Martha Annabel, María Brigida De Las Mercedes, María Isabel, Mayra Alejandra, José Luis, Yessenia Del Pilar, Adriana Monserrate, Diana Jackeline
The “Nueva Kennedy” communal bank consists of 11 women and one man who decided some time ago to join together to receive these loans that have helped them much to improve their quality of life. They meet every fifteen days in Montecristi Canton known for its rich pre-colonial culture and for its crafts that are known nationally and internationally; it’s where the famous straw hats come from.

One of the members of this group is Jenny, 34. She’s married and has two children who are 13 and 11 years old. The oldest attends secondary school and the youngest primary school. Her husband works as a lathe operator.

Jenny is a housewife who in order to earn income of her own to help her husband who doesn’t earn much at work sells clothes, shoes and Avon and Yanbal products via catalog (beauty products, cosmetics, perfumery and women’s accessories). Her method of sales is door-to-door and she works two to three hours daily. She sells on credit and collects payments every 8 days. She’s been doing this for five years and helps her husband especially with costs of her children’s education which is most important to her.

This loan is to buy clothes, shoes, perfume, creams and cosmetics. This is her third cycle in the communal bank and she likes it because of the help the loan provide. Her dream is that her children have a good education.
View original language description ↓
EL Banco Comunal Nueva Kennedy es un grupo integrado por 11 mujeres y 1 hombre que tiempo atrás decidieron unirse para recibir estos créditos que les han ayudado mucho para mejorar su calidad de vida, ellos se reúne cada quince días en el Cantón Montecristi, conocido por su rica cultura pre colonial y por su artesanía, que es reconocida a nivel nacional e internacional. Lugar de los famosos sombreros de paja toquilla.
Una de las socias de este grupo es la señora Jenny, tiene 34 años de edad, está casada y de esta relación tienen dos hijos de 13 y 11 años, el mayor estudia en colegio y la menor en escuela. Su esposo trabaja en un torno.
Doña Jenny es una ama de casa que para obtener sus propios recursos y con esto poderle ayudar a su esposo el cual no gana mucho en su trabajo se dedica a la venta de ropa, zapatos y productos por catalogo de Avon, Yanbal (productos de belleza, cosméticos, perfumería y accesorios para damas). Su forma de venta es puerta a puerta, ella trabaja de dos a tres horas al día, deja sus productos a crédito y cobra cada ocho días. Tiene 5 años que se dedica a esta actividad con la cual le ayuda a su marido sobretodo con los gastos de estudios de sus hijos ya que eso es lo más importante para ella.
Este crédito es para comprar ropa, zapatos, perfumes, cremas y cosméticos. Este es el tercer ciclo en el Banco Comunal y le gusta por la ayuda que le brindan los créditos. Sus sueños son que sus hijos tengan una buena educación.

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.

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About Ecuador

  • $10,600
    Average annual income
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $24,187,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Kenedy (Montecristi) Group's $6,225 loan helped a member to buy clothes, shoes, perfume, creams and cosmetics.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2013
Listed
Oct 24, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014