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Flavio Alfaro (Montecristi) Group
In this Group: Janeth Elizabeth, Maryori Jakeline, Tatiana Monserrate, María Josefina*, Alba Monserrate, Luz Cristina, Juan Carlos, Jenifer Antonella, Ayda Soraya, Zully Melissa*, Josefa Maribel, Sigifredo Erasmo
* not pictured
The Flavio Alfaro communal bank meets every two weeks in Montecristi, a town known for its rich precolonial culture, for its nationally and internationally famous handicrafts, and for its toquilla straw hats. The communal bank comprises 10 women and two men. They are modest, hardworking people who together decided to form this group when they heard about the benefits the institution offered that would help them get ahead. The members have a variety of activities such as making handicrafts and running businesses.

Maryuri, 40, belongs to the group and is married. She and her husband have four children, ages 20, 18, 17, and13, who live at home, though two of them are in high school. Her husband is a cabinetmaker. Maryuri works hard at her business to help her husband support their family. She goes door-to-door selling many kinds of clothing whenever she is free. She offers credit and collects every week from her customers. She started this business with her first loan. She has excellent, responsible customers, and she earns a good income that pays for her younger children's education.

She will use this loan to buy a variety of clothing. This is the group's second loan cycle, and the members are pleased to be able to continue running their businesses. Maryuri dreams of giving her children the best she can.
View original language description ↓
EL Grupo De Crédito Flavio Alfaro se reúne cada quince días en 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.
Este Banco Comunal está integrado por 10 mujeres y 2 hombres, son personas muy humildes y trabajadoras que al enterarse de los beneficios que les brinda la institución decidieron unirse y formar este grupo el cual les va a servir de mucho para salir adelante. Se dedican a diversas actividades tales como la artesanía, comercio en general, entre otras actividades.
Una de las socias de este grupo es la señora Maryuri,tiene 40 años de edad, está casada y de esa relación tiene 4 hijos de 20, 18, 17 y 13 años de edad, todos aun viven en su casa y dos de ellos estudian en colegio. Su esposo es ebanista.
Doña Maryuri es una mujer muy luchadora que se dedica al comercio con la finalidad de ayudar a su marido en la dura tarea de sacar adelante a su familia, ella vende ropa de topo tipo y su forma de venta es puerta a puerta, ella sale en los momentos que está desocupada a vender y a cobrar ya que deja a crédito y cobra por semanas, este negocio lo empezó con el primer crédito que recibió y su clientela es muy buena y cumplida lo cual le permite ganar sus recursos de muy buena forma y utilizarlos en los estudios de sus hijos menores.
Este crédito es para comprar ropa de todo tipo. Este es su segundo ciclo en el Grupo De Crédito y le gusta porque puede sacar adelante su negocio. Su sueño es darles lo mejor a sus hijos.

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
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,837,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Flavio Alfaro (Montecristi) Group's $4,750 loan helped a member to buy clothing.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2013
Listed
Dec 10, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014