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23 De Septiembre  (Manta) Group
In this Group: Nancy Magdalena, María Cristina, Gabriela Jacqueline, Belgica Marlene, Jessica Beatriz, Narciza De Jesús, Luver Cristobal*, Narciza De Jesús, Fatima Monserrate, Denys Jazmin, Carmen Virginia, Herlinda Magaly*, Manuel Victoriano
* not pictured
Credit Group 23 de Septiembre (September 23) meets every 15 days in Las Cumbres in the city of Manta. The city is known for its beautiful beaches which people go to year-round, and also for its unparalleled beauty and many tourist attractions. These people decided to get together some time ago and formed this credit group which has been very helpful in growing their businesses. They do various kinds of work but almost all engage in informal commerce.

Manuel is a member of this group. He is 61 years old, divorced but has six grown children from that relationship. One of his children lives with him together with his family. As he is engaged, his fiancee her small children live with them. Manuel has worked all his life so that his family would not lack for anything. He sells fish and has a rented stand in a local market where he has worked every day for more than 30 years. He opens his stall at the crack of dawn to take delivery from his vendors of the best fish. He then sells to his customers. He mostly sells fish by the pound such as bicuda, albacore tuna, bonito, and others. His customers prefer to buy from him because his fish is fresh and he weighs it correctly.

This loan is to buy fish. This is his first cycle and he hopes it will help his business. His daughter-in-law brought him to the group as she has been with them longer. His dreams are to have his own stall so he won't have to pay rent.
View original language description ↓
El Grupo Da Crédito 23 De Septiembre se reúne cada 15 días en Las Cumbres en la ciudad de Manta, ciudad conocida por sus hermosas playas que son muy visitadas en toda época del año y por ser una ciudad con una belleza sin igual con muchos atractivos turísticos.
Este es un grupo de personas que decidieron unirse hace un tiempo atrás y formar este Grupo de Crédito el cual les ha servido de mucho para aumentar sus negocios. Ellos se dedican a diversas actividades pero en su mayoría al comercio informal.
Don Manuel es socio de este grupo, tiene 61 años de edad, está divorciado pero de esa relación tiene seis hijos mayores de edad, uno de sus hijos vive con él junto a su familia ya que el está comprometido y vive con la mujer y sus hijos pequeños.
Toda la vida el señor Manuel se ha dedicado a trabajar para que a su familia nunca le faltara nada, el se dedica a la venta de pescado, tiene un local arrendado en un mercado local en el cual trabaja todos los días desde hace más de 30 años, muy de madrugada el abre su local para recibir el mejor pescado que le llevan sus proveedores para luego vender a sus clientes, lo que más vende es el pescado por libras de picudo, albacora, bonito entre otros, sus clientes lo prefieren por que les despacha el pescado fresco y con el peso correcto.
Este crédito es para comprar pescado. Este es su primer ciclo y espera que el crédito le ayude en su negocio, a él lo trajo su nuera que ya lleva más tiempo en el grupo, sus sueños son tener un local propio para no pagar arriendo.

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
  • 53
    View loans »
    Ecuador Loans Fundraising
  • $23,490,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 23 De Septiembre (Manta) Group's $6,575 loan helped a member to buy fish.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2013
Listed
Dec 28, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014