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Virgen De La Luz  (Manta) Group
In this Group: Marilin Marianela, Isabel Yadira, Ketty Ginger, Elena Rubinstey, Mercedes Monserrate, Dolores Monserrate, Luis Alberto, Ines Narciza, Elena Margarita, Erica Patricia, María Verónica, Genny Jacovita
The "Virgen de la Luz" loan group meets every fortnight in the El Mirador barrio of the city of Manta - a city known for its beautiful beaches which are popular all year round. Known for its unbeatable beauty, Manta has many tourist attractions.

This group of people decided to come together to create a loan group some time ago. The group has been of great help to the members as, with the loans, they have improved their small businesses. The members do different work including running general businesses, selling meals, offering services and other work.

One member of the group is 35-year-old Marilin. She is married and, with her husband, has two children, aged eleven and three years old respectively. The eldest child is in school. Marilin's husband is a labourer.

Marilin is a good housewife and, as well as looking after her husband and children, she makes a living preparing and selling fast food. The last three days of every week, Marilin opens a small restaurant in her house where in the morning she sells shrimp and fish ceviches and in the afternoons and evenings she sells hamburgers, savoury pastries, meats, fish dishes, small cakes and more. Marilin has had the business for ten years and, with it, she is helping to give her family a better future.

Marilin is going to use this loan to buy supplies for preparing her meals, as well as fruit juices, water and fizzy drinks. Marilin has been with the loan group since the beginning and she likes it because she has always been given loans. Marilin's dream is to have a big restaurant.
View original language description ↓
El Grupo De Crédito Virgen De La Luz se reúne cada 15 días en el barrio El Mirador 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 tiempo atrás y formar este Grupo De Crédito que les ha servido de mucho ya que con los créditos han podido mejorar sus pequeños negocios. Ellos se dedican a diversas actividades tales como, comercio en general, venta de comida, servicios, entre otras actividades.
Una de las socias de este grupo es la señora Marilin, tiene 35 años de edad, está casada y de esta relación tienen dos hijos de 11 y 3 años, el mayor estudian en colegio. Su esposo es obrero.
Doña Marilin es una muy buena ama de casa que además de atender a su marido y sus hijos se dedica a la preparación y venta de comidas rápidas, ella los tres últimos días de la semana instala un pequeño local en su casa en el cual en las mañanas vende encebollados y ceviches de pescado y camarón, mientras que en las tardes y noches ella prepara hamburguesas, empanadillas, hornados, corviches, pastelillos entre otros, lleva más de 10 años con su negocio con el cual ayuda a su familia a tener un mejor porvenir.
Este crédito lo va utilizar en comprar víveres para la preparación de los alimentos, jugos, aguas y gaseosas. Esta desde el inicio en el Grupo De Crédito y le gusta por la ayuda que siempre le brindan los créditos Su sueño es tener un gran restaurante.

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
  • 52
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Virgen De La Luz (Manta) Group's $6,100 loan helped a member to buy supplies, fruit juices, water and fizzy drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2013
Listed
Jan 21, 2014
Currency Exchange Loss:
N/A
Ended:
May 17, 2014