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Estrellas Del Paraiso  (Manta) Group
In this Group: María Aracely, Jessica Karina, María Verónica, Janeth Elizabeth, Gabriela Margarita, Gladys Concepción, Edison Fernando*, Marisol Monserrate, Rosa Nelly, Washington Gabriel, Santos Ceferino, Evelyn Brigitte, Carlos Willy, Mayra Alejandra
* not pictured
Estrellas del Paraíso Communal Bank meets every two weeks in the El Paraíso neighborhood in the city of Manta. The city's known for its beautiful beaches that are visited year round, for being an incomparably beautiful city, and for its tourist attractions.

This group is made up of ten women and four men who decided to get together and start a communal bank. It's going to help them a lot because they're going to improve their small businesses with the loans. The earn a living with a variety of jobs, including general sales, food sales, and services.

Aracely, 35, is one of the members of this group. She's in a common-law relationship from which she has four children, ages 18, 16, 14, and 6, all of whom are college, high school, or elementary school. Her husband is a fisherman.

Aracely wants to earn money on her own so she can get ahead in the household. She earns a living selling all types of clothing. She sells door-to-door as well as at home, where her customers visit her. She works when she's not busy. She leaves clothing with her customers on credit and charges every two weeks. She has been doing this job for three years and it helps her family get ahead.

She's going to use this loan to buy more merchandise: pants, blouses, t-shirts, and other garments.

This is Aracely's first loan cycle with the communal bank and she likes it because of the help she gets with the loans. Her dream is to give her children the best.
View original language description ↓
El Grupo De Crédito Estrellas Del Paraíso se reúne cada 15 días en el barrio El Paraíso 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 10 mujeres y 4 hombres que decidieron unirse y formar este Grupo De Crédito que les va a servir mucho ya que con los créditos van a mejorar sus pequeños negocios que tienen. 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 Aracely, tiene 35 años de edad, mantiene una relación de unión libre y de esta relación tienen 4 hijos de 18, 16, 14 y 6 años, todos estudia en universidad, colegio y escuela. Su esposo es pescador.
Doña Aracely con la intención de ganar algo por su cuenta para poder salir adelante en el hogar se dedica a la venta de ropa de todo tipo, su forma de venta es puerta a puerta y también vende en su casa hasta donde llegan sus clientes. Trabaja por ratos cuando está desocupada, ella deja a crédito a sus clientes y cobra cada quince días. Tiene 3 años que se dedica a esta actividad con la cual ayuda a su familia a salir adelante.
Este crédito lo va emplear en comprar más mercadería como: pantalones, blusas, camisetas, entre otras prendas. Este es su primer ciclo en el Grupo De Crédito y le gusta por la ayuda que le dan con los créditos. Sus sueños son 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
  • 21
    View loans »
    Ecuador Loans Fundraising
  • $22,604,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Estrellas Del Paraiso (Manta) Group's $6,125 loan helped a member to buy pants, blouses, t-shirts, and other garments.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2014
Listed
Apr 28, 2014
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014