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Piedad Santana  (Montecristi) Group
In this Group: Elena Jacqueline, Consuelo Isabel, Stefania Pilar , Mercedes Maribel, Bella Pascuala, Mary Consuelo, Jubenil Antonio, Paula Hortencia*, Yuly María, Carlos Milyton, María Annabel, Nelby Janeth, Mirna Narcisa
* not pictured
The “Piedad Santana” communal bank meets every fortnight in Montecristi Canton, famous for it's rich pre-colonial culture and it's handicrafts which are recognized nationally and internationally. This is the home of the famous Panama hat. The group is composed of 11 women and 2 men who decided to get together to form a communal bank. This has helped them a lot as with the loans they have been able to improve their small businesses and their living standard. They are very modest people who live on the little they make from their businesses. They have different activities in commerce, service and selling food.

One of the members is Antonio who is 55 years old. He is divorced and has 4 children from this relationship. Two of them still live with their mother. Antonio is very hard-working who always likes to get ahead with his effort. He is a carpenter and buys and sells recyclable materials. He goes out every morning on his tricycle through the city collecting and buying cardboard, metal, cans, bottles, car batteries and any material that can be recycled. When he has a good quantity of these materials he takes them to a local recycler who buys them at a good price. So he makes his living in an honorable manner and can send money so that his children have food.

The loan will be used to buy cardboard, metal, cans, bottles and all types of recyclables. He has been in the communal bank for two cycles and likes the support he gets from the loans. His dream is to have a vehicle to do his business.
View original language description ↓
El Grupo De Crédito Piedad Santana se reúne cada quince días en 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.
Este es un grupo de 11 mujeres y 2 hombres que decidieron unirse tiempo atrás y formar este Grupo De Crédito que les ayudado de mucho ya que con los créditos ellos han podido mejorar sus pequeños negocios y su calidad de vida ya que son gente muy humilde que vive de lo poco que ganan en sus actividades. Se dedican a diversas actividades tales como comercio, servicios o venta de comidas.
Uno de los socios de este grupo es don Antonio, tiene 55 años de edad, está divorciado y de esta relación tiene cuatro hijos mayores de edad, dos de ellos aun viven con la mamá.
El señor Antonio es un hombre muy trabajador que siempre le gusto salir adelante con su esfuerzo, el se dedica a la carpintería y al a compra y venta de material reciclable, el todos los días en las mañanas y tardes recorre la ciudad en un triciclo recogiendo y comprando cartones, hierro, latas, botellas, baterías de carros y todo el material que pueda ser reutilizado, luego de que tiene una buena cantidad de estos materiales los lleva a vender a una recicladora de la localidad que le compran a muy buen precio. Así él se gana la vida de una manera honrada y puede enviarles para la alimentación de sus hijos.
Este crédito es para comprar cartones, hierro, latas, botellas y todo tipo de material reciclable. Lleva dos ciclos en el Grupo de Crédito y le gusta por la ayuda que le dan los créditos. Sus sueños son comprar un carro para realizar su labor.

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.

Tags

About Ecuador

  • $10,600
    Average annual income
  • 96
    View loans »
    Ecuador Loans Fundraising
  • $24,134,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Piedad Santana (Montecristi) Group's $6,500 loan helped a member to buy cardboard, metal, tins, bottles and all types of recyclable materials.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2014
Listed
May 21, 2014
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014