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Sosote  (Portoviejo) Group
In this Group: Narcisa Jacqueline, Valeria Betsabe, Lilian Agripina, Nelly Monserrate, Nora Monserrate, Fatima Lucia, Nexar Antonio, María Fernanda, Joffre Enrique, Maoly Lilibeth
In Sosote a few kilometers from Portoviejo, a city whose inhabitants are primarily farmers and who sell coconuts, every 15 days the Grupo De Crédito Sosote meets. The members have diverse business such as selling food, selling beauty supplies, and selling clothing. They united in their efforts to be able to access the benefits that Fundación Espoir provides.

One of the members of the group is Jacqueline. She is 43 years old, married, and has three children ages 23, 22 and 16. The youngest is in high school. Her husband is a locksmith. Jacqueline is a very hard-working woman who likes to work and in this way support her family into the future. With her earnings she helps her husband with the household expenses and her child's education expenses. She sells clothing and Leoniza undergarments. She sells door to door in her neighborhood. Her customers buy for themselves as well as to send abroad, as the quality is very good and she delivers product quickly. She has had this business for 6 years and hope to continue expanding it through loans.

This loan is to buy all kinds of clothing. This is the first loan cycle for this Group, and she enjoys that the loans are quickly granted with few barriers. Her dreams are to have a locale to sell her products.

The small photo is of a member who couldn't be present when the group photo was taken.
View original language description ↓
En Sosote localizada a unos pocos kilómetros de la ciudad de Portoviejo, ciudad de gente dedicada en gran parte a la agricultura y al cultivo y venta de cocos se reúnen cada quince días el Grupo De Crédito Sosote. Los mismos que se dedican a diversas actividades tales como el comercio de comida, venta de productos de belleza y prendas de vestir. Ellos unieron sus esfuerzos para poder acceder a los beneficios que presta la Fundación Espoir.
Una de las socias de este grupo es la señora Jacqueline, tiene 43 años de edad y mantiene una relación de unión libre de la cual tiene tres hijos de 23, 22 y 16 años, el menor estudia en colegio. El marido es cerrajero.
Doña Jacqueline es una mujer muy luchadora que le gusta trabajar para salir adelante y con sus ganancias ayudarle a su marido con los gastos del hogar y los estudios de su hijo, ella se dedica a la venta de ropa y ropa interior de la marca Leoniza, su forma de venta es puerta a puerta, ella sale a recorre por la localidad vendiendo sus prendas las mismas que tienen mucha salida ya que es ropa que se la envían del extranjero por lo cual sus ventas son muy buenas y rápidas, lleva 6 años con este negocio el cual espera mejorarlo con los créditos.
Este crédito es para comprar ropa de todo tipo. Este es su primer ciclo en el Grupo De Crédito y le gusta porque los créditos son rápidos y sin tantos requisitos. Sus sueños son tener un local para vender sus productos.
La foto pequeña es de un socio que no pudo estar presente cuando se tomo la foto del grupo.

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
  • 80
    View loans »
    Ecuador Loans Fundraising
  • $23,931,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Sosote (Portoviejo) Group's $4,200 loan helped a member to buy clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2014
Listed
Aug 30, 2014
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014