A loan of $4,200 helped a member to buy clothing.

Sosote (Portoviejo) Group's story

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.

In this group: Narcisa Jacqueline, Valeria Betsabe, Lilian Agripina, Nelly Monserrate, Nora Monserrate, Fatima Lucia, Nexar Antonio, María Fernanda, Joffre Enrique, Maoly Lilibeth

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Translated from Spanish by Kiva volunteer Cindy Kendall

Loan details

Lenders and lending teams

Loan details