A loan of $4,125 helped a member to buy cosmetics.

4 De Abril (Portoviejo) Group's story

The city of Portoviejo is known as the city of the Royal Tamarinds and it was affected by the earthquake of April 17th 2016. The city is rich in the production of vegetables, legumes, and tropical fruits for domestic consumption. The loan group 4th of April meets in the home of the group's president. There are 8 women and 2 men, a total of 10 people who acquire a loan so they can keep growing their businesses.
Mayra is 35 years old, married, and has a 13 year old son who is in school. Her husband is a taxi driver and they live in their own home. She is the president of the loan group.
Mayra sells Belcorp products - beauty products, cosmetics, perfume, and women's accessories. She works 3 days a week, 2 or 3 hours a day. She offers her products on credit and collects every week. She has been doing this work for 2 years and it is going very well for her. She will use this loan to buy cosmetics.
This is the first loan cycle and she likes it because the interest is low and for the meetings between friends. Her dream is to finish paying the mortgage on her house.
The people in the photo inserts weren't able to attend the meeting for the loan delivery. The woman had a medical appointment and the man couldn't be there because he was working in another city.

In this group: Mayra Alexandra, Mirka Celeste, Lorena Geoconda, Jenny Henniberth, Gabriela Elizabeth, Isabel Maria, Jessenia Monserrate, Bienvenido Monserrate, Lorgio Oswaldo, Stefany Lilibeth

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Translated from Spanish by Kiva volunteer Alison Hynd

This loan is special because:

It is accompanied by useful, real-life business training.

Loan details

Lenders and lending teams

Loan details