A loan of $3,300 helped a member inventory.

Amigos (Portoviejo) Group's story

The Amigos communal bank meets every two weeks in the Eloy Alfaro citadel, within the city of Portoviejo, the Manabita capital, known for many years as the city of the Royal Tamarinds.

This group of people, who are determined to get ahead, decided to band together because they get along well with one another. They each have different trades (merchant, sales, production, services).

Felisa is 48 years old and hopes that all will turn out well for her so that she can stay with the communal bank through many more cycles. She likes it because other sources have many more requirements for loans than Fundación Espoir and they do not offer the easy terms of payment.

She is 48 years old and has been in the same relationship for the past 32 years. They have six adult children. She was born and raised in Calceta and moved to Portoviejo eight years ago.

She and her husband have a pantry store and also sell empanadas and rolls that she makes. Their business is located across from a school and the students buy many of her products. The neighbors also buy their daily groceries there. They work every day starting at dawn, because they have to go to the market to buy vegetables and other fresh products to sell. They close their business at night. They buy their products in bulk in Portoviejo and this generates good profits for them.

They will use the money from this loan to buy more products so that they can grow their business. Their dream is to buy some land on which to build a house and to bring Felisa’s mother to live with them.

In this group: Moserrate Modesta Cecil, Gissella Mariana*, Eva Guisella, María Isabel, Marcia Elizabeth, Jessenia Carolina, María Fernanda, Leidiana Esther, Andres Eutimio, Jimena Raquel, Felisa Del Consuelo
*not pictured

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Translated from Spanish by Kiva volunteer Hugo Reyes

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