A loan of $3,375 helped a member to buy perfumes, creams, cosmetics, trousers, t-shirts, blouses and children's clothing, etc.

Francisco Pacheco (Portoviejo) Group's story

In the Francisco Pacheco neighborhood of the city of Portoviejo, the Manabí capital, the "Francisco Pacheco" communal bank meets every two weeks. This city has been known for many years as Valley City because it is surrounded by majestic, beautiful mountains.

Some time ago the members decided to join together in an effort to obtain more profits through their group. They are all involved in different businesses such as general sales, services and food sales, among others.

Here we meet Mrs. Vilma M. L. who is 42 years old, has a common-law husband and two children, ages 21 and 15, who are in college and school. Her husband is a merchant.

She has an informal business selling Yanbal products (beauty products, perfume and ladies' accessories); and also sells clothing by catalogue. Her working hours are from 8:30 a.m. to 5:00 p.m. every day, which she does door-to-door on an order basis. She delivers the products on credit and collects payment weekly. She loves to sell and claims her most popular-selling products are perfumes because of their quality. She's been involved in the business for seven years now and it is going very well.

The loan is to buy perfumes, creams, cosmetics, and all types of clothing such as t-shirts, trousers, blouse, children's clothing, etc. She's been in the communal bank since its inception and likes the support she receives in order to get ahead.

Her dream is to one day have a large business.

In this group: Lita Idalia, Glenda Maricela, Marjorie Maricela, Vilma Fabiola, Manuela Gabriela, Lilia Amanda Dolores, Elsa Marisol*, Azucena Auxiliadora, Angel Agustin, María Elena, Jasmin Maricela, Jennifer Carolina*
*not pictured

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Translated from Spanish by Kiva volunteer Sherry Bess

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