A loan of $3,200 helped a member to purchase shoes and slippers.


Los Angeles De Colón (Portoviejo) Group's story

In the sector known as Los Ángeles in Colon Parish of the city of Portoviejo, the Communal Bank “Los Ángeles de Colon” meets every 15 days. The members of this group engage in different business activities such as agriculture, general retail, beauty services, cabinetmaking, and other trades. They joined together four months ago so that they could access the benefits made available through the loans offered by Fundación ESPOIR. This is their second loan cycle with the Communal Bank and they are very pleased with the benefits they received from the Institution.


It is here that one can meet Sra. Patricia. She is 25 years old, in a common law marriage, and has two children (ages 7 and 6) who are in elementary school. Her husband operates a small print shop.


Patricia is an excellent homemaker who also sells shoes and slippers. She sells door-to-door, but she also accepts orders and offers different payment options. Patricia works four days each week, but only in the mornings. She takes advantage of the hours while her children are in school to sell her products, but when they come home she helps them with their schoolwork. The merchandise she sells is purchased at a good price from a distributor in Portoviejo. Patricia has been in business for one year and has done very well.


This loan will be used to buy sandals and slippers. She is receiving her second loan from the Communal Bank. Patricia likes the fact that the loans have been a help to her business. Her goal is to have a larger business.


The woman in the small photo is Sra. Diana. Due to her class schedule, she was not able to be present at the meeting when the group photo was taken. Also appearing in the group photo is the ESPOIR loan officer. She is the woman sitting at the desk behind the members reading a stack of papers.

In this group: Patricia Arelisa, Esther Monserrate, Jessenia Vanessa*, Edilma Zoila, Fatima Maribel*, Narcisa Magdalena, Mercedes Del Carmen, Teresa Lourdes, Gloria Modesta, Karen Alexandra, Diana Carolina, Letty Marylin, Tanya Maricela
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica


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