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The members of “Crucita” communal bank meet in Portoviejo Canton’s Crucita Parish. This location is known for the beautiful beaches that surround it that are very popular with national and foreign tourists. It is known as “Crucita la Bella” (Crucita the Beautiful.)

We met Modesta, 56, here. She’s single and lives in her parents’ house. She is a founding member of the communal bank and she likes it because the interest rates are much lower than in other places and because the loans are quick with fewer requirements.

To earn her own income she is a merchant. She sells items for the home like: blenders, irons, fans, mattresses, among others via distribution savings books from the La Gran Cadena distributorship. The way she operates is this: she buys all the items for cash and then sells them according to whose turn it is among her customers to receive them. She tells us that she’s had this business for over 15 years and has always done well because she has many customers that prefer her because of the trust she’s inspired and the responsibility at the time of delivering the goods.

This loan is to buy blenders, irons and mattresses, among other products and appliances. Her dream is to enjoy good health and continue working.
View original language description ↓
En la parroquia crucita del cantón Portoviejo, se reúnen las socias del Banco Comunal Crucita, esta localidad se la conoce por sus hermosas playas que rodean este lindo lugar y que son muy visitadas por turistas nacionales y extranjeros, se la conoce con el nombre de “Crucita la Bella”.

En este lugar conocimos a Modesta ella tiene 56 años de edad, es soltera y vive en casa de sus padres. Es socia fundadora del Banco Comunal y le gusta porque los intereses son más bajos que en otros lugares y porque los créditos son rápidos y sin tantos requisitos.

Ella para obtener sus propios recursos se dedica al comercio, vende productos para el hogar como: (licuadoras, planchas, ventiladores, colchones, entre otros) a través de cartillas de la distribuidora La Gran Cadena, su forma de ventas es que ella compra todos los productos al contado para luego ir entregando los productos de acuerdo a como les toquen a sus clientes el turno, nos cuenta que ella lleva en este negocio por más de 15 años y que siempre le ha ido bien ya que tiene muchos clientes que la prefieren por la confianza que les ha brindado y por la responsabilidad a la hora de entregar los productos.

Este crédito es para comprar licuadoras, planchas, colchones, entre otros productos y artefactos.

Sus sueños son tener buena salud y seguir trabajando.

About Ecuador

  • $10,600
    Average annual income
  • 24
    View loans »
    Ecuador Loans Fundraising
  • $26,466,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Modesta to buy blenders, irons, mattresses, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
May 16, 2011
Jun 4, 2011
Currency Exchange Loss:
Oct 15, 2011