A loan of $4,575 helped a member to purchase ice cream, candy, bazaar items, and other products.

Primero De Enero (Portoviejo) Group's story

The January 1st Communal Bank meets every 15 days in the canton of Junín. This place is known for its friendly and hardworking people. It is also known for distilling the best brandy in Ecuador.

The members of this group decided to join together to form this Communal Bank. With the loans they have received, they have been able to improve their small businesses. They engage in different businesses involving trade, services, selling food, and other activities.

It is in this place that one can meet Sra. Rosa. She is 52 years old. Her husband passed away several years ago, but their marriage resulted in four children who are already adults. Rosa was born in Guayas Province, but after her husband died, she came to live in the beautiful canton of Junín. She now has a new companion with whom she currently lives.

Rosa has a shop where she sells bazaar items, ice cream, candy, and other products. Her shop is located in front of a church and a school. Both children and people attending church come into her shop to buy her products. Rosa works every day from 6:30am to 10pm. Since opening her shop six years ago, she has done very well. Through her business, Rosa is able to provide for her daily needs.

This loan will be used to buy more products to restock her business such as ice cream, candy, bazaar items, and other products that she lacks. This is her first loan and she likes the speed by which Fundación ESPOIR disburses the loans. Her goal is to have her own shop since she currently rents the location for her business.

In this group: Yaseny Mercedes, Yvonny Viviana, Janeth Auxiliadora, Narcisa Maribel, Yadira Isabel, Emerita Raquel, María Bertilina, Brijida Monserrate, Rosa Elena, Angelica María*, María Elizabeth*, Samuel Fernando, Leslie Ondina, Paula Galud, Cecilia Maribeth, Analina Mercedes
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica

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