A loan of $4,800 helped a member to buy ingredients for her dishes.

Las Mercedes (Portoviejo) Group's story

The Communal Bank Las Mercedes ("the favors") meets every fortnight in the beautiful city of Calceta, known as "Calceta the unrivaled" because of the beauty of its women and because its inhabitants believe that there is no more beautiful city in the world. This is a group of people who decided to join together four months ago and create this communal bank, which has provided them many services to improve their small businesses. The group members have various businesses, such as trade, services, sale of food and other activities.

Here lives Señora Paula. She is 40 years old and lives in a common-law marriage. She has five children aged 20, 16, 14, 11 and 9. Two of them attend secondary school and two go to elementary school. Her husband is a merchant. Our friend does the chores in a house, but she also has a small store at home where she sells juice, soda, fast food like fried green plantain dumplings, empanadas, corviches, and lunch. Since her home is very close to a school, she took advantage of the fact that students and teachers of the institution came to her small store and bought her products. Early in the morning she and her eldest daughter begin to prepare all the ingredients. After that the daughter stays in the store and sells, while the mother must go to work. Paula has been in this activity for the past four months. It was with the first loan that she launched her activity and she is doing quite well.

This loan will be used to buy ingredients for her dishes. She took two loans in her communal bank and is grateful for the support offered by the bank. Her dream is to own a great restaurant.

The small photo pictures one of the members who was sick when the group was photographed.

In this group: Lady Geomar, Julia Margarita, María Graciela, Edita Del Rosario, Eladia Consuelo*, Dexy María, Lucia Del Carmen, Angela María, Dolores Isabel, Luis Javier, Maria Esther, Paula Mercedes, Yolanda Felicidad*
*not pictured

Translator profile picture

Translated from Spanish by Kiva volunteer Robert Mouris

Loan details

Lenders and lending teams

Loan details