A loan of $4,675 helped a member to purchase fruits, vegetables, and pigs.

Villa De Oro (Portoviejo) Group's story

The Villa de Oro communal bank meets twice a month in the canton of Montecristi, which is known for its rich precolonial culture and for its artisan work, which is recognized nationally and internationally. It is the birthplace of the famous Panama hat.

This is a group of people who decided to unite and form this communal bank that will help them a great deal, since they are going to improve their small businesses with the loans. They dedicate themselves to a variety of activities such as agriculture, general business, and services, among others.

In this place we meet María, 39 years old. She is married, and she and her husband have two children, 14 and 22 years old. Both are students in high school and college.

She and her husband have a business in their home selling meat, vegetables, and fruit. She tells us that they are from Santa Ana, but five years ago they came to this beautiful, great city, in which they decided to continue with the business they had in their native city. Her husband travels to the country to buy pigs and cows, which he slaughters at home. From their home he sells the meat and other products from these animals, as well as fruits and vegetables that he also buys in the country. They have been doing this work for more than 20 years, and it is going very well for them, since their products are fresh, and their customers like that.

This loan is to buy pigs, fruits, and vegetables.

Her dream is to have a well-constructed cement house, since the one she has is made of cane.

In this group: Amparo Rosaura, Sonia Monserrate, Flavia Natividad, Sandra Dolores*, María Janeth, Nelly Eufemia, Francisco Javier, Angela Monserrate, Norma Isabel, Jenny Eliana, Nury Monserrate, Cristhian Eduardo, Gabriela Elizabeth*
*not pictured

Translated from Spanish by Kiva volunteer Karen Monat

Loan details

Lenders and lending teams

Loan details