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23 De Agosto Group
In this Group: María Clemencia, Juana Lorena*, María Mercedes, Jacqueline Isabel, Jessica Gabriela, Mauricio Alexander, María Matilde, Carmen Ramona*, Rosa María, Cristina Maricela, Emigdio Artemio, Carmen Maribel
* not pictured
The Communal Bank "23 De Agosto" meets every two weeks in the beautiful city of Calceta (in Manabí province). The city is well-known for its nickname "The Incomparable Calceta", so named for the beauty of its women and because as far as its people are concerned, there is no more beautiful city in the world.

This is a group of people who four months ago decided to join together to form this Communal Bank, which has served them well in improving their small businesses. They work in a variety of fields, such as retail, services, and food sales among other things.

Señora Clemencia lives here. She is 42 years old, and is in a common-law marriage from which she has four children aged 21, 20, 18 and 15. The eldest lives overseas, and the younger three attend high school. Her husband works for the Provincial Council.

Our friend has a food store in her home, where she sells all types of products such as rice, sugar, oil, and detergent. She also has an ice-cream business. She takes advantage of the fact that there's a primary school near her home, and that the students, who are mainly children, very much enjoy her ice-cream. She works every day from 6 a.m. through to 10 p.m., and sometimes till even later. Her children help her with her work when they are free.

She has had six years working with this business and it's always gone very well for her as her location is good, and also her store is well-stocked so that her customers can find everything they want at her place.

She will use this loan to stock her store up further; she will buy rice, sugar, oil, detergent, sausages, ice-cream and other everyday products.

Her goals are to continue progressing with her business and the Communal Bank.
View original language description ↓
EL Banco Comunal 23 De Agosto se reúne cada quince días en la hermosa ciudad de Calceta (Provincia de Manabí), ciudad conocida con el nombre de “Calceta la sin par”. Por la belleza de sus mujeres y porque para sus habitantes no hay ciudad más hermosa en el mundo.
Este es un grupo de personas que decidieron unirse hace cuatro meses atrás y formar este Banco Comunal que les ha servido de mucho para mejorar sus pequeños negocios. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.

En este lugar vive la señora Clemencia, tiene 42 años de edad y mantiene una relación de unión libre de la cual tiene cuatro hijos de 21, 20, 18 y 15 años, el mayor vive en el extranjero y los tres menores estudian en colegio. El marido trabaja en el Consejo Provincial.

Nuestra amiga tiene una tienda de comestibles en su casa en la cual vende todo tipo de productos, como arroz, azúcar, aceites, detergentes, además también allí mismo tiene una heladería ella aprovecha que muy cerca de su casa hay una escuela y que los estudiantes en su mayoría niños gustan mucho de los helados, trabaja todos los días desde las 6h00 hasta las 22h00 y a veces hasta más tarde, sus hijos le ayudan en su trabajo cuando están desocupados. Tiene seis años con su negocio y siempre le ha ido muy bien ya que está bien ubicada y también este bien surtida para que sus clientes encuentren de todo en su local.

Este crédito lo va a emplear en surtir mas su tienda, va a comprar arroz, azúcar, aceite, detergentes, embutidos,, helados y otros productos de primera necesidad.

Sus metas son seguir adelante en su negocio y en el Banco Comunal.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Ecuador

  • $10,600
    Average annual income
  • 37
    View loans »
    Ecuador Loans Fundraising
  • $26,541,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 23 De Agosto Group's $4,750 loan helped a member to buy rice, sugar, oil, detergent, sausages, ice-creams and other everyday products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 26, 2011
Sep 15, 2011
Currency Exchange Loss:
Jan 15, 2012