A loan of $3,300 helped a member to buy seafood and other supplies.

San Silvestre (Portoviejo) Group's story

The San Silvestre communal bank meets every fifteen days in a district of the same name, in the parish of Crucita. This area is well known as being very near two of the best beaches in the province of Manabi, the beaches of Crucita and San Jacinto, which make this a very inviting tourist area.

This is a group of people who decided to join together and form this communal bank which has served them well, as they are able to improve their small businesses with the loans. They work in areas such as agriculture and general trade, among others.

Sra. Eufracia is 52, married and has seven children, six of whom are already adults. The youngest is 14 years old and still in secondary school. Two of her sons still live with her. Her husband is a farmer.

She is a wonderful homemaker who, in order to earn an income and help her husband with household expenses, sells food on weekends. These days many tourists come to this area to enjoy themselves near the ocean and she has installed a small canteen in her house where she prepares delicious dishes, especially those with seafood, since this is most typical of the area. One of the sons living with her, helps her. She has done this work for two years and it is going well.

Eufracia will use the loan to buy seafood and other supplies to prepare the meals. She has been a member of the communal bank since its inception and likes the help she receives.

Her dream is to have a fine ocean front restaurant one day.

In this group: María Aracely, Nely Margarita, María Auxiluadora, Everida Menserrate, Leonor Mariela, Sandra Verónica, Liliana Guadalupe, Angela Yesenia, Antonia Neredita, Mary Del Carmen, Rosa Augustina*, Rosa Zoila, Eufracia Yanet
*not pictured

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Translated from Spanish by Kiva volunteer Diane Chaney

Loan details

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Loan details