A loan of $3,525 helped a member to buy fruit and vegetables.


Calle Bolivar (Portoviejo) Group's story

The 'Calle Bolívar' community bank meet every two weeks in Montecristi canton (Portoviejo). This area is known for its rich pre-colonial culture and for its handicrafts which are well known both at home and abroad. It is the birthplace of the famous Panama hat.

This is a group of people who decided to come together and form a loan group which will help them a lot as they will be able to use their loans to improve their small businesses. The group's members are engaged in different business activities such as farming, commerce, services, etc.

Here we meet Marcelo. He is 28 years old, lives with his common-law wife, and has a 3-year-old son. His wife is a teacher at a local school.

To earn a living, Marcelo sells fruit and vegetables. Four days a week, he travels to Tarqui market, in the city of Manta. There he has a small stall where he sells his products. He works four days a week He starts work at 3.00am when he travels to the wholesale market to buy the best produce to offer his customers. He has been in this business for more than three years and it is doing well.

Marcelo will use this loan to buy fruit and vegetables. This is his first loan and he is happy with the speed at which he can obtain loans.

Marcelo's dream is to have a large sales location.

In this group: Mariuxi Pamela, Rosa Antonia, Yuleisy Natasha, Jenny Estela, Zully Tatiana, Ana Dolores, Elsa Soledad, Geovanny Alexander, Iduval Marcelo, Teresa Angela, Fanny Pilar*
*not pictured

Translated from Spanish by Kiva volunteer Linda Oxnard


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Loan details