A loan of $3,975 helped a member to buy clothes.

Futuro Nuestro (Portoviejo) Group's story

The “Futuro Nuestro” communal bank meets every two weeks in Montecristi Canton (Portoviejo) known for its rich pre-colonial culture and for its crafts that are renown both nationally and internationally; it’s where the famous straw hats come from.

This is a group of people who decided to join together and form a communal bank that will be very useful for them because they will improve their small businesses with the loans. They are in a variety of activities like farming, general commerce and services, among other activities.

We met Mónica, 20, here. She’s in a common law relationship and has a 2-year-old son. Her husband is a machinist on a tuna fishing boat.

She is a very good housewife and in order to help her husband with household expenses she sells clothing from the Nivi catalogue. She works three days a week selling, delivering and collecting payment for items she sells on credit. What she sells the most is children’s clothes. She’s been in business three years and has done well despite the heavy competition that exists.

She will use this loan to buy blouses, pants, shirts and children’s clothes to fill her pending orders. This is her and her group’s first cycle and she hopes to stay for a long time to receive help from the institution through its loans. Her dream is to have her house well furnished.

In this group: Silvia Patricia, Priscila Rocio, Frella Marlene, Julia Daniela, Bella Alexandra, Talia Jeaneth, Mónica Alexandra, Jacqueline Del Rocio, Angel Gabriel, Jairo Carlos*, María Neura, Mirna Narcisa
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

Loan details

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Loan details