A loan of $4,850 helped a member to buy remedies and natural products.

2 De Noviembre (Portoviejo) Group's story

In the April 15th neighborhood of the city of Portoviejo, one can find honest and hardworking people, a wide variety of cuisines, and a variable and pleasant climate. The members of the November 2nd Communal Bank meet every 15 days. They engage in different businesses in retail, services, and other sectors. The members have joined forces so that they can access the benefits provided by Fundación ESPOIR. This is their first loan cycle as a Communal Bank and they hope to do well so that they can move forward with the organization.

It is here that one can meet Don Sergio. He is 44 years old, divorced, and has four children. Two of them are grown and the other two (ages 16 and 14) attend high school. All of his children live with him.

Sergio is a merchant who sells remedies and natural products. He travels around the city offering his products. Sergio also visits other cities in order to make sales. He works every day and, according to him, would not able to support his children if he was not working. His products are purchased at a store in the city and then sold nationally and abroad. Sergio has been in business for more than 23 years and has many customers who always buy his products because they are very good.

This loan will be used to buy remedies and natural products. Sergio is in his first loan cycle with the Communal Bank and he enjoys the speed by which he was able to secure the loan. His dream is to have a large shop in the downtown area.

The woman in the turquoise shirt and standing in the back row of the photograph is a relative of one of the members. She does not belong to the group.

In this group: Susana Elizabeth, Patricia Alexandra, Yrene Floridalba, María Juana, Jenny Violeta, José María, Paula Florentina, Angela Leonela*, Rosa Anelida, Virginia Del Rocío, María Beneranda*, Rosa Marlene, Miriam Jessenia, Rosa Nereysi, Mariana De Jesús, Sergio Alberto
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

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Loan details