A loan of $4,075 helped a member to buy trousers, blouses, shirts, and other garments.


Bankito Municipal (Portoviejo) Group's story

In the neighborhood of Municipal in the city of Portoviejo, two men and ten women who make up the Communal Bank “Bankito Municipal” meet every fifteen days. They engage in a variety of business activities such as general retail, providing services, and other trades. A short time ago they learned about the benefits offered by Fundación ESPOIR, so they decided to join together in order to access the loans provided by the organization. This is their first loan as a Communal Bank and they hope to do very well so that they can continue receiving loans.


It is in this place where one can meet Sra. Odalia. She is 46 years old, in a common-law relationship, and has five children. Four of her children are grown and the youngest is 15 years of age. Three of her children live with her and two of them are studying. Her husband is a chauffeur.


Odalia is wonderful homemaker who likes taking care of things herself. To generate her own income, she sells Avon products (including beauty products, cosmetics, perfumes, and women’s accessories). Her sales are made by going door-to-door. With this loan, she wants to buy all types of clothing so that she can start a new business. She is very pleased with the loan and hopes to continue receiving support from the organization for a long time.


This loan will be used to buy trousers, blouses, shirts, and other garments for starting her business. Odalia will take advantage of this season since sales should be very good. Her dream is to move forward with her business.

In this group: Fanny Adela, María Del Carmen, Susana Alexandra , Ligia Margarita*, Francisca Elina, Odalia Flor , María Esperanza*, María José, Norma Yolanda, Marcelo David, Mario Antonio, Vanessa Johanna
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica


Loan details


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Loan details