A loan of $4,075 helped a member to buy fabric, thread, buttons and other sewing materials.

Socias En Progreso (Portoviejo) Group's story

In the San Cristóbal community of the city of Portoviejo, the 13 members of the communal bank "Socias en Progreso" meet every two weeks. They are involved in different business activities such as general commerce, services, etc. Recently, on becoming aware of the benefits offered by the institution, they decided to request a loan through Fundación Espoir. This is their first cycle in the communal bank and they are committed to complying with the terms so they can receive future loans.

One of the members of the group is Mrs. Jacqueline, who is 38, married and has three adult children, two of which still live at home. The youngest studies at the university. Her husband is a merchant.

She learned her sewing skills several years ago at an academy in the city. She has a sewing workshop set up in her house and makes all kinds of clothing. She works from 8:00 a.m. to 9:00 p.m., depending on the orders she must deliver, and has an employee on a monthly salary. She tells us that sometimes she sews for institutions and schools in the area, and also for people who come to her shop. She has been in business for over 18 years and says she enjoys making girls and women's clothing.

This loan will be used to buy fabric, thread, buttons and other sewing materials. This is her first loan with the communal bank and she likes the fact that the loans can be obtained so quickly.

Her dream is for her business to thrive.

The two small pictures are of the members who, for personal reasons, could not be present for the group photo.

In this group: María Luisa, Jacqueline Elizabeth, Irina Kelly, Mercedes María*, Divina Dolores, Margarita, Frecia Catalina*, Victor Ivan, Francisco Xavier, Gema Gabriela, Barbara Victoria, Stefania Andrea, Janeth Carolina
*not pictured

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Translated from Spanish by Kiva volunteer Sherry Bess

Loan details

Lenders and lending teams

Loan details