Funded

Total loan: $4,350
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Comercio (24 De Mayo) Group

Ecuador
24 de Mayo, Ecuador / Clothing Sales

A loan of $4,350 helped a member to buy pants, blouses, T-shirts and children's clothing.


Comercio (24 De Mayo) Group's story

The communal bank "Comercio" is made up of 13 women and 2 men who meet every 15 days in Bellavista parish in the "24 de Mayo" canton, a place known for its vegetation. Most people who live here work as merchants or farmers, or they raise animals. These individuals have been with their communal bank for 3 loan cycles, and they are very pleased with the help that they have been getting from the institution.

In this place we meet Rosa, who is 50 years old. Her husband died a number of years ago and left her alone with their 6 children. Now 4 of these children are adults, while the other two, aged 13 and 15, are in school. Three of her children still live with her.

In order to make a living, and to meet the needs of her children, Rosa has worked for many years in her parish church, doing chores such as cleaning and other activities. But, as this did not generate enough income to cover her household expenses and the expenses of raising her children, a friend motivated her to start to sell clothing. Now, she shares her time between working at the church and selling clothing, which she does in the evenings and nights. Rosa has been selling clothing for 2 years, and this business is going very well.

Rosa will use this loan to buy more merchandise such as: pants, blouses, T-shirts and children's clothing. This is her 3rd loan cycle in the communal bank, and she likes it because the loans have been a great help to her with her business.

Rosa's dream is for her children to have everything they need.

In this group: Rosa Angelica, Ana Herminia, Santa Mariana, Dagny Yalile, Jenny Jesús, Nancy Auxiliadora, Yisela María, Celeste Zoraida, Eduvije Del Pilar, Lucy Elizabeth, María Marlene, Gustavo Adolfo, Betty Amira, María Vicenta, Wagner Javier
*not pictured

Translator profile picture

Translated from Spanish by Kiva volunteer Lisa Grobar


Loan details

Loan length:

7 months
Disbursed date: March 8, 2012
Facilitated by Field Partner: Fundación ESPOIR

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: March 8, 2012
Facilitated by Field Partner: Fundación ESPOIR