A loan of $4,750 helped a member to buy shoes and sandals.

María Asunción Del Calvario (Portoviejo) Group's story

The María Asunción Del Calvario communal bank meets every two weeks in the Picoaza parish of the city of Portoviejo. This place is known for being a very commercial area, for its traditional San Pedro and San Pablo festivals, and for the rich historic culture that its mountains surround.

This is a group of people who decided to join together and form this communal bank, which has served them well. They are in their second cycle in the communal bank, and they tell us that the previous loan helped them a lot. This is why there are more people who joined in this cycle hoping to have success with the loans. The majority of the group were able to improve their businesses and their lives, since with the earnings they were able to make improvements to their homes as well as helping their children's educations. They engage in various activities such as business, services, and food sales, among others.

In this place we meet Mariuxi, 23 years old. She is single and lives with her parents and various younger siblings.

She is a very hard-working young woman who works in business in order to earn something on her own and to be able to help her parents with the household expenses. Monday through Saturday she works in a store in the center of the city where they sell shoes. In her free time, she also sells shoes and sandals through a catalogue, from which she earns something in addition to what she earns at her job. She makes these sales at night and on the weekends. She has been in this business for more than a year, and it is going pretty well for her.

She will use this loan to buy shoes and sandals. This is her second cycle in the communal bank, and she likes it because of the help that the bank gives to the entire group.

Her goal is to have her own store.

The small photo is of a member who could not be present when the group photo was taken.

In this group: Mariuxi Asuncion , Diana Aracely, María Andreina, Blanca Eufemia, Imaida Asuncion, Johanna Maricela, Rosa Josefina, Victor Manuel, Sandra Susana, Teresa Elizabeth, Narcisa De Jesús*, Rocio Mercedes*, Rosa Esperanza
*not pictured

Translated from Spanish by Kiva volunteer Karen Monat

Loan details

Lenders and lending teams

Loan details