Funded

Total loan: $5,200
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Higuerón (Portoviejo) Group

Ecuador
Portoviejo, Ecuador / Clothing Sales

A loan of $5,200 helped a member to buy pants, blouses, shirts, and children's apparel.


Higuerón (Portoviejo) Group's story

Every two weeks in a place called Higuerón in the city of Portoviejo, 20 members of the communal bank Higuerón meet. The members work at a variety of activities such as farming, general business, and others.When they learned about the benefits of the institution, they decided to form a group to access the loans offered by La Fundación Espoir.

Here we meet Victoria. She is 25, married, and has a year-old daughter from this marriage. Her husband is a cook. Our friend wants to earn some money herself so that she can help meet the household expenses.She sells all types of clothing door-to-door and from a small space in her home. She works every morning while her mother-in-law cares for her daughter. She sells clothing on credit and collects every two weeks. When she has orders, she buys the merchandise in Guayaquil. She has been selling clothing for three years, and the business is doing well.

She will use this loan to buy merchandise like pants, blouses, shirts, and children's apparel. She has been a member of the communal bank for two loan cycles and is the president. She likes that the loans allow her to keep her business going. Her dream is to own her own house, as the one where she lives is a rental. The inset photo is of two members who couldn't be present when the group photo was taken.

In this group: Victoria Raquel, Yamina Monserrate, Ubaldina Elizabeth, María Jacinta, Adela Mireya, Narciza Del Jesús, María Josefina, Lirice Roxana, Tania Katherine, Benita Argentina, María Laurentina, Belen Amparo, Juana Jeni, Narciza Del Jesús, Jessica Patricia, Gema Lucia, María Gabriela, Eva Jessenia*, Johana Margarita, Letty Azuncion
*not pictured

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Loan details

Loan length:

5 months
Disbursed date: May 3, 2012
Facilitated by Field Partner: Fundación ESPOIR

Lenders and lending teams



Loan details

Loan length:

5 months
Disbursed date: May 3, 2012
Facilitated by Field Partner: Fundación ESPOIR