A loan of $6,050 helped a member to buy staple items to stock her store.

Super Poderosas (Portoviejo) Group's story

The “Las Súper Poderosas” (The Super Powerful Ones) communal bank meets every fifteen days in Picoaza Parish in the city of Portoviejo, a place noted for being a very commercial zone, for its traditional feast day of Saint Peter and Paul and for the cheerfulness of its people.

This is a group of people who decided to join together four months ago and form this communal bank that’s been very useful to them with loans. They have improved their small businesses and their lives. They carry out a variety of activities like agriculture, general commerce and services, among other activities.

One of the group members is Mariana, 47. She’s in a common law relationship and has five children, all independent adults. Her husband’s a merchant.

In order to get ahead with her family, our friend has a home-based store where she sells all types of products like rice, sugar, oil, detergent and bottled water, among other things. She tells us that she also goes with her husband twice a month to the city of Esmeraldas where she sells clothes and her husband sells shoes and sandals. They stay there the entire weekend selling their products. During those days one of their children is in charge of tending to the store. She’s been a merchant for 15 years and has had her store for three years but she comments that it does produce profits and she hopes to expand the store with the loans.

She will use this loan to better stock her store. She will buy rice, sugar, oil, detergent, cured meats and other basic staple products. She’s been in the communal bank since its beginning and likes it because of the help the loans provide. Her goals are to continue forward with her business and that her store grows more every day.

In this group: Rita Annabell, Johanna Margarita, Esperanza Moncerrate, Elizabeth Asuncion, Vanessa Emiliana, Luis Vicente, Ignacia Lucia, Juan Carlos, Maritza Fernanda, Dalinda María, María Monserrate, María Belen*, Rosa Agustina*, Asuncion Monserrate, Vicenta Dolores, Cruz Barbara, Mariana
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

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