A loan of $6,400 helped a member to buy cosmetics and clothes.

Francisco Pacheco (Portoviejo) Group's story

The “Francisco Pacheco” communal bank meets in the Francisco Pachecho neighborhood in the city of Portoviejo every fifteen days. This is a densely populated, marginal urban area in this city.

This is a group of people who decided to join together some time ago and form this communal bank that’s been very useful for them since they’ve improved their small businesses and their lives with the loans. They are in a variety of activities like food sales, general commerce and services, among other activities.

Glenda, 33, lives here. She’s been in a common law relationship for several years and has two children who are 9 and 7-years-old and are attending school. Her husband does odd jobs since he does not have a steady job.

Our friend is a housewife who in order to earn her own income to help her husband with household expenses sells clothes via catalogue and Yanbal products (beauty products, cosmetics, perfumery and women’s accessories). She works three days a week from two to three hours daily. She sells her products on credit and collects payment weekly. She’s been in this activity four years and does very well. She tells us that what she sells the most is perfume and cosmetics which according to her are very good.

This loan is to buy perfume, cream, cosmetics and all types of clothes. She’s been in the communal bank since its beginning and she likes it because of the help she gets to get ahead. Her dream is to have economic stability.

The small photos are of two members who were unable to be present for the group photo.

In this group: Johanna Del Rocio, Glenda Maricela, Manuela Gabriela, Vilma Faviola, Marjorie Marcela, Lilia Amanda Dolores, Indalinda Piedad*, Ignacia Del Socorro, Rosa Estrella, Luís Fabricio, Rosa Mercedes, Jonathan Grober*, Martha Marisol, Azucena Auxiliadora, María Elena*, Jasmin Maricela, Marianita De Jesús, Carla Marisol, Katiuska Jahaira
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

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Loan details