A loan of $5,700 helped a member to buy all types of clothing.


Efren Flor (Portoviejo) Group's story

The Efrén Flor Communal Bank meets every fifteen days in the Picoaza parish in the city of Portoviejo. It is a place known for being a very commercial area, for its traditional festivities of San Pedro and San Pablo and for the happiness of its people.

This is a group of people who decided to come together some time ago and form this communal bank that has served them a lot since with the loans they have been able to improve the small businesses that they have. The make a living from diverse activities such as shops, services and food sales among other activities.

In this place we meet Carmen Elizabeth, 35 years old, married and from this relationship she has four children who are 17, 12, 10 and 3 years old. The oldest child studies in college and the next two oldest are in school. Her husband is a merchant.

She is a struggling, hardworking housewife that, in order to earn something on her own and contribute to the household expenses, makes a living in business. She sells clothes of all kinds, the same as her husband who also sells this type of merchandise but independently, since he travels to the country and distant places while she sells in the area where she lives and other parts of the city. Her form of sales is door to door. She works four days per week, leaving her products with her clients on credit and then collecting the debt every week. For five years she has made a living with this business and it is going very well for them.

She is going to employ this loan to buy clothes of all types and materials. She has been in the Communal Bank from the beginning and she likes the speed with which the loans go out.

Her dream is to buy a car so that her husband can go sell his merchandise.

The two small photos are of two partners that couldn’t be present when the photo was taken of the group.

In this group: Modesta Isabel, Mireya Serenovia, Mercedes Geoconda, Zoila Matilde, Johanna Amparo, Carmen Elizabeth, María Esperanza, Mercedes Del Carmen*, María Mercedes, Stefano Agustin*, Luis Alberto, Irene Soledad, Dolores Moncerrate, Katherine Alexandra
*not pictured

Translated from Spanish by Kiva volunteer Melanie Snellings


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