A loan of $5,300 helped a member to buy wrenches and other tools.


Avancemos Seguros (Portoviejo) Group's story

The thirteen members of the Avancemos Seguros Community Bank meet every two weeks in the parish of San Pablo in the town of Portoviejo. They are involved in a variety of enterprises such as commerce, services etc. One of the members is 21-year old Señor Ángel who lives with his partner. They don't yet have any children; she is a housewife. Ángel and the rest of the group hope to advance their businesses with the help of loans from the institution. They are simple but hardworking people who hope to get on in life. Ángel has worked as an automotive mechanic for over five years. In this time he learned the trade. He hopes to run his own repair shop one day and make a better future for himself and his family. With this loan he wishes to buy certain tools and in this way gradually gather what he needs to set up his own business. In his spare time he takes on private work to earn extra money so he needs to buy tools of his own urgently. He will use the loan to buy wrenches and other tools needed for his work. This is his first loan within the Community Bank. He enjoys being part of it because of the simplicity of the loan system. Ángel's dream is to have a repair shop and a home of his own. He still lives with his parents. The small photo is of a member who couldn't be present when the group photo was taken.

In this group: Jessenia Elizabeth, Mónica Libeth*, Marian Alexandra, Kenia Alexandra, Diana Daniela, Sandra Lorena, Irvin Geovanny*, Jenny Elizabeth, Leonor Lexandra, Tulmira Del Rocio, Karen Leonor, Cristel Violeta, Angel Alexander
*not pictured

Translated from Spanish by Kiva volunteer Jane A


Loan details


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Loan details