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El Almendro  (Portoviejo) Group
In this Group: Liliam Beatriz, Viviana Patricia, Edith Alexandra, Margarita Monserrate, Juana Maricela, Jenniffer Lorena, Vanessa Raquel, Ivan Eduardo, Gabriel Estuardo, Isabel Asunción, Ingrid Vanesa
Every two weeks the members of the El Almendro meet in Portoviejo. This group is made up of nine men and two women who each work in different areas, such as general merchandising and services among other things.

Liliam lives here. She is 43 years old, divorced, and doesn’t have any children. She lives with her elderly parents whom she helps financially.

She earns a living as a housekeeper, but also sells all types of clothing, bed sheets, and various other types of products door to door in the evenings and on the weekends in her spare time. She sells on credit and collects weekly. She’s been doing this for three years and it provides her with a good income.

She will use the money from this loan to buy merchandise such as pants, blouses, t-shirts, sheets, and other articles of clothing. This is the first cycle for the communal bank. She’s the president and hopes to stay for a long time.

Her dreams are for her business to improve and to have a shop someday.

The small photograph is of two members who could not be there when the group photo was taken.
View original language description ↓
En la ciudad de Portoviejo se reúnen cada quince días los socios del Banco Comunal El Almendro. Este es un grupo integrado por 9 mujeres y 2 hombres, los mismos que se dedican a diversas actividades tales como comercio en general, servicios, entre otras cosas.

En este lugar vive la señora Liliam, tiene 43 años de edad está divorciada y no tiene hijos. Vive con sus padres los cuales ya están muy ancianos y a los que les ayuda económicamente.

Ella para salir adelante se dedica a realizar los quehaceres domésticos en una casa pero en sus momentos libres se dedica al comercio, vende ropa de todo tipo, sabanas y varios productos más, su forma de venta es puerta a puerta y realiza sus recorridos en las noches y los fines de semana, deja a crédito y cobra cada ocho días, lleva más de tres años dedicada a esta actividad que le deja muy buenos ingresos.

Este crédito lo va emplear en comprar más mercadería como: pantalones, blusas, camisetas, sabanas y otras prendas. Este es el primer ciclo en el Banco Comunal, es la presidenta y espera quedarse por mucho tiempo.

Sus sueños son que su negocio mejore aun más y tener algún dia un local.

La foto pequeña es de dos socias que no pudieron estar presentes cuando se tomo la foto del grupo.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Ecuador

  • $10,600
    Average annual income
  • 73
    View loans »
    Ecuador Loans Fundraising
  • $25,584,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of El Almendro (Portoviejo) Group's $4,500 loan helped a member to buy merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 20, 2012
Oct 1, 2012
Currency Exchange Loss:
Jan 15, 2013