A loan of $6,300 helped a member to buy perfumes, creams, cosmetics and clothes.

Higuerón (Portoviejo) Group's story

Every 15 days, the 17 members of the Higueron communal bank meet in a place called Higuerón in the city of Portoviejo. They earn their living through diverse activities such as agriculture and shopkeeping (amongst other activities). When they heard about the benefits that the institution affords they decided to unite to be able to access the loans offered by Fundacion Espoir.

One of the members of this group is Jessica Patricia, who is 27 years old, married and from this marriage has two children of 8 and 6 years of age who study at the school. Her husband works in agriculture.

She is a homemaker and sometimes she sells clothes via catalogue and Esika products (beauty products, cosmetics, perfume and accessories for women). She does this so that she can obtain her own income and with this be able to help her husband with the household expenses since sometimes he does not earn very much. She works three days a week from two to three hours a day, and she sells on credit, requiring repayment every eight days. She has been carrying on this business for 4 years and it is going very well for her. The thing she sells most of is perfume.

She will use the loan to buy perfumes, creams, cosmetics and clothes. This is her third cycle in the communal bank and she likes it because of the help they give her as much as to her colleagues, for which they are all very grateful and happy.

Her dream is to be able to provide the best future for her children.

In this group: María Gabriela, Yamina Monserrate, Ubaldina Elizabeth, María Jacinta, Adela Mireya, Narciza Del Jesús, María Josefina, Lirice Roxana, Tania Katherine, Benita Argentina, Jessica Patricia, Gema Lucia, Eva Jessenia, Johana Margarita, Letty Azuncion, Gloria Efigenia, Jessica Karina

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Translated from Spanish by Kiva volunteer KAROLINA KOSZELSKI

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