A loan of $6,200 helped a member to buy trousers, blouses, t-shirts and shoes.

José Gregorio Hernandez (Junín) Group's story

The José Gregorio Hernández communal bank meets every fortnight in the district of Junín. This is a place known for its friendly and hardworking people, and is famous for distilling the best liquor in the province and in the whole of Ecuador.

This is a group of 13 women and 2 men who, some time ago, decided to join together to form this communal bank. It has been very useful to them, because with the loans they have been able to improve their small businesses. They are involved in a variety of businesses such as trade, services and the sale of foodstuffs, amongst other things.

One of the members of this group is Fernanda. She is 29 years old, married, and has two children from this relationship, aged 8 and 6 years, who go to school. Her husband is in trade. Fernanda is an independent women with a fighting spirit, who likes to help her husband in paying the household expenses. She sells shoes and clothes from a catalogue. Her sales method is door to door, but she also sells from home and even at her customers' homes when new stock has arrived. She takes advantage of the time when her children are at school to do her rounds. She sells on credit and collects every eight days. She goes to Guayaquil to buy merchandise as and when she needs to. She has been involved in this business for 6 years, and it is going very well for her.

She is going to use this loan to buy more merchandise such as trousers, blouses, t-shirts and shoes. She has been involved in the communal bank since the outset, and she likes it because of the help that the loans bring. Her dream is to give her children the very best.

In this group: Fernanda Belen, Gissela María, Marjorie Paola, María Elena, Ines María, Gissela Maribel, Cleotilde Belinda, Jessica Viviana, Angela Margarita, Erecito Esduardo, Juana Francisca, Euslester Patricia*, Diego Armando, Yenny Margarita*, Angela Trinidad

Translated from Spanish by Kiva volunteer Ana Maria Edlin

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