Funded

Total loan: $6,225
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Nueva Kenedy (Montecristi) Group


A loan of $6,225 helped a member to buy clothes, shoes, perfume, creams and cosmetics.


Nueva Kenedy (Montecristi) Group's story

The “Nueva Kennedy” communal bank consists of 11 women and one man who decided some time ago to join together to receive these loans that have helped them much to improve their quality of life. They meet every fifteen days in Montecristi Canton known for its rich pre-colonial culture and for its crafts that are known nationally and internationally; it’s where the famous straw hats come from.

One of the members of this group is Jenny, 34. She’s married and has two children who are 13 and 11 years old. The oldest attends secondary school and the youngest primary school. Her husband works as a lathe operator.

Jenny is a housewife who in order to earn income of her own to help her husband who doesn’t earn much at work sells clothes, shoes and Avon and Yanbal products via catalog (beauty products, cosmetics, perfumery and women’s accessories). Her method of sales is door-to-door and she works two to three hours daily. She sells on credit and collects payments every 8 days. She’s been doing this for five years and helps her husband especially with costs of her children’s education which is most important to her.

This loan is to buy clothes, shoes, perfume, creams and cosmetics. This is her third cycle in the communal bank and she likes it because of the help the loan provide. Her dream is that her children have a good education.

In this group: Jenny Yanet, Lilia Emperatriz, Ana María, Rosana Eduvigues, Martha Annabel, María Brigida De Las Mercedes, María Isabel, Mayra Alejandra, José Luis, Yessenia Del Pilar, Adriana Monserrate, Diana Jackeline
*not pictured

Translator profile picture

Translated from Spanish by Kiva volunteer Polliz


Loan details

Loan length:

8 months
Disbursed date: September 30, 2013
Facilitated by Field Partner: Fundación ESPOIR

Lenders and lending teams




Loan details

Loan length:

8 months
Disbursed date: September 30, 2013
Facilitated by Field Partner: Fundación ESPOIR