Forestal (Portoviejo) Group
This is a group of people that decided to come together and form this communal bank. It will help them a lot, since with these loans they will be able to improve their small businesses. They work in a variety of areas, including farming, raising animals, retail, selling food, and other things.
Mercedes is one of the members of this group. She is married (in a free union) and has three children with her husband (ages 18, 12, and 9). Her younger children are studying in school. Her husband is a bricklayer.
Mercedes is a housewife who works so as to have her own income and also help her husband with the household expenses. She sells a variety of items via catalog, including clothes, shoes, jewelry, and Yanbal, Avon, and Belcorp products (which include beauty products, makeup, perfume, and women's accessories). She works every day between 2 and 3 hours. She makes her sales on credit and collects payments every week. She has been doing this job for 6 years and got started thanks to a loan that she obtained through a bank.
This loan is to buy perfume, creams, makeup, and underwear. This is her first loan with this communal bank and was previously involved in another bank for more than 6 years. Her goals include giving her children the very best.
Este es un grupo de personas que decidieron unirse y formar este Grupo De Crédito que les va a servir de mucho ya que con los créditos ellos van mejorar sus pequeños negocios. Se dedican a diversas actividades tales como agricultura, cría de animales, comercio, venta de comidas entre otras actividades.
Una de las socias de este grupo es la señora Mercedes, mantiene una relación de unión libre y de esta relación tienen tres hijos de 18, 12 y 9 años de edad, los menores estudian en colegio y escuela. Su esposo es albañil.
Doña Mercedes es una ama de casa que para obtener sus propios recursos y con esto poder ayudar a su esposo con los gastos del hogar se dedica a la venta de varios artículos de catalogo como ropa, zapatos, joyas y productos de Yanbal, Avon y Belcorp (productos de belleza, cosméticos, perfumería y accesorios para damas). Trabaja todos los días de dos a tres horas al día, ella deja sus productos a crédito y cobra cada ocho días. Tiene 6 años que se dedica a esta actividad la misma que empezó con uno de los créditos que recibió del banco.
Este crédito es para comprar perfumes, cremas, cosméticos y ropa interior. Este es el primer ciclo en el Banco Comunal pero ya estaba en otro grupo desde hace más de 6 años. Sus sueños son darles lo mejor a sus hijos.
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.
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Success!! The loan was 100% repaid