A loan of $5,150 helped a member to purchase supplies and three pigs.


Los Pilares (Portoviejo) Group's story

In the sector of the Colón parish of the city of Portoviejo known as 4 Corners, the members of the Los Pilares credit group meet every 15 days. They work in various businesses, like agriculture, or general commerce. They decided to band together in order to access the benefits that the institution provides and improve their businesses with loans.

One of the members is Idaudo. He is married and has three adult children. His wife is a merchant. Idaudo is a very hardworking man who enjoys moving his family forward by working hard.

With his wife, he has a supply store in his home, where he sells various types of household goods. He needs this loan so that he can invest part of it in his store, and he will use the other part to purchase three pigs. He hopes to raise the pigs for four months and then, when they are the right weight, sell them to local merchants.

They have worked at their store for more than ten years and hope that raising pigs will increase their income. This loan is to purchase supplies for the store and three pigs to raise. He has been a part of the credit group since it began and likes it because the loans are very helpful. His dreams are to move forward and improve his store.

In this group: Tanyita Asuncion, Shirley Magdalena, Pilar Monserrate, María Sofia, Bertha Colombia, Isabel Del Rocio, Rosa Isabel*, María Auxiliadora*, Cielo Paola, Magaly Alexandra, Idaudo Hadeno, Monserrate Obdulia
*not pictured

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Translated from Spanish by Kiva volunteer Meghan Rishel


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