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Sep 21, 2016 8:46 PM ET

Archived: Ecuador: Port- Las Vegas Group – A loan of $5,375 helps a member to buy water, sodas, ice creams and juice.

iCrowdNewswire - Sep 21, 2016

Port- Las Vegas Group

Portoviejo, Ecuador / Soft Drinks
Borrower image

Port- Las Vegas Group’s story

Shirley is 32 years old and has a common-law partner and four children, aged 12, 11, 8 and 6 years. Her husband is a security guard and trader. She is part of a loan group with 10 women and one man, who decided to join together a while ago to form this group, which has helped them a lot in supporting their businesses and, more recently, with the earthquake that had a great impact on both their homes and their work. These loans give them hope that they can move forward.

She is a good wife who is trying to help her husband to support their household however she can, as his salary as a security guard is not enough. He also works selling water, sodas, ice creams, juice and other drinks. He has some display cabinets in the place where he works as a guard, and on holidays and at weekends he also sets up a small shop near the beach, which is visited by many tourists who use his products. This provides him with more income in addition to his salary, which lets them keep going.

This loan is to buy water, sodas, ice creams and juice. She has been in the Loan Group for over two years and she likes it because the loans always help them a lot. Her dream is for her children to have everything they need.

In this group: Rosario Isabel, Aracely Guadalupe, Shirley Alexandra, Yenny Karina, Maira Alejandra*, Juana Doraliza*, Lucia Magdalena, Rosa De La Trinidad, Lidia Guadalupe, Luis Artemidoro, Aracely Del Carmen
*not pictured 

Translator profile picture

Translated from Spanish by Kiva volunteer Katy RobinsonView original language description 

This loan is special because:

It provides funds to entrepreneurs recovering from a natural disaster. 

Kiva staff 

More about this loan

Natural disaster recovery loans from Fundación ESPOIR are directed towards existing clients who have been adversely affected by the recent earthquakes in Northwest Ecuador.

These loans work as seed money for business owners to reactivate a devastated business and gives them the ability to generate income for themselves and their families again.  

Kiva’s low-cost, risk tolerant capital allows Fundación ESPOIR to offer a higher risk product to these specific clients, as they work to rebuild their lives and businesses.

Please note that given the circumstances, these loans have a higher level of risk than the average loan from Fundación ESPOIR in Ecuador.   

A loan of $5,375 helps a member to buy water, sodas, ice creams and juice.

Contact Information:

Port- Las Vegas Group

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