Yanaturo Alto (cuenca) Group


Status: Paying Back

$4,475.00   Loan Amount
58% repaid

About the Group

Group Name: Yanaturo Alto (cuenca) Group
Group Members: BLANCA CELESTINA CHOCHO ILLESCAS
ZOILA TARGELIA PULLA SALINAS
MARIA JOSE BRAVO TENE
ZOILA TARGELIA SALINAS AREVALO
ROSA ELVIRA LOJA GUAMAN
CECILIA DEL ROCIO CANELOS GUAMAN
JESSICA JANINA CANELOS SANCHEZ
ZARA ROSARIO CHOCHO ILLESCAS
MARIA SOLEDAD GUAMAN NAULA
MARIA ANGELES ILLESCAS SUMBA
ESPERANZA DEL PILAR SUQUI CHUBA
LUZ MARIA TENESACA CHITACAPA
Location: Cuenca, Ecuador
Activity: Agriculture

About the Loan

Loan Amount: $4,475.00
Loan Use: Purchase livestock and other materials
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Aug 3, 2009
Date Disbursed: Jun 30, 2009
Date Funded:Aug 12, 2009

About the Country

Country:Ecuador
Avg Annual Income:$4,776.00
Currency:United States Dollars (USD)



The Yanaturo Alto Communal Bank is located west of the city of Cuenca, about 15 minutes away, and lies in the area of Lazareto del Carmen. The residents of the area are engaged primarily in agriculture and animal husbandry. There are factories that produce candles, hats and industrial machinery, and provide work to anyone who wants a manufacturing job similar to those found in larger cities. Children spend most of their time inside because of the unevenness of the land and the strong winds that blow all day long. This group consists of 12 women, all of whom are organized and well-mannered. They are devoted to different business activities, carried out both within and outside of the home. Here are some examples:


Sra. Chocho Illescas Blanca Celestina: Blanca is 27 years old, married, and has three children (ages 9, 7, and 1). The two oldest children attend school in the Yanaturo area. Her husband works in the city as a jeweler. The communal bank gathers at her house every 15 days for their meetings because she is the group president. She currently leases her home, but will own it outright in about two months when she completes the payments. During the week, Blanca spends most of her time on household chores. On the weekends or whenever people ask her, she prepares food at her customer’s house or in her own home. She learned to cook about 10 years ago when she worked at a restaurant called Balcón Cuencano. Everything she makes is well received because the food is quite tasty.


Blanca is requesting a loan of $440 USD from Fundación ESPOIR to buy pots, industrial kitchenware, and other materials needed for her work. Her future goal is to finish her house payments and, at the same time, open a restaurant.


Sra. Canelos Guamán Cecilia Del Rocío: Cecilia is a native of East Puyo, Ecuador and has lived in Cuenca 23 years. Her husband is 33 years old and also from Puyo. They have four children (ages 15, 10, 8 and 3). The first three children are students, one in high school and the other two in elementary school. Cecilia spends her time sewing, which she has been doing for about 4 months. She is not a professional yet, but is still learning. Sra. Cecilia works with Sra. Pilar Suqui, who is also a communal bank member, and asked to be part of the group. Her first loan was very beneficial because she used her $330 to buy a sewing machine and fabric. Although not yet known for her work, she is learning from Doña Pilar how to make trousers, blouses, dresses, and sportswear. She needs to purchase lycra fabric, which costs $5.80 per yard. Her work schedule runs between 8am-12pm and 2pm-5pm. She also works on the weekends during the morning. She is able to get much accomplished on the weekends because her husband helps with the household chores. He works as a company driver and is off on the weekends. Cecilia’s goal is to continue learning her craft and open a workshop in her home.


Sra. Illescas Zumba María Ángeles: María is 55 years old, married and has 12 children between the ages of 10 and 20. She doesn’t remember the exact ages of each of them. Four of them are in high school, three are in elementary school, and the older ones are working and married. She lives in a rented house because her family cannot complete the construction on their own. Her husband is a farmer, and when he is not working, he helps around the house. She spends her time performing household chores (including washing clothes), raising animals, and cultivating crops. Starting on Thursdays and through the weekend, she washes clothes for neighbors. She charges $1 per dozen garments, $0.50 for blankets, and $0.25 for jackets. María is a native of Santa Ana, which is a parish in Cuenca. She has lived in Yanaturo for 18 years. She will use her loan of $330 to buy livestock that she will yoke together to plow her fields. She plans to fight through life’s struggles and hopes to own a house so that she can rest peacefully and not have to worry about the rent each month.


Translated from Spanish by Ronan Reodica, Kiva Volunteer


El banco comunal Yanaturo Alto esta ubicado al oeste de la ciudad de Cuenca, aproximadamente 15 minutos fuera de la urbe, vía a Lazareto sector del Carmen, en este lugar sus habitantes se dedican en su mayoría a la agricultura, crianza de animales, existen fábricas de velas, sombreros y mecánicas industriales que brindan trabajo a personas que desean trabajar en el sector, por ser un sector elevado a comparación de la ciudad, el desnivel del terreno y por ser un sector semiurbano todo el día sopla un fuerte viento que es lo que hace que los niños permanezcan en su gran mayoría dentro de sus casas, este banco esta conformado por 12 mujeres trabajadoras, organizadas y bien llevadas, se dedican a diferentes labores sean en la casa o fuera de ellas, es así por ejemplo citamos unas de ellas:
Sra. Chocho Illescas Blanca Celestina
Blanca tiene 27 años de edad, es casada y tiene tres hijos de 9,7 y 1 año, los dos primeros estudian en la escuela del sector que lleva el nombre de Yanaturo, el esposo se dedica al arte de la joyería en la ciudad, la casa donde vive y realiza las reuniones cada 15 días ya que ellas es presidenta del Banquito Comunal es arrendada, cuenta que tiene casa propia por el sector pero aún no termina, posiblemente a unos dos meses se pasa a su propia casa, Blanca se dedica exclusivamente a quehaceres domésticos, los fines de semana y cuando la soliciten realiza comidas a domicilio o en su propia casa, le gusta cocinar hace mucho tiempo, aprendió más o menos hace unos 10 años cuando trabajaba en el restaurant Balcón Cuencano, todo lo que le piden ellas los realiza y cuenta que tiene mucha acogida ya que su comida es muy sabrosa.
El crédito que Blanca solicitó a la Fundación ESPOIR fue de 440 dólares, los cuales invirtió adquiriendo una cocina industrial, ollas, trastos y otros materiales que se necesitan para sus labores, su meta en el futuro es poder terminar su casa y en la misma ponerse un local de comidas (restaurant).
Sra. Canelos Guamán Cecilia Del Rocío
Cecilia es oriunda del Puyo al Oriente del Ecuador, vive en Cuenca 23 años, su esposo es también del Puyo, es de 33 años de edad, casada y tiene cuatro hijos de 15,10,8 y 3 años, los tres primeros estudian el uno en colegio y los otros dos en la escuela, Cecilia se dedica a la costura, no es todavía profesional esta aprendiendo todavía, ya lleva esta trabajo más o meno unos 4 meses, trabaja con la señora Pilar Suqui que es también socia del banquito, ella la invitó a que se integre al banco, es su primer crédito y cuenta que es muy beneficioso ya que con lo que ha pedido el crédito de 330 dólares ha podido comprarse una máquina de coser y telas con las cuales trabaja. Como todavía no sabe bien trabaja con una socia doña Pilar ella la enseña, realiza pantalones, blusas, vestidos, y en especial ropa deportiva por lo que necesita comprar telas licra circuito que esta a 5.80 dólares la yarda, su horario de trabajo es de 8 a 12 y de 2 a 5 de la tarde y cuando tienen obras se quedan también los fines de semana hasta la madrugada, aprovecha los fines de semana para adelantar más el trabajo ya que su esposo como es chofer de una compañía descansa los fines de semana y le ayuda en casa con las ocupaciones. Su meta es poder aprender bien la profesión y ponerse un taller independiente en su propia casa.
Sra. Illescas Zumba María Ángeles
María tiene 55 años de edad, es casada y tiene 12 hijos, entre 30 y 10 años, ya ni se acuerda cuantos años tienen cada uno de ellos, los cuatro hijos están en el colegio, tres en la escuela, y los mayores trabajan y son casados, vive en una casa arrendando porque la suya no pudo terminar solo esta comenzada, su esposo se dedica a la agricultura y cuando no tiene trabajo la ayuda en casa, María se dedica a la casa, crianza de animales, a lavar ropa ajena y también a la agricultura, los fines de semana a partir del día jueves sale a lavar ropa de las vecinas que le pagan 1 dólar por cada docena de prendas que lava, cada cobija cobra 0,50 centavos de dólar y 0,25 centavos las casacas. Es oriunda de Santa Ana una parroquia de Cuenca, vive en Yanaturo ya unos 18 años, pidió 330 dólares de préstamo para comprar ganado (yunta) debido a que se van acercando las siembras utilizan la yunta para arar, su meta es seguir luchando en la vida y poder terminar su casita para poder descansar en paz sin tener que estar pensando cada mes en el arriendo.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Lenders to this group

Jillian
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howard and maureen
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Jody & Leo
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Matt
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Papa Dave & Connie
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nickdag
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Fernando Doylet
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Sarah
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Matthew
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Ehren
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Bob Harris
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Pascal

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Susan
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Stefanie
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David
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Freida
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Beth
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Brian
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Cyril
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The Altom/Shook Family
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Jacobson Family
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Melissa
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Peter
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Jeremy & Betsy
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Gary & Crew
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Geoff

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Patricia
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Ron
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Eli & Sven
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Sarah
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Sarah & Josh
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Anonymous
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Lexie
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Mell
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Daneil
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Robert
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rosemary
atlantic city, NJ
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Steven
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Jakob
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Bianca
Santa Monica, CA
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deborah
Lincoln, MA
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Ishaque
East Windsor, NJ
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Adonicus
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Gary
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Melissa
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Aaron
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Anonymous
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Anonymous
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Anonymous
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Millington, MI
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Mt prospect, IL
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Newport Beach/NYC, CA/NY
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LaFayette, NY
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judy
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Cindy
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Paul
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Richard
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Kris
Poulsbo, WA
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Conor
salem, MA
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Meredith
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hallee
crozet, VA
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ali

Björn

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Judy
Houston, TX
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Andrew
Amesbury, MA
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Anne Marie and Miguel
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Socrates
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william
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Susan
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Jan Willem
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Zaid

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Ann
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Jelly
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Margi
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Anonymous
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Louis
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Victor Felix
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Xenogeny
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mehori
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aGiantGirl
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Preston
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Karen
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Carole
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Minki
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Bob
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Susan
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Chef Michael Madigan
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Rainer Carlo
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Neil
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Gary & Edith
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Michael
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Travis
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Devin
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Rob
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Pamela
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Eivind
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patrick
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Mark
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Ted & Katty
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Anonymous
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Elisabeth
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cej
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Elle
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Fong Fong Foundation
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Alice
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Anonymous
Greenville, SC
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Miia
Helsinki,
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Andreas & Knut (Germany)
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Journal entries for Yanaturo Alto (cuenca) Group


Loan has been disbursed
 
Entrepreneur: Yanaturo Alto (cuenca) Group
Location: Cuenca, Ecuador

Thank you for your loan. It has been disbursed to Yanaturo Alto (cuenca) Group, consisting of BLANCA CELESTINA CHOCHO ILLESCAS , ZOILA TARGELIA PULLA SALINAS, MARIA JOSE BRAVO TENE , ZOILA TARGELIA SALINAS AREVALO , ROSA ELVIRA LOJA GUAMAN , CECILIA DEL ROCIO CANELOS GUAMAN, JESSICA JANINA CANELOS SANCHEZ , ZARA ROSARIO CHOCHO ILLESCAS , MARIA SOLEDAD GUAMAN NAULA , MARIA ANGELES ILLESCAS SUMBA , ESPERANZA DEL PILAR SUQUI CHUBA , LUZ MARIA TENESACA CHITACAPA by Fundación ESPOIR in Ecuador. We are excited to watch this business grow. Over the 5 months of this loan, Fundación ESPOIR will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Cuenca, Ecuador
Aug 13, 2009
Comment on this entry

Kiva Field Update - Message from Kiva Fellow in Ecuador
 
Entrepreneur: Yanaturo Alto (cuenca) Group
Location: Cuenca, Ecuador

Dear Lender,

As you may know, all Kiva loans are actually administered by local field partners. For the past couple of months, I have been working as a Kiva Fellow with Fundación ESPOIR, a brand new Kiva field partner. Over the course of the summer, I’ve had the privilege of meeting Espoir’s first batch of Kiva borrowers and hearing their stories.

A couple of the most memorable stories I heard were from two young women who are using loans to help run their small businesses while also pursuing their education. The first, Verónica Acurio, worked for years in her parents’ restaurant before deciding to open a restaurant of her own. She now has her own restaurant and uses the profits to pay for medical school. She has one year of studies left before becoming a full-fledged doctor. Despite her impressive accomplishments, Verónica is very down to earth and not at all boastful. Before her Kiva interview, most of her fellow group members didn’t even realize that she is a medical student.

Another Kiva client, Ana Lucia Chapa, lives in the rural community of Turi with her husband and her four-year-old son. Monday through Friday, she makes the long commute to and from the city of Cuenca, where she works full-time as a housekeeper. She also raises guinea pigs, sheep, and cows at home for extra income. Ana Lucia dropped out of school when she was 14 to start working so that she could help support her family, and so she never finished high school. After she got married, though, she decided that she wanted to be a veterinarian, and started going to school on the weekends to earn her high school diploma. She still has eight or nine years of education ahead of her before she can officially become a veterinarian, but she has a great attitude and is determined. Her family has been supportive and her parents and in-laws help take care of her son while she works and studies.

Both Veronica and Ana Lucia are 23 years old, just like me. When I heard their stories, I was impressed that they could juggle so many responsibilities simultaneously and overcome such daunting obstacles in pursuit of higher education, which is more than I can say for myself. Both are cheerful and upbeat despite the difficulties they face and the long hours they put in, seven days a week. I hope to return to Cuenca ten years from now and find them both in white coats, running their own successful businesses of another sort.

Kiva clients aren’t the only people at ESPOIR with inspiring stories of upward mobility. I’ve also had the privilege of meeting staff at ESPOIR’s headquarters and four different branch offices. All received me warmly and touched me with their hospitality and generosity, but I was particularly impressed by a handful of female ESPOIR loan officers who were once village bank clients themselves. For these women, becoming loan officers is an important step forward in their lives. They find the work difficult but also quite gratifying, and are happy to be helping clients because they know how it feels to be a small-scale entrepreneur in need of business capital.

It has been exciting and inspirational to see success stories like these during my fellowship with Fundación ESPOIR. I hope you continue to support Ecuadorian entrepreneurs through ESPOIR!

To search for currently fundraising ESPOIR loans on Kiva, click here . No currently fundraising clients? Please check back soon! In the meantime, you can join ESPOIR’s Kiva Lending Team.

Best regards,

Cynthia McMurry

Kiva Fellow


Posted by Julie Ross, Kiva Staff, from San Francisco, United States
Sep 10, 2009
Comments (5)

Kiva Help Repayment Schedule for Yanaturo Alto (cuenca) Group

  Expected Repayments Actual Repayments Comments
October 2009 $1,118.75 $1,118.75 Repayment Received
November 2009 $745.83 $745.83 Repayment Received
December 2009 $745.84 $745.84 Repayment Received
January 2010 $1,118.75 Available Jan 1  
February 2010 $745.83 Available Feb 1