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Cuen- Las Rositas Group
In this Group: Maria Hortencia, Rosa Balbina, Maria Rosa, Maria Asuncion, Maria Narcisa, Rosa Cristina, Luis Alberto, Maria Natividad, Martha Rosana, Wilman Francisco
The Las Rositas Communal Bank is a group of 10 members who live in the Ingapirca community, about a half hour outside the city of Cuenca in southern Ecuador. The group formed relatively recently less than two years ago, but the members have been very reliable and responsible. The bank practically runs itself without too much help from their loan officer.

They are very warm, kind-hearted women, and are very eager to be one of Fundación ESPOIR’s top communal banks to join Kiva. Most of the members work in agriculture and cattle farming.

For example, Maria is 25 years old and lives with her partner and 5-year-old son. She works at home, looking after her son and raising guinea pigs and chickens. She currently has 40 guinea pigs and 36 chickens. She is requesting a $150 loan to build a chicken coop because if they aren’t well looked after they die or don’t lay eggs. Her future goal is to build a house for her family; she currently lives in the house of her in-laws. She had never taken out a loan before finding out about Fudación ESPOIR and says that she doesn’t know of any other credit institutions in her community.

Maria Asunción is 35 years old and married with a 5-year-old son. She grows vegetables like carrots, onions and garlic, and also raises animals. She currently has 30 guinea pigs, 15 chickens and one cow. She sometimes sells her produce at the Cuenca market; she travels to the city every two weeks to sell there. She is requesting a $100 loan to purchase carrot and onion seeds, and fertiliser for her land. This is her third loan with her communal bank. She says that she joined the group because it suited her well and her loan officer comes to the town to run the meetings and distribute the loans. Her future goal is to raise a flock of chickens from the city (instead of the country chickens she currently raises). The chickens from the city are a little more difficult to raise, she says, because they are more delicate, but they grow quickly and are better quality, and therefore more profitable.

The other members will use their loans to purchase fertiliser and pigs. The group is very committed to being punctual and responsible in repaying this loan.
View original language description ↓
El Banco Comunal Las Rositas es un grupo de 10 socias que viven en la comunidad de Ingapirca, aproximadamente media hora fuera de la ciudad de Cuenca en el sur de Ecuador. Es un grupo que recién se formó hace menos de dos años, pero las socias han sido muy cumplidas y responsables y el banco casi se maneja solo, sin mucha ayuda de su promotora de crédito.

Son señoras muy cálidas y cariñosas, y están muy animadas con ser uno de los primeros bancos comunales de la Fundación ESPOIR para entrar a Kiva. La mayoría de las socias se dedican a la agricultura y la ganadería.

Por ejemplo, la señora Maria tiene 25 años y vive con su pareja y su hijo de 5 años. Ella trabaja en la casa cuidando a su hijo y criando cuyes y gallinas; actualmente tiene 40 cuyes y 36 gallinas. Está pidiendo un crédito de $150 para poder construir pequeñas casas para sus gallinas, porque si no se las cuida bien se mueren o ya no ponen huevos. Su meta para el futuro es construir una casa para su familia; actualmente está viviendo en la casa de sus suegros. Ella nunca había sacado un crédito antes de conocer a la Fundación ESPOIR, y dice que no conoce ninguna otra institución que ofrece préstamos en su comunidad.

La señora Maria Asunción tiene 35 años y es casada con un hijo de 5 años. Ella siembra hortalizas como zanahorias, cebollas y ajo, y también cría animales. Actualmente tiene 30 cuyes, 15 gallinas y una vaca. A veces vende sus verduras en el mercado de Cuenca; viaja cada dos semanas a la ciudad para vender. Ella está pidiendo un préstamo de $100 para invertir en la compra de semillas de zanahoria y cebolla y la compra de abono para sus terrenos. Este es su tercer crédito con su banco comunal, y dice que entró al grupo porque le conviene, como su promotora viene al pueblo mismo para hacer las reuniones y entregar los créditos. Su meta para el futuro es poner una cría de pollos con pollos de la ciudad (en vez de pollos del campo, los cuales está criando actualmente). Los pollos de la ciudad son un poco más complicados para criar, nos cuenta, porque son más delicados, pero crecen rápido y son de mejor calidad, por ende ganaría mas al venderlos.

Otras socias usarán sus préstamos para comprar abono para sus terrenos y para comprar crías de chanchos. El grupo está muy comprometido con pagar este préstamo de manera puntal y responsable.

Additional Information

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.

About Ecuador

  • $10,200
    Average annual income
  • 19
    View loans »
    Ecuador Loans Fundraising
  • $22,541,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Cuen- Las Rositas Group's $3,425 loan helped a member purchase livestock and organic fertilisers for their crops.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2009
Listed
Jun 29, 2009
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2010