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El Valle (Cuenca) Group
In this Group: Digna Mercedes, Jaqueline Del Pilar, Zoila Mercedes, Maria Rosario, Maria Barbarita*, Maria Dolores, Adolfo, Jose Lino, Rosa Balvina
* not pictured
The Valle Community Bank is comprised of nine people. It is located in the Valle parish, which is 30 minutes outside the city of Cuenca. Its members work in sales and agriculture. Most of them are farmers. Part of the population has emigrated due to lack of employment and the desire to give their families a better future. For example, we mention a few of the members who are involved in different activities.

María lives in the Paraíso Bajo commity of the Valle. She is single. She has four children ages 24, 22, 19, and 4. The first three children do not live with her; they have their own families. By herself she has been able to get ahead with her home by working at different activities. She lives in a rented house in the sector. She works as a domestic employee in the city from 9 a.m. until 1 p.m. At home in the afternoon, she works at cultivating her land and raising animals (pigs, chickens, guinea pigs). In the development of her work she has had no problems with her bosses or her neighbors. She gets along well with everyone, and she is a woman who is very blessed.

She has been a member for five years. She is very grateful to the Fundación ESPOIR because they have given her a lot of help with the loans they offer. She says the group is very united and they all get along very well. Each time they try to integrate more women to benefit from the loans.

María has been a member of the Fundación for many years. The loan she is now asking for is to buy more pigs, guinea pigs, and food (small shrubs and grass) for taking care of the animals. Her goal is to keep working to be able to have her own house.

Zoila lives in the Jaime Roldós residential area, which is located in the city of Cuenca. She is 22, single, and she lives with her parents. They live in their own home. She studied in a beauty academy until the second year. She plans to complete those studies.

She works in the 27 de Febrero market selling fruits and vegetables. The business is her own, and she has been working for 13 years. Her work schedule is from 7 a.m. until 7 p.m. every day. Her sister works with her.

She became part of the Fundación ESPOIR because she saw the benefits of the loans given and the ease of getting and repaying them. Her cousin, Maria Z., who is also a member, invited her. This is her first loan, and she expects to continue as a member for a long time because her group is very united and supportive.

Zoila will use the loan to expand her business by buying more fruit, vegetables, and products that she needs. That way she will be able to have a large stock and a variety to keep her customers.

She promises to make her payments punctually and not adversely affect her community bank. Her dream is to be able to finish her studies and to greatly expand her business.
View original language description ↓
El Banco Comunal el Valle esta conformado por un grupo de 9 personas, esta ubicado en la parroquia del Valle a treinta minutos fuera de la ciudad de Cuenca, sus socias se dedican al comercio y la agricultura, la mayor parte se dedica al cultivo de las tierras y una parte de la población a emigrado por la falta de empleo y para dar un futuro mejor a sus familias.Por ejemplo citamos a unas de las socias las cuales cumplen diferentes actividades como:

María vive en el Valle comunidad Paraíso Bajo, es soltera tiene 4 hijos de 24, 22, 19 y 4 años de edad, los tres primeros hijos ya no viven con ella ya que cada uno tiene su propia familia, ella sola ha podido sacar adelante a su hogar trabajando en diferentes actividades, vive en una casa arrendada en el sector. Trabaja como empleada domestica en la ciudad de 9 AM a 1 PM, en casa por la tarde se dedica al cultivo de sus tierras y crianza de animales (chancho, pollos, cuyes), en el desarrollo de sus labores no ha tenido dificultad ni con sus jefes ni con sus vecinos, más bien se lleva con todos ya que es una mujer muy agraciada.

Tiene 5 años siendo socia y esta muy agradecida con la FUNDACION ESPOIR ya que le ha brindado mucha ayuda con los prestamos que le ofrecen, nos cuenta que el grupo es muy unido y se llevan muy bien entre todos, tratan cada vez de integrar a más mujeres para que se beneficien de los créditos.

María es socia de la Fundación ya muchos años, el préstamo que hoy solicita lo invertirá comprando mas chanchos, cuyes y el alimento (chanca y hierva) para la crianza de los animales, su meta seguir trabajando para llegar a tener una casa propia.

Zoila vive en la ciudadela Jaime Roldós ubicado en la ciudad de Cuenca, es soltera tiene 22 años vive con sus padres, ellos viven en una casa propia, los estudios los realizo en una academia de belleza, llegando a cursar hasta el segundo año y tiene en planes la culminación de sus estudios.

Trabaja en el mercado 27 de febrero comercializando frutas y verduras, Su negocio es propio y lleva trabajando 13 años, el horario de trabajo es de 7 am a 7 pm todos los días y trabaja conjuntamente con su hermana.

Viendo los beneficios de los préstamos otorgados y la facilidad de entrega y pago de los créditos pasó a ser parte de la FUNDACION ESPOIR, su prima Maria Z. que también es socia la invitó, nos cuenta que es su primer crédito y espera seguir integrada por mucho tiempo ya que el grupo es muy unido y solidario.

Zoila solicitó el préstamo y lo invertirá para ampliar su negocio comprando más frutas, verduras y productos que le hacen falta y así poder tener un gran surtido y variedad para mantener a su clientela.

Esta comprometida a pagar puntualmente y no quedar mal con su banco comunal, su sueño es poder terminar sus estudios y ampliar mucho más su negocio.

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

  • $10,600
    Average annual income
  • 50
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of El Valle (Cuenca) Group's $2,050 loan helped a member buy more animals (pigs, guinea pigs), food for them, vegetables and fruits to expand their businesses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2010