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Arco Iris (Cuenca) Group
In this Group: Maria Rosario, Mariana De Jesus, Nancy Patricia*, Ligia Narcisa, Marcia Beatriz, Sonia Beatriz
* not pictured
The communal bank, "Arco Iris" (Rainbow) is located in the Tres Marías neighborhood in the parrish of Turí, which is 15 minutes outside the city of Cuenca. It's a semi-urban sector, the climate is cold, and the people are dedicated to agriculture and business. They celebrate the town's founding during the month of May. During this time, different activities are held like games, fireworks, and other fun things that attract people from both inside and outside the town.

The bank is formed of 7 members who are very responsible and friendly with everyone. The group is very united and collaborative. They are also very dedicated to their work.

We will now profile some of the members of the bank:

María lives in the Tres Marías neighborhood, is 64, and has been a widow for 20 years. She hasn't re-married. She has 5 children who are 40, 36, 34, 32, and 30. The oldest 4 are already married with families of their own. Her youngest son is still single and lives with her and keeps her company. All of her children help her financially since she has medical checkups all of the time since she suffers different illnesses because of her age. She tells us that she can no longer farm her land, and because of this, she has given her children their inheritance so they can keep farming it.

She has been a member of the bank for 3 years and has had several loans. She raises chickens, which will be ready for sale in approximately 2 months. She sells plucked chickens by the pound to stores or at market.

She now has 50 chickens, and she will invest the loan in the purchase of feed and more chickens so she can expand her business. Her goal is that God gives her life and health to keep helping her children and to see them reach their dreams that they have made for themselves in life.

Marcia lives in the Tres Marías neighborhood. She is 26, is married, and her husband helps her with their home's expenses since he works in construction. Between them, they have a good marriage, and they have two children, who are 7 and 6. They go to the Aurelio Ochoa school in their community and live with them.

Marcia works in a jeans factory from 8am-12pm and 1pm-5pm. She also is raising 15 chickens and 45 guinea pigs. She says she doesn't find it difficult to have 2 jobs. In fact, it gives her a lot of advantages since she has been able to buy materials like metal and bricks to construct her home.

Her loan will be invested in the purchase of more chickens to expand her business since each pair of chickens costs $5.50. Her goal is to get ahead, to construct her home, and to give her children a better future.

Mariana lives in the Tres Marías neighborshood, is 52, and married. Her husband is retired and keeps her company in the house. They have 5 children, who are 29, 26, 22, 20, and 18. All of them live with her, work, and help her financially. They live in their own home that they constructed with hard work when they were younger.

Mariana does domestic chores, practices agriculture, and raises animals. She has 70 guinea pigs, 40 chickens, 3 pigs, and 8 turkeys. She doesn't have a fixed work schedule. She sells the vegetables she grows at a market in Cuenca.

She has worked with Fundación Espoir for 3 years, and she has had several loans. The members are very united and get along very well. At each meeting, you can find laughter and jokes because this is a very happy group.

This loan will be used to buy more chickens and guinea pigs since each guinea pig costs $5. Their goals are to keep raising animals since this is their source of income.
View original language description ↓
El Banco Comunal Arco Iris esta ubicado en el barrio Tres Marías de la parroquia Turí, a 15 minutos fuera de la ciudad de Cuenca, es un sector semiurbano, su clima es frío, su gente se dedica a la agricultura y el comercio, sus fiestas patronales las celebran en el mes de Mayo, en estas se realizan diferentes actividades como juegos pirotécnicos, vacas locas, castillos, y muchas diversiones que llama la atención a propios y extraños.

El banquito esta conformado por 7 socias quienes son muy responsables y agradables con todos, el grupo es muy unido y colaborador así como también muy dedicado a sus labores.

A continuación citamos algunas socias que pertenecen al banquito y cuentan su testimonio:

María vive en el barrio Tres Marías, tiene 64 años de edad, es viuda hace 20 años y no se ha vuelto a casar, tiene 5 hijos de 40, 36, 34, 32 y 30 de edad, los 4 primeros ya casados y con familia cada uno, el ultimo hijo todavía soltero vive con ella y es su compañía, todos sus hijos le ayudan económicamente ya que tiene que realizarse chequeos médicos todo el tiempo debido a que sufre muchas enfermedades y también por su edad, nos cuenta que ella ya no puede cultivar las tierras y debido ha esa razón entrego todo en herencias a sus hijos para que ellos las sigan cultivando.

Tiene 3 años siendo socia y ha realizado ya varios préstamos, se dedica a la crianza de pollos los cuales están listos para la venta en unos 2 meses aproximadamente, los vende pelados por libras, y los entrega en tiendas o en el mercado.

Ahora tiene 50 pollos, el préstamo realizado lo va ha invertir en el alimento y compra de más pollos y así ampliar más su negocio, su meta es de que si Dios le da vida y salud seguir ayudando ha sus hijos y verles a ellos realizar sus sueños que se plantearon en la vida.

Marcia vive en el Barrio Tres Marías, vía ha Punta Corral, tiene 26 años es casada y su esposo le ayuda económicamente en la casa ya que trabaja en la construcción y entre ellos tienen una buena relación matrimonial en la cual concibieron 2 hijos de 7 y 6 años ellos estudian en la escuela Aurelio Ochoa de la comunidad y viven en la casa de sus padres.

Marcia trabaja en una fábrica de jeans de 8am a 12pm y de 1pm a 5pm de la tarde, también tiene un criadero de 15 pollos y 45 cuyes, cuenta que no tienen dificultad en sus 2 trabajos, a lo contrario le da muchas ventajas ya que así ha logrado comprar materiales como son hierro y ladrillo para la construcción de su vivienda.

El préstamo lo va ha invertir en la compra de más pollos y ampliar su criadero ya que cada pareja de estos le cuestan 5,50, su meta es seguir adelante como hasta ahora lo ha hecho para construir su vivienda y darles un mejor futuro a sus hijos.

Mariana vive en el Barrio Tres Marías, tiene 51 años es casada, su esposo es jubilado y le hace compañía en la casa, en su vida matrimonial han procreado 5 hijos de 29, 26, 22, 20 y 18 años de edad, todos viven con ella, trabajan y le ayudan económicamente, viven en casa propia ya que con el esfuerzo y el trabajo en su juventud la construyeron.

Mariana se dedica a los quehaceres domésticos, agricultura y a la crianza de los animales, tiene 70 cuyes, 40 pollos, 3 chanchos y 8 pavos, no tiene horario fijo de trabajo, las verduras que cultiva en su terreno las vende en la feria libre (lugar comercial de Cuenca).

Lleva 3 años trabajando junto a la FUNDACIÓN ESPOIR y ya ha realizado varios préstamos. Entre las socias son muy unidas y se llevan muy bien y así lo demuestran en cada reunión ya que siempre se encuentran entre risas y bromas es un grupo muy alegre.

El préstamo que realiza hoy es para comprar mas pollos, cuyes ya que el costo de cada cuy pequeño es de 5 dólares, sus metas es seguir con crianza de los animales ya que es su sustento.

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
  • 49
    View loans »
    Ecuador Loans Fundraising
  • $24,292,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Arco Iris (Cuenca) Group's $1,775 loan helped a member to buy more chickens, guinea pigs, and feed for their animals and to expand their businesses.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2010