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Vegaspamba (Cuenca) Group
In this Group: Carmen Amelia, Ana Cecilia, Mariela Alexandra, Zoila Mercedes, Ruth Cecilia, Flor Ermencia, Lina Marlene, Lus Maria*, Rosa Balvina, Maria Eugenia, Maria Ines, Zoila Elena, Maria Mercedes
* not pictured
The Vegaspamba Communal Bank was established in the community of the same name within the city of Cuenca. The residents engage in agriculture, primarily the cultivation of corn and vegetables. The area is well-known for its colorful festivals, traditional music, local customs (such as climbing the grease pole), fireworks, and numerous attractions that bring in domestic and foreign tourists. The Communal Bank consists of members who are related to one another. They are looking for new ways to be productive and generate income so that their families can have a better quality of life.


Sra. Flor F. D. is a member of the Vegaspamba Communal Bank. She lives in the San Joaquin Parrish located on the outskirts of Cuenca. She is 32 years old and has been separated from her husband for four years as a result of misunderstandings and a lack of communication. Flor is the mother of seven children ranging in age from 3 to 17. Her oldest daughter works as a housekeeper in order to help with the household expenses. The other children are students in either elementary or secondary school. Only her nine year old son lives with his grandmother in the community of Vegaspamba. Flor’s house is made only of boards and sheets of zinc.


Flor is engaged in agriculture, planting all types of vegetables so that she can sell them at the open fair or in the markets of Cuenca. She has been farming for many years since she learned the trade from her parents. Her work begins every day at 4am. On Wednesdays and Saturdays, she travels to the fair.


This is her fourth cycle working with the Institution. She used her previous loans to purchase seeds for planting crops. Flor also received training on how to save money. With this new loan from Fundación ESPOIR, she will purchase seeds for growing lettuce, tomatoes, spinach, carrots, broccoli, and other vegetables. Part of the money will be used to buy school supplies for her children.


Her goal is to increase her crop output and improve her financial situation so that her children can have a better future.


Sra. Rosa D. is also a member of the Vegaspamba Communal Bank and lives in the community of the same name. She is 57 years old and has been separated for 18 years when her husband abandoned the family. Rosa has six children, all of whom are married. Her home is a result of all the hard work she has performed since she was a young woman. Rosa currently lives with her grandson, who attends school in Vegaspamba. He is the only person who provides her company.


Rosa produces handmade sweaters. She took up weaving six years ago when friends from the neighborhood taught her this skill. Rosa now instructs other women how to start this type of business in their own communities. The women she teaches produce mainly nylon bags.


Rosa is participating in her fourth cycle with the Foundation. She says that her previous loans were a great help because they enabled her to maintain her business. With this new loan from Fundación ESPOIR, she will purchase bags for her business and some food for household consumption.


Rosa hopes to remain financially stable.

View original language description ↓
El banco comunal Vegaspamba se formó en la ciudad de Cuenca en la comunidad del mismo nombre, su gente se dedica a la agricultura principalmente de maíz y hortalizas; este es un lugar muy famoso por sus coloridas fiestas, la música tradicional y costumbres como el palo encebado entre otras y los fuegos artificiales son atractivos que atraen al turista nacional y extranjero. Los integrantes de este banco son en su mayoría familiares que se agruparon para buscar nuevas alternativas de producción y generar ingresos económicos para sus familias y conseguir una mejor calidad de vida.

La señora Flor F. D. es socia del banco comunal Vegaspamba, ella vive en la parroquia de San Joaquín a las afueras de la ciudad de Cuenca, tiene 32 años de edad se separó de su esposo hace cuatro años por la incomprensión y falta de comunicación con su cónyuge, es madre de siete hijos de: 17, 12, 10, 9, 8, 6, 3 años, su primera hija trabaja como empleada domestica y le ayuda con los gastos de la casa, sus otros hijos son estudiantes de primaria y secundaria, solo su hijo de nueve años vive con su abuela en la comunidad Vegaspamba, su casa es propia construida sólo de tablas y hojas de zinc.

Flor se dedica a la agricultura, siembra toda clase de verduras que luego las vende en la feria libre o en los mercados de Cuenca, esta actividad la vienen realizando por muchos años hereda de sus padres, sus laborares empiezan a las 4 de la mañana todos los miércoles y sábado que son días de feria

Este es su cuarto ciclo trabajando con la institución y nos asegura que los créditos recibidos han invertido en la compra de semillas para sus cultivos y también ha recibido educación de cómo ahorrar; con el nuevo préstamo solicitado a la FUNDACIÓN ESPOIR va a comprar semillas de otras legumbres de ciclo rápido como lechuga, tomate, acelga, zanahoria,brócoli, etc. y para la compra de útiles escolares para sus hijos.

Su meta es incrementar sus cultivos y mejorar su situación económica para darles un mejor futuro a sus hijos.

La señora Rosa D. es socia del banco comunal Vegaspamba, vive en la comunidad del mismo nombre, tiene 57 años de edad, se encuentra separada hace 18 años que su esposo la abandono con sus seis hijos, todos quienes ellos son casados, su casa es propia fruto del duro trabajo de su juventud ahí vive con su nieto que estudia en la escuela de Vegaspamba, siendo única compañía.

Rosa se dedica a la artesanía teje chompas, y hace seis años comenzó a tejer sogas y fueron sus compañeras de la comunidad quienes le enseñaron y ahora ella enseña a otras mujeres para que monten este tipo de negocio en la comunidad, siendo el material principal los sacos de nylon.

Este es su cuarto ciclo trabajando con los prestamos que la fundación entrega y con ellos ha logrado mantener sus negocios y nos comenta que le han ayudado en su negocio, con el nuevo préstamo que la FUNDACION ESPOIR, le hace entrega lo va a invertir en la compra de sacos para su negocio y un poco para la comida de su hogar.

Su sueño es de tratar de estabilizarse económicamente.

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
  • 43
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Vegaspamba (Cuenca) Group's $4,750 loan helped a member operating capital for their various business activities.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2009
Listed
Nov 13, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010