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El Tocte (Cuenca) Group
In this Group: Rosa Matilde, Luis Angel, Norma Lucia, Ana Lucia, Maria Ana, Carmen Jesus*, Zoila Maria, Rosa Leticia, Maria Zoila
* not pictured
The Tocte Community Bank is based in the beautiful city of Cuenca, which is home to artists, writers and sportsmen. The city has a priceless wealth of architecture and history and welcomes domestic and foreign tourists to see all the natural beauty that the city and its surroundings offer.

This bank is composed of both men and women entrepreneurs with a daily desire to overcome both at home and in their community to give their families a better quality of life based on values such as honesty, hard work and mutual support to achieve their objectives.

Mrs. Norma Lucia Court is a member of the Tocte Community Bank and lives in the town of Gualaceo on the outskirts of the city of Cuenca. She is 21 and lives with her husband and child of 1 year and 4 months of age. Her husband works as roof designer, and they jointly care for the house and live there but still do not own their own home.

Norma splits her time between household chores and raising animals like guinea pigs and chickens to sell to her neighbors in the community and for consumption at home.

She has been with her community bank for three cycles and says that the loans have helped to buy animals and food. With this new loan provided by Fundación Espoir, she will buy more guinea pigs, chickens, feed and vitamins for breeding in order to increase the size of her farm.

Mr. Luis Z. is the only man in his village bank. He lives in the parish of Jadan in the Tocte sector. He is 29 years old, is unmarried and lives with his parents who he supports financially a bit. He has a 6-year old for whom he covers the costs of living and study.

Luis works as a roof designer and has his own workshop. He has been working for 12 years in this job. His hours are Monday through Friday. He also has a small stand at the local market where he mainly sells thread, needles, wool and more items for crafts.

This is his third cycle working with his community bank. He stated that the loans have greatly helped him to buy materials needed for his work. With the new loan provided by Fundación Espoir, he is going to buy materials such as reeds to further develop roofs in order to keep his inventory stocked and to provide good service to his customers.

His big dream is to become a great trader.
View original language description ↓
El Banco Comunal Tocte se formó en la hermosa ciudad de Cuenca, cuna de artistas, escritores, deportistas, dueña de una riqueza incalculable de arquitectura e historia acoge al turista nacional y extranjero para brindarle toda la belleza natural que encierra la urbe y su entorno.

Este banco lo integran hombres y mujeres emprendedores con deseos de superarse cada día tanto en sus hogares como en su comunidad para ofrecer a sus familias una mejor calidad de vida basada en valores como la honestidad, el trabajo, la ayuda mutua para alcanzar los objetivos planteados.

La señora Norma Lucía C. es socia del banco comunal el Tocte, vive en el cantón de Gualaceo a las afueras de la ciudad de Cuenca, tiene 21 años convive con su esposo y su niña de un año cuatro mese, su cónyuge trabaja como estuquero, cuidan una casa y en ella habitan ya que aún no tienen casa propia.

Norma comparte sus actividades entre los quehaceres domésticos y la cría de animales como cuyes y gallinas para venderlos a sus vecinos de la comunidad y para el consumo en casa.

Lleva tres ciclos trabajando con su banco comunal, nos comenta que los préstamos le han ayudado para comprar sus animales y su alimento, con el nuevo préstamo que la FUNDACION ESPOIR le entregue va a comprar más cuyes y gallinas, alimento y vitaminas para su crianza para incrementar su criadero.

El señor Luis Z. es el único hombre en su banco comunal, él vive en la parroquia de Jadan en el sector el Tocte, tiene 29 años de edad, se encuentra soltero y vive con sus padres apoyándolos un poco económicamente ya que tiene un hijo de 6 años por lo que tiene que solventar los gastos de mantención y estudio de su niño.

Luis trabaja como estuquero tiene su taller propio lleva 12 años trabajando en este oficio, su horario es de lunes a viernes, también tiene un pequeño bazar donde expende principalmente hilos, agujas, lanas y más artículos para las manualidades.

Lleva tres ciclos trabajando con su banco comunal y nos comenta que los préstamos le han ayudado mucho para comprar los materiales necesarios para su trabajo, con el nuevo préstamo que la FUNDACION ESPOIR le entregue va a comprar materiales como carrizo, cal, para seguir elaborando las planchas de cielo raso para mantener abastecido su negocio y dar un buen servicio a sus clientes.

Su gran sueño es llegar hacer un gran comerciante.

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
  • 67
    View loans »
    Ecuador Loans Fundraising
  • $23,510,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of El Tocte (Cuenca) Group's $2,200 loan helped a member buy chickens, guinea pigs, animal feed and vitamins, buy roofing materials.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010