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La Gloria (Cuenca) Group
In this Group: Carmen Esperanza, Maria Rosario, Maria Transito, Maria Esther, Ana Judith, Mercedes Maria, Carmen Auxilio, Angelica Maria
The La Gloria communal bank is located in the La Gloria community which is part of the Valle parish. It is located southwest of the city of Cuenca and is renowned for its corn, cowpea, potato, etc. production. Its attraction is the Cochapamba lagoons, the Tasqui hill, which affords a beautiful view of the parish and the city of Cuenca. Its people are very simple, warm and kind like our members. Mrs. María C., 55, is one of the members of the bank. She is married and the mother of 4 children who are 32, 30, 17 and 16 years of age. Her first two are married and live independently and the last two are students at the Guillermo Mensi school in Valle. Her husband is a carpenter and they live in their own home. María has raised chickens for the past 3 years and she comments that she does well selling her chickens in the community and to neighbors who come to her house to buy them. She gets along well with all the other members of the bank. This is her first loan with the foundation which she was encouraged to request by a girlfriend. As she says: due to lack of funds one always must look for resources to be able to continue working. With the loan from ESPOIR she will buy young chicks and chicken feed. Her goal is to see her children succeed at their work and become professionals. Mrs. Carmen P., 48, is also a member of the bank. She is a single mother of three children who are 26, 22 and 10 years old. Her eldest daughter is married and lives independently elsewhere; her second oldest works and helps her mother with utility payments and her youngest son is a student at the Tomas Rendón school. Thanks to the strength of her efforts she has managed to build her own house. Carmen sells prepared meals. She slaughters a pig and prepares delicious pork stew and fried pork dishes. She also roasts chickens and guinea pigs. She has had this work for the past 15 years and does well producing earnings to sustain her household. She gets along well with all the other members of the bank. This is her first loan and she was encouraged to solicit it by a member of the community. She will use some of the financing from ESPOIR to invest in her business, some to buy school supplies for her son and the rest to buy food for her home. Her goal is to improve her house because it is currently made of adobe (wood and straw bricks).
View original language description ↓
El banco comunal La Gloria se encuentra en la comunidad La Gloria, perteneciente a la parroquia del Valle, se encuentra al suroeste de la ciudad de Cuenca, esta parroquia es reconocida por su producción de maíz, frejol, papas, etc., siendo sus atractivos las Lagunas de Cochapamba, la colina de Tasqui que permite una hermosa vista de la parroquia y de la ciudad de Cuenca, su gente es muy sencilla, cálida y amable como nuestras socias.

La Sra. María C. es socia del banco comunal La Gloria, viven en el barrio La Gloria perteneciente a la parroquia del Valle, en la ciudad de Cuenca, tiene 55 años de edad, se encuentra casada y ha procreado 4 hijos de 32, 30, 17, 16 años de edad, sus dos primeros hijos se encuentran casados y se encuentran viviendo independientemente y sus dos últimos hijos estudian en el colegio Guillermo Mensi en la parroquia del Valle, su esposo trabaja como carpintero, viven en su casa propia.

María se dedica a la crianza de pollos, realizando esta actividad desde hace 3 años y nos comenta que le va bien sus pollos los vende en la comunidad o a sus vecinas que le vienen a compara en su casa, se lleva bien con todas las socias del banco comunal, es su primer crédito en la fundación y le incentivo una amiga y por la falta de dinero hay que buscar nuevos recursos para seguir trabajando “dice ella”, con el préstamo que realiza en la fundación ESPOIR va a comprar pollos y alimento para pollos, su meta es ver a sus hijos superarse en su trabajo y que lleguen a ser unos buenos profesionales.

La Sra. Carmen P. es socia del banco comunal La Gloria, vive en el barrio la Gloria, en la parroquia del Valle, tiene 48 años de edad, es madre soltera y ha procreado 3 hijos de 26, 22 y 10 años de edad, su primera hija se encuentra casada y vive independientemente fuera de su hogar, su segunda hija trabaja y le ayuda para el pago de luz, agua y teléfono, su último hijo estudia en la escuela Tomas Rendón, con el esfuerzo de su trabaja ha logrado construir su casa propia.

Carmen tiene un negocio de venta de comida, mata un chancho y realiza unos ricos platos de sancocho, fritada etc., también asa pollos y cuyes, lleva trabajando en este negocio hace 15 años, y le va bien ya que con este negocio mantiene su hogar, se lleva bien con todas las socias del banco comunal, es su primer crédito y se animo por una socia en la comunidad, con el préstamo que recibe de fundación espoir, invertirá en su negocio, un poco de dinero para los útiles escolares de su hijo y con lo que le sobre va a comprar alimentos para su hogar, su meta es de llegar a arreglar su casa ya que esta es de adobe(lodo con paja).

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
  • 18
    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 La Gloria (Cuenca) Group's $2,550 loan helped a member to buy chickens, chicken feed, pigs, guinea pigs, school supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2009
Listed
Nov 18, 2009
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2010