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Por Un Futuro Mejor (Cuenca) Group
In this Group: Gabriela Maria, Maria Carmelina, Laura Mariela, Maria Luz Aurora, Diana Carolina, Maria Hortencia*
* not pictured
The community bank Por un Futuro Mejor (For a Better Future) was formed in the cantón (a type of territorial subdivision) Paute. This cantón is located in the northeast of the providence of Azuay. There is an ample variety of fine food and dining and beautiful landscapes. The have the largest electronic plant in the country, Hidroeléctrica Paute (Paute Hydroelectric). Its people are cordial and very friendly, making people that visit this cantón fall in love with it. Its members are women fighters who have a great friendship, almost forming a family. They are in search of better living conditions for them and theirs.

Laura P. Z. is a member of the community bank Por un Futuro Mejor. She is 23 years old. She is the single mother of a beautiful 1 year, 8 month-old little girl whose father recognizes her. Laura lives in the house with her mother, sharing in the obligations and expenses of their home.

Our member sells all kinds of fruits in her stand, located in the market of Paute where she goes from 8:00 a.m. to 5:00 p.m., except on Wednesdays and Sundays when she works from 6:00 a.m. to 8:30 p.m. She has been in this business for two years. She tells us that at this time the sales are low, but she has hope that everything will change soon.

She has had three cycles with the foundation and she used the loans she has received to invest in increasing her business. With the new loans she requests, she’s going to buy pineapples, melons, apples, and above all else grapes because it is the most consumed fruit in this part as the year because of the traditions of our culture.

Her dream is to be able to travel to the United States to provide a better present and future for her daughter.

Diana P. is 22 years old. She is one of the youngest members of her community bank. She is the single mother of a two month-old girl whose father recognizes her. Currently, she lives in her mother’s house with whom she shares household expenses.

Our member is a merchant. She has a place in the market of Paute where she sells sweets that she acquires in order to resell them. Her work schedule is from 8:00 a.m. to 5:00 p.m. everyday. She has been in this business for a year and a half and she feels happy because it is going well for her.

This is her second cycle with the foundation. She commented to us that the loans she received have been invested in her business, and the new loan she requested will be invested in the care of her tender little girl, to buy milk and diapers.

Her dream is to have a bigger business to give better service and assorted products to her discerning clientele.
View original language description ↓
El banco comunal Por un Futuro Mejor se formó en el cantón Paute, este cantón se encuentra en el corredor Nororiental de la Provincia del Azuay, tiene una amplia variedad de gastronomía, paisajes hermosos, cuenta con la central eléctrica más grande del país como es la Hidroeléctrica Paute, su gente es cordial y muy amable haciendo que las personas que visitan este cantón se enamoren del mismo. Sus integrantes son mujeres luchadoras que tienen una gran amistad entre todas formando casi una familia en busca de mejores condiciones de vida para ellas y los suyos.

Laura P. Z. es socia otra socia del banco comunal Por un Futuro Mejor, ella tiene 23 años de edad y es madre soltera de una hermosa niña de un año ocho meses a la cual si reconoció su padre, Laura vive en casa de su madre compartiendo las obligaciones y gastos del hogar.

Nuestra socia se dedica a la venta de todo tipo de frutas en su puesto ubicado en el mercado de Paute en donde atiende de 8 a.m. a 5 p.m. excepto los días miércoles y domingo que trabaja de 6 a.m. a 8:30 p.m, lleva dos años en este negocio y nos comenta que en este momento las ventas se encuentran bajas pero tiene la esperanza que todo cambie muy pronto.

Lleva tres ciclos en la fundación y los préstamos recibidos los ha invertido en incrementar su negocio, con el nuevo préstamo solicitado va a comprar piñas, melones, manzanas y sobre todo uvas que es la fruta que más se consume en ésta época del año por las tradiciones propias de nuestra cultura.

Su sueño es poder viajar a los Estados Unidos para dar una mejor presente y futuro a su hija.

Diana P. tiene 22 años de edad es una de las socias más jóvenes de su banco comunal, es madre soltera de una niña de dos meses de nacida a la que sí reconoció su padre, actualmente vive en casa de su madre con quien comparte los gastos del hogar.

Nuestra socia es comerciante tiene un puesto en el mercado de Paute donde comercializa dulces que los adquiere para revenderlos, su horario de trabajo es de 8 am a 5pm todos los días, lleva un año y medio en este negocio y se siente contenta porque le va bastante bien.

Este es su segundo ciclo en la fundación y nos comenta que los préstamos recibidos los ha invertido en su negocio y el nuevo préstamo solicitado va a invertir en los cuidados de su tierna niña, comprar leche y pañales.

Su gran sueño es tener un negocio más grande para dar un mejor servicio y productos surtidos a su exigente clientela.

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
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $23,146,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Por Un Futuro Mejor (Cuenca) Group's $1,650 loan helped a member to buy pineapples, melons, apples, grapes and to buy milk, diapers, and medical expenses for the child.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 4, 2009
Listed
Dec 30, 2009
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2010