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14 De Agosto (Cuenca) Group
In this Group: Maria Martha, Norma Lucia, Hilda Marcelina, Bertha Beatriz, Maria Purificacion, Nancy Isabel, Luz Margarita, Maria Gertrudis, Rosa Carmelina, Zoila Margarita, Gladys Beatriz, Mercy Diana
The August 14th Communal Bank is formed by a group of ladies who always look for opportunities to improve in life and desire for their families to have more than what little they already have. They live in the community of Zhidmad, which is 50 minutes away from the city of Cuenca. Zhidmad is known for its beautiful scenery and the natural state of its vegetation. Most of its residents and involved in agriculture and raising livestock. The majority of the young people have migrated to the city in search of job opportunities.


Sra. Zoila J. is a member of the August 14th Communal Bank. She lives in the district of Guayan which is where the community of Zhidmad is located. Zoila is married. Her husband works as a mason, which allows him to support the family financially so that they can move forward. She and her husband own their home, which resulted after many years of effort and sacrifice.


Zoila raises chicken and cows and is also involved in farming. Her mother taught her how to perform these tasks when she was a young girl. She gets along well with her friends and Communal Bank associates because they have known each other since childhood. This is her eighth loan cycle and each one has helped her improve a little bit at a time. Sra. Maria B. was the person who convinced her to join the Communal Bank. Zoila tells us that her business has greatly benefited from the loans. She will use her current loan from Fundación ESPOIR to buy compost for her pasture. Her greatest dream is to finish construction of her house.


Sra. Nancy B. lives in the community of Cashapata in Zhidad Parrish. She is 27 years old and married. Her husband chops wood for a living since he does not work due to an accident he suffered in which he nearly fractured his spine. His arm required surgery and metal plates. Nancy spends her time performing household chores, but she also raises pigs, cows, and chickens. Most of these animals are for personal consumption since there is little grass as a result of the drought in the region. She is participating in her eighth loan cycle with the Foundation. Nancy feels at peace because the loans have helped her household. Her mother was the person responsible for convincing her to join the Communal Bank. With her loan from Fundación ESPOIR, she will purchase food for her animals, such as grasses, and feed for her pigs. Her greatest dream is for her children to have an education so that they can pursue successful careers.

View original language description ↓
El banco comunal 14 de Agosto esta formado por un grupo de Sras, que siempre buscan en la vida una oportunidad para su superación y desean que sus familia siempre tengan un poco de lo que no pudieron tener, viven en la comunidad de Zhidmad a unos 50 minutos fuera de la ciudad de Cuenca, Zhidmad es una comunidad que cuenta con paisajes hermosos y la vegetación en su estado natural, en su mayor parte su gente se dedica a la agricultura y ganadería, los mas jóvenes han migrado a la ciudad en busca de una oportunidad de trabajo.

La Sra. Zoila J., es socia del banco comunal 14 de Agosto, vive en sector de Guayan perteneciente a la comunidad de Zhidmad, tiene 43 años de edad, se encuentra actualmente casada, su esposo es albañil, actividad que le permite aportar económicamente al hogar y salir en adelante junto con su familia, la casa en la que habitan es propia y es el fruto y esfuerzo de años de sacrifico.

Zoila se dedica a la cría de pollos, vacas, y también a la agricultura, son tareas que su mamá le enseño desde que era niña, se lleva bien con todas sus compañeras y amigas por que se conocen desde que eran niñas, este es su 8 ciclo en la fundación y los prestamos le han servido para superarse un poco y fue la Sra. Maria B. quien la incentivo para integrarse a su bankito, nos comenta que los créditos le han beneficiado mucho en su negocio, con el préstamo que la FUNDACION ESPOIR, le entrega va a invertir en la compra de abono para su potrero, su gran sueño es poder terminar su casa.

La Sra. Nancy B. vive en la comunidad de Cashapata en la parroquia de Zhidad tiene 27 años, se encuentra casada, su esposo trabaja talando madera aunque por el momento no trabaja mucho ya que tuvo un accidente en el cual casi se fractura la columna, y su brazo tuvo que ser operado y puesto platina, Nancy se dedica a los quehaceres domésticos pero también cría animalitos como chanchos, vacas, gallinas, pero la mayoría de estos son para su consumo ya que esta escaso el pasto por la sequía que existe en la región, este es su 8 ciclo en la fundación y se siente tranquila ya que los prestamos le están beneficiando en su hogar, y fue su mamá la que la incentivo para integrarse a su bankito, con el préstamo que la FUNDACION ESPOIR, le entrega va a invertir en comida para sus animalitos como es hierva, alimento para sus chanchos, etc., su gran sueño es que sus hijos lleguen a tener en sus estudios una carrera exitosa.

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
  • 38
    View loans »
    Ecuador Loans Fundraising
  • $23,216,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 14 De Agosto (Cuenca) Group's $4,750 loan helped a member purchase animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2009
Listed
Jan 9, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2010