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Cumbe (Cuenca) Group
In this Group: Laura Azucena, Gloria Isabel*, Rosa Elvira, Maria Mercedes, Maria Teresa De Jesus, Diana Pilar, Maria Lucrecia, Maria Luzmila, Maria Targelia
* not pictured
The Cumbe Communal Bank is located in the village of the same name, which is known for its handicrafts. The majority of the population works in farming and cattle ranching and most of the young people have moved abroad to provide a better future for their families. The members of the bank are very industrious and work in farming, raising animals, and making crafts. They were raised with these activities and have maintained them as family traditions.

Laura V., lives in the San Antonio neighborhood of Cumbe and is 32 years old. She is married and her husband is a construction worker. They have five children, ages 17, 14, 13, 10, and 8. She lived in her own home, which she inherited from her parents, but her brother mortgaged it to be able to go to the United States. Once arriving in the States, he forgot about his debt and now the house is going to be auctioned off. She currently has her belongings in another location and only her bed remains in the home, taking care of it until it is sold.

Since being married, Laura has raised chickens and guinea pigs to sell in her community. She also washes clothing and cleans houses, and often does this work three days a week.

She was introduced to the foundation by her brother-in-law and began receiving loans six years ago. The loans she has received have helped her develop her chicken business, and she will use the current loan to purchase more chickens as well and corn and vitamins for their proper development.

Her dream is to get her home back or to be able to build another.

María T. has been a member of the Cumbe Communal Bank for six years. She was invited into the group by a friend who is no longer a member. She is good friends with the members of the group and is 47 years old. She lives in the San Antonio neighborhood of Cumbe and is married. She has five children, ages 28, 25, 22, 21, and 16. Her two oldest children are married and live abroad, but only one of them helps her financially. Her husband is also abroad and his hard work has enabled them to build their own home.

María raises guinea pigs, chickens, hens, and pigs. She buys them to fatten up and sells them at the livestock fair. She has done this for quite some time and it has provided her some financial stability.

She will use the funds from this loan to pay her children's school fees, purchase new uniforms, and some books that they need. She will use the remaining money to purchase some chicks to raise.

Her biggest dream is that her children benefit from her efforts and finish their studies.
View original language description ↓
El banco comunal Cumbe se encuentra en la parroquia del mismo nombre, se caracteriza por sus artesanías, aquí que la mayor parte de su población se dedica a la agricultura y ganadería, y las personas jóvenes en su mayor parte han migrado al exterior por brindarles un mejor futuro a sus familias. Este banco esta conformado por mujeres luchadoras que se dedican a la agricultura, cría de animales y a la elaboración de artesanías, actividades que han realizado desde que eran muy niñas y ha quedado como un legado familiar.

Laura V., vive en el barrio San Antonio en la parroquia Cumbe, tiene 32 años de edad, se encuentra casada y su esposo trabaja como albañil, con quien ha procreado 5 hijos que se encuentran de 17, 14, 13, 10, 8 años de edad, tiene casa propia que le fue heredada por sus padres pero su hermano hipoteco la casa para poder salir del país hacia los Estados Unidos llegando allá se olvido de la deuda por lo que su casa ahora se encuentra en remate, ahora tiene sus cosas en otro lugar y solo dejó la cama para cuidar la casa hasta que la vendan.

Laura se dedica a la cría de animales pollos y cuyes actividad que realiza desde que se caso y los vende en la comunidad, también lava ropa y limpia casas ajenas ya la gente la conoce y a veces trabaja en esta actividad tres días a la semana.

Se encuentra trabajando con los prestamos de la fundación hace seis años invitada por su cuñada. Los préstamos le han beneficiado para su negocio de pollos y con el préstamo que reciba de la institución comprará más pollos, maíz y vitaminas para su crecimiento.

Su sueño es llegar a recuperar su casa o poder construir otra.

La señora María T. es socia del banco comunal Cumbe hace seis años invitada por una amiga que ya no se encuentra en el banco, mantiene una buena amistad con todas sus compañeras, ella vive el barrio San Antonio una comunidad del cantón Cumbe, tiene 47 años, se encuentra casada y en su unión conyugal ha procreado 5 hijos que se encuentran de 28, 25, 22, 21, 16 años, sus dos primeros hijos son casados y viven en el exterior, solo uno de ellos le ayuda económicamente, su esposo también se encuentra en el exterior y con el esfuerzo de todos construyeron su casa propia.

Ella se dedica a la cría de animales cuyes, pollos, gallinas, chanchos los compra para engordarlos y los vende en la feria libre del ganado, esta actividad la realiza hace mucho tiempo y le ha permitido estabilizarse un poco económicamente.

Con el préstamo que reciba de la fundación va a pagar los gastos de los estudios de sus hijos comprándoles uniformes nuevos y algunos libros que les hace falta, y con lo poco que le quede va a comprar unos pollitos para criarlos.

Su mayor sueño es que sus hijos aprovechen el esfuerzo que realiza y que terminen sus estudios.


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

  • $10,600
    Average annual income
  • 58
    View loans »
    Ecuador Loans Fundraising
  • $24,312,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Cumbe (Cuenca) Group's $3,200 loan helped a member purchase of chickens, corn, and vitamins.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2009
Listed
Jan 18, 2010
Currency Exchange Loss:
N/A
Ended:
May 15, 2010