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Yanaturo Alto (Cuenca) Group
In this Group: Blanca Celestina, Zoila Targelia, Maria José, Zoila Targelia*, Rosa Elvira, Cecilia Del Rocío, Jessica Janina, Sylvia Dayana, Maria Soledad, Maria Angeles*, Maria Mercedes, Esperanza Del Pilar
* not pictured
The Yanaturo Alto Communal Bank is located to the west of the city of Cuenca, which is 15 minutes outside the city of Cuenca. Its inhabitants mostly work in agriculture and raising animals. There are some factories that make candles and hats, etc. Our members work at different activities that have allowed them to get ahead and look for better days for their families.

Esperanza S. lives in the Yanaturo Bajo community with her husband and their four children. Her husband works as an industrial mechanic in his own shop. They do not have their own house; they live in her sister’s house. Esperanza is 32, and for two years she has been making women’s sportswear. Previously, she worked in a jeans factory. Then she left there and studied in a seamstress academy to establish her own workshop. She works on her own schedule. When she does not have time during the day she works at night.

She is in her second cycle. She was motivated by her friend, María José, a member of the communal bank. She has invested the loans she has received in her business. With the new loan that she will receive from the institution she will get various colors of fabric, needles, zippers, and more finishings for her creations. This way she will have a better inventory for her customers.

Her dream is to buy a car and a house.

María Jiménez is another new member in this bank. This is her first loan, and she hopes to improve the economic condition of her household. She was invited by her friend, Angelita I., who has been a member of the communal bank for a long time.

She is 35, and she lives with her four lovely children. They are 17, 15, 12, and 10. He husband traveled to the United States nine years ago to give his family a better future. He contributes economically to the household, and they were able to build their own house.

With this loan from the foundation she will invest in finishing her house. It still needs closets and tiles on the floors, etc. Her biggest dream is for her husband to return.
View original language description ↓
El banco comunal Yanaturo Alto esta ubicado al oeste de la ciudad de Cuenca a unos15 minutos fuera de la urbe de la ciudad de Cuenca, sus habitantes se dedican en su mayoría a la agricultura, crianza de animales, existen fábricas de velas, sombreros etc., nuestras socias se dedican a diferentes actividades las cuales les han permitido salir adelante e ir buscando días mejores para sus familias.

Esperanza S. vive en la comunidad de Yanaturo bajo con su esposo y sus cuatro hijos, su esposo trabaja como mecánico industrial en su propio taller, no tienen casa propia por lo que se encuentra viviendo en casa de su hermana.

Esperanza tiene 32 años y se dedica a la elaboración de ropa deportiva de mujer, hace dos años, ya que antes trabajaba en una fábrica de jeans luego que salió de allí estudió en una academia de corte y confección para montar su propio taller, trabaja bajo su propio horario ya que cuando no tiene tiempo en el día trabaja en la noche.

Se encuentra en su segundo ciclo y fue motivada por su amiga María José una socia del banco comunal, los préstamos recibidos los ha invertido en su negocio y con el nuevo credito que reciba de la institución va a adquirir telas de varios colores, hilos, cierres y más acabados para sus confecciones de esta manera tener un mayor surtido para sus clientes.

Su sueño es llegar a comprarse un carro y una casa.

La señora María Jiménez es otra de las socias nuevas de éste banco, este es su primer crédito y espera mejorar su situación económica de su hogar, fue invitada por su amiga Angelita I. integrante antigua del banco comunal.

Ella tiene 35 años, vive con sus cuatro hermosos hijos de 17, 15, 12, 10 años, su esposo viajo hace 9 a los Estados Unidos para darles un mejor futuro a su familia y es quien aporta económicamente a su hogar logrando construir su casa propia.

Con el préstamo que reciba de la fundación va a invertir la terminación de su casa ya que aun le falta closets, baldosas en los pìsos, etc, su mayor sueño es que regrese su esposo.

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
  • 75
    View loans »
    Ecuador Loans Fundraising
  • $23,920,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Yanaturo Alto (Cuenca) Group's $4,350 loan helped a member buy fabric, needles, zippers, etc. tiles and closets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2009
Listed
Jan 29, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2010