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10 De Agosto (Cuenca) Group
In this Group: Fanny Yolanda, Rosa Petrona, Mercedes Margarita, Maria Teresa, Diana Alexandra, Angelica Elizabeth , Maria Dolores, Rosa Elvira, Maria Nievez, Maria Manuela, Sofia De La Cruz
The August 10th village bank consists of a group of women who are always looking for ways to progress individually and with their families; it is located in the Santa Ana parrish. It is a city with beautiful natural landscapes. The May 27th parrish is an area of the city for music, parades, dances, artists, etc. The people of the city are very warm and friendly like the women who make up this village bank.

Maria L. is 66 years old and lives alone in her home which she inherited from her grandparents; it is 150 years old and located in the Santa Ana parrish of the Latig community. She was widowed 12 years ago as her husband died from alcoholism; she had 6 children with him who are now all adults and have their own families. Maria raises crops on her land and also raises animals like chickens and pigs; she also washes clothes for customers on Wednesdays, Thursdays, and Saturdays from 8 am to 6 pm. She has been part of the bank for 2 years and has developed a deep friendship with the other members of the bank. With the loan she will receive from Fundacion Espoir, she will buy chickens and pigs; her dream is to have good health to keep working and build a new home.

Mercedes C. lives on the outskirts of the city of Cuenca in the El Valle parrish; she is 26 years old and lives in a common law marriage. She has 3 children who are 9, 4, and 2 years old. Her husband is a bus driver for Intercantonal. They live in her parents' home in an independent apartment but are building their own home thanks to their hard work in their jobs.

She buys and sells chickens and guinea pigs and sells them in the community; she has done this for the past 2 years and it has been a good business for her. This is her 3rd loan through the foundation; her sister-in-law encouraged her to become part of the group. With this new loan, she will buy pigs and guinea pigs and food to raise them. Her dream is to finish building her home.
View original language description ↓
El banco comunal 10 de Agosto está integrado por un grupo de mujeres que siempre buscan oportunidades de superación personal y familiar, ubicado en la parroquia Santa Ana, ésta es una comunidad que cuenta con paisajes hermosos en su estado natural, el 27 de Mayo es su parroquialización donde podemos disfrutar de música, desfiles, danzas, artistas, etc., su gente es muy cálida como nuestras socias que nos brindan sus historias.

La señora María L. tiene 66 años, vive sola en su casa propia heredada por sus abuelos que tiene 150 años de construida, está ubicada en la parroquia Santa Ana comunidad Latig, además nos comenta que es viuda hace doce años porque su esposo tenía problemas de alcoholismo, con él concibió seis hijos que ahora son todos adultos y han formado su propia familia.

María se dedica a cultivar sus tierras, criar animales como gallinas, cerdos y también lava ropa ajena los días miércoles, jueves, sábados de 8 a.m. a 6 p.m. Lleva dos años como socia del banco comunal incitada por una amiga manteniendo una gran amistad con sus compañeras del banco comunal.

Con el nuevo préstamo que la FUNCACION ESPOIR le entregue va a comprar pollos y cerdos, su gran sueño es tener salud para seguir trabajando y construirse una casa nueva.

Mercedes C. vive en las afueras de la ciudad de Cuenca en la parroquia El Valle, tiene 26 años de edad y vive en unión libre fruto su amor procreó tres hijos de 9, 4, 2, años de edad, su esposo trabaja como chofer de un bus Intercantonal, viven en casa de sus padres en un departamento independiente por ahora están construyendo su casa propia fruto de su esfuerzo y trabajo conjunto.

Nuestra amiga se dedica a la compra y venta de pollos, cuyes, los vende en tiendas de su comunidad lleva dos años realizando esta actividad y nos comenta que le va bien. Este es su tercer ciclo en la fundación y fue su cuñada quien la estímulo para formar parte de este grupo de amigas. Con el nuevo préstamo solicitado va a comprar cerdos, cuyes y el respectivo alimento para su crianza.

Su gran sueño es poder terminar su casa.


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
  • 48
    View loans »
    Ecuador Loans Fundraising
  • $24,300,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 10 De Agosto (Cuenca) Group's $3,975 loan helped a member purchase chickens, pigs, guinea pigs, and animal food.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 30, 2009
Listed
Jan 29, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2010