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Nuevo Amanecer (Cuenca) Group
In this Group: Rosa Carmelina, Gloria Leticia, Ana Rocio, Tania Batriz, Rosa Elena, Nancy Alexandra, Maria Lucinda*, Blanca Mercedes, Maria Rosa Elvira, Zoila Narcisa, Enriqueta, Mnauel Concepci´pn, Rosa Lastenia
* not pictured
The Nuevo Amanecer (New Dawn) Communal Bank is located in the community of Zhimad, some 40 minutes outside the city of Cuenca. In this locality you can really appreciate the beauty of the Andean countryside. The greater part of the population is dedicated to agriculture and livestock raising, which is the activity that sustains their families.

Mrs. Blanca R. has been an active member of this bank for 10 years, motivated by Rosa R.. Blanca is 37 years old and lives with her 3 children, aged 18, 15, and 2, in Zhimad, since her husband migrated out of the country in search of wellbeing and greater comfort for his family. They succeeded in building their own house with sacrifice and effort in common.

Blanca, like the majority of her fellow bank members, raises chickens and has done so for 6 years. She has only acquired 100 because she has to buy so much feed and at times, there isn't enough money. She also makes dust cloths which she provides to fixed customers, or sells in some hardware stores spread around the entire city. She has been doing this for the past year.

With this new loan, she will buy chicken feed and corn for the chickens. Her goal is to continue to expand her chicken business.

In like manner, Zoila R. has been working with her communal bank for 3 years, thanks to the president of her Parroquial Committee. She is 38 years old and lives in her own house with her husband, a brick layer, and their 4 children, ages 19, 16, 15, and 6.

She has been making dust cloths for 9 years, thanks to a family member who taught her how to make them. For this, she receives cloth from a factory. To benefit, she has to have an identity card provided by the company. After making the dust cloths, she sells them in different parts of Cuenca, or to her set customers who request them frequently.

With this loan she will buy cloth to make dust cloths in hopes of locating new customers. He goal is to become a major merchant of dust cloths.
View original language description ↓
El banco comunal Nuevo Amanecer está formado en la comunidad de Zhidmad a unos 40 minutos fuera de la ciudad de Cuenca, en esta localidad podemos apreciar la belleza de su paisaje andino durante todo el viaje, la mayor parte de su gente se dedica a la agricultura y a la cría de animales siendo esta actividad el sustento para sus familias.

La señora Blanca R. es socia activa de éste banco hace diez años motivada por Rosa R., Blanca tiene 37 años y vive junto a sus tres hijos de 18, 15 y 2 años de edad en la comunidad de Zhimad pues su esposo migró fuera del país en busca de bienestar y mayor comodidad para su familia consiguiendo construir su casa propia a base de sacrificio y esfuerzo conjunto.

Blanca al igual que la mayoría de sus compañeras del banco se dedica a la cría de pollos hace seis años, solo ha llegado a tener 100 porque tiene que comprar mucho alimento y a veces no le alcanza el dinero, pero también se dedica a la elaboración de guaipe que entrega a sus clientes fijos o en algunas ferreterías recorriendo toda la ciudad lleva un año en esta otra actividad.

Con el nuevo préstamo solicitado va a comprar alimento para sus pollos como chanca, balanceado y maíz, su meta es seguir incrementando su negocio de pollos.

De igual manera Zoila R. lleva tres años trabajando en su banco comunal gracias al presidente de la Junta Parroquial, ella tiene 38 años y vive en su casa propia esfuerzo conyugal con su esposo de oficio albañil y sus cuatro hijos de 19, 16,15 y 6 años.

Ella realiza guaipe lleva 9 años trabajando gracias a un familiar que le enseñó como elaborarlo, para ello recibe la tela de una fabrica pero solo pueden ser beneficiarias si tienen un carnet de identificación que la institución les hace entrega, luego de elaborar el guaipe vende por diferentes partes de la ciudad de Cuenca o a sus clientes fijos que le hacen pedidos con frecuencia

Con el préstamo que reciba va a comprar tela para elaborar más guaipe y buscar nuevos clientes. Su meta es llegar a ser una gran comerciante de guaipe.

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
  • 23
    View loans »
    Ecuador Loans Fundraising
  • $22,880,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer (Cuenca) Group's $4,300 loan helped a member bUYING CHICKEN FEED & CORN FOR CHICKENS, AND CLOTH FOR MAKING DUST CLOTHS TO SELL.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2010
Listed
Feb 11, 2010
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2010