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Rosas Rojas (Cuenca) Group
In this Group: Blanca Azucena, Zoila Virginia, Libia Patricia, Fanny Fabiana, Gloria Esperanza*, Blanca Leonor, Maria Dolores, Rosa Elvira, Mercedes Monica, Maria Susana, Blanca Margarita, Maria Azucena, Ana Lucia
* not pictured
The Rosas Rojas (Red Roses) Community Bank is located in the Paute canton, an area known for its warm climate and consequently a major grower of flowers. The largest hydroelectric pwer station is the country is also located there. Its people are very hardworking and dedicated to their jobs, always thinking about helping their families get ahead in life. Our members share their stories:

Señora María is one of the members of Rosas Rojas Community Bank. She lives in the Paute canton in the Estancia neighbourhood. She is 42 years old and was widowed three years ago. Her husband died overseas but she still doesn’t know from what illness. She lives with her four children aged 21, 18, 14, and 12 as well as her three grandchildren (the children of her oldest daughter who is a single mother). María and her two older daughters support the family, and she feels secure knowing that she owns her house.

Her work raising chickens supports the family and provides financial stability. With her first loan received three cycles ago, she began this work. She now has twenty chickens. They are delicate and when they get sick, they die, so she then loses all her investment.

María was invited by her sister-in-law to join this group of feisty women. Now with this new loan she is going to buy young guinea pigs to raise and food for them. Her dream is to see her children in school.

Another member of the Bank is María Azucena R. who also lives in this beautiful canton in Cabo parish. She is an energetic woman who is always pleased to work with her colleagues in the bank. This is her third loan cycle, and the money received to date has helped her with her work raising guinea pigs. She has regular customers who come to her house to buy them. She also sells them in the local market. María says that she started her first business with her first loan.

She is 40 years old and married, but her husband has lived overseas for eleven years. He left the country so he could provide a better quality of life for his children and wife. Thanks to their sacrifices as a couple, they now own their house and the whole family has some security. She lives alone with her four children aged 20, 18, 16, and 13. With this new loan she is going to buy cement blocks, zinc sheeting, and posts to build a much bigger shed and increase the number of guinea pigs. María’s goal is to continue expanding her business and eventually start raising chickens.
View original language description ↓
El banco comunal Rosas Rojas se encuentra en el cantón Paute, sector reconocido por su clima cálido propiciando para que sea la región mayor productora de flores, además encontramos la hidroeléctrica más grande del país, su gente es muy trabajadora y dedicada a sus labores pensando siempre en salir adelante junto a sus familias, como nuestras socias que comparten sus historias.

La señora María es una de las socias del banco Comunal Rosas Rojas, vive en el cantón Paute sector la Estancia, tiene 42 años de edad y es viuda hace tres, su esposo falleció en el extranjero pero hasta ahora no sabe de qué enfermedad murió, vive con sus cuatro hijos que se encuentran de 21, 18, 14, 12 años y sus tres nietos hijos de su hija mayor que es madre soltera, ella junto a sus dos primeras hijas son las que mantienen el hogar y se siente segura al saber que cuenta con su casa propia.

María se dedica a la cría de pollos para mantener a su familia y tener estabilidad económica, con el primer credito recibido hace tres ciclos inició esta actividad, ahora tiene 20 pollos porque son delicados y cuando entra el mal se mueren perdiendo toda su inversión.

Nuestra socia fue invitada por su cuñada a formar parte de este gran grupo de mujeres luchadoras y ahora con el nuevo crédito va a montar un criadero de cuyes, comprar crías y alimento, su sueño es de ver que sus hijos estudien y se preparen.

Al igual que la otra socia María Azucena R. vive en este hermoso cantón en la parroquia el Cabo, es una mujer muy alegre y siempre esta dispuesta a colaborar en su bankito, se encuentra en su tercer ciclo y el dinero recibido le ha beneficiado en su criadero de cuyes por lo que ya cuenta con su clientela fija que van a comprar en su casa o ella vende en el mercado de su localidad, nos comenta que su negoció empezó con el primer crédito realizado.

María tiene 40 años de edad está casada pero su esposo vive en el extranjero hace once años, migró al exterior para entregar una mejor calidad de vida a sus hijos y esposa, y gracias a los grandes sacrificios conyugales ahora pueden contar con su casa propia para tranquilidad de toda la familia así que sólo vive con sus cuatro hijos de 20, 18, 16, 13 años, con el nuevo crédito solicitado va a comprar bloques, hojas zinc, palos para construir un galpón mucho grande para incrementar su criadero de cuyes

Su meta es seguir creciendo con su negocio y dedicarse también a la cría de pollos.

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
  • 52
    View loans »
    Ecuador Loans Fundraising
  • $23,876,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Rosas Rojas (Cuenca) Group's $3,650 loan helped a member to buy guinea pigs and food, zinc sheeting, posts, cement blocks.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2010
Listed
Feb 26, 2010
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2010