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El Valle (Cuenca) Group
In this Group: Maria Rosario , Rafaela De Los Angeles, Zoila Mercedes, Maria Dolores, Maria Barbarita*, Adolfo, Jose Lino, Digna Mercedes, Rosa Balvina
* not pictured
Digna S. is one of the youngest members of the El Valle (The Valley) communal bank, which is made up of enterprising women and men who seek ways to continue forward with their families on their own lands; its residents are farmers and also are involved in other activities. Yanaturo is a place where one can breathe in peaceful and tranquil surroundings and become energized with the beauty of the Ecuadorean Mountains.

Our member is 23 years old, single and lives with her parents in her own home; she shares utility expenses (water, electricity and telephone).

Digna is a fruit vendor in Cuenca’s 27 de Febrero market. She has been in this line of work for 3 years and does quite well since she has her own sales stall. In addition, she is studying to be a seamstress in a local academy on Tuesdays because she wants to get ahead both personally and economically.

This is her second loan cycle with her communal bank thanks to her cousin, who invited her to join and enjoy the institutional benefits and loans that Fundación Espoir offers.

She will use the funds to buy apples, pears, peaches, oranges, pineapples and other fruit to stock her business and have a variety of fruit available for her customers.

Her goal is to finish her sewing course so that she can set up a small sewing workshop.

Rafaela L., 56, is another of the active members of this bank; she lives in Paraíso Bajo with her eldest, married daughter. They share household expenses. Her 26-year-old son lives with his life partner and has formed his own family.

Rafaela works as a domestic employee. She has been in this employment for 11 years and works all day, four days a week. She also raises chickens that she sells either live or dressed, according to customer requests. She also farms growing vegetables like; carrots, cabbage, and lettuce that she sells in her community.

This is her first loan with the Fundación; her daughter invited her to join this group of tenacious women.

She will use the funds to buy chickens, vitamins and chicken feed so that her business will continue to grow.

Her goal is to continue striving for the improvement of her household’s economy.
View original language description ↓
Digna S. es una de las socias mas jovenes del banco comunal El Valle, este banco está formado por mujeres y hombres emprendedores que buscan la manera de salir adelante junto a sus familias en su propia tierra, su gente se dedica a la agricultura y también realizan varias actividades, Yanaturo es una lugar en el cual se puede respirar un ambiente de paz y tranquilidad y recrearse con la belleza de la serranía ecuatoriana.

Nuestra socia tiene 23 años de edad se encuentra soltera y vive con sus padres en su vivienda propia compartiendo el pago de los servicios básicos como son agua, luz y teléfono.

Digna se dedica a la venta de frutas en el mercado 27 de Febrero en la ciudad de Cuenca actividad que la realiza hace 3 años y le va muy bien, ya que cuenta con un puesto propio, además está estudiando corte y confección en una academia solo los días martes porque ella desea superarse personal y económicamente .

Se encuentra en su segundo ciclo trabajando con su banco comunal gracias a su prima quien la invito a formar parte de los beneficios institucionales y los créditos que ofrece la Fundación Espoir, con el dinero del préstamo solicitado va a comprar manzanas peras, duraznos, naranjas, piñas, y otras frutas para abastecer su negocio y ofrecer variedad de frutas a su clientela.

Tiene como meta terminar su curso de corte y confección para ponerse un pequeño taller de costura.

La señora Rafaela L. tiene 56 años y es otra de las socias activas de este banco ella vive en la comunidad del Paraíso Bajo con su hija mayor ya casada con quien comparten los gastos del hogar, su hijo de 26 años viven en unión libre formando su propia familia.

Rafaela trabaja como empleada domestica, labora 4 días a la semana durante todo el día lleva 11 años realizando esta labor además se dedica a la cría de pollos que los vende en pie o pelados según le soliciten sus compañeras de la comunidad, también se dedica al cultivo de sus tierras sembrando hortalizas como son zanahorias, coles, lechugas y las vende en su comunidad.

Este es su primer crédito en la fundación y fue invita por su hija a formar parte de este grupo de mujeres luchadoras, con el dinero del credito solicitado comprará pollos, vitaminas y alimento para seguir creciendo con su negocio.

Su meta es de seguir luchando para mejorar la economía de su hogar.

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
  • 34
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of El Valle (Cuenca) Group's $2,200 loan helped a member to buy fruit and to buy chickens, vitamins and chicken feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2010
Listed
Mar 13, 2010
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2010