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Bonanza (Cuenca) Group
In this Group: Zhina Lorenza, María Isabel, Laura Luz, Martha Beatriz, Diana Magaly, María Esperanza, María Cruz, María Elvira
The Bonanza Community Bank is located in the community of El Carmen de Guzho in the city of Cuenca. Maize grows really well there, and the local adults work in farming. The younger people have moved to the big cities or overseas.

42-year old Sra. Martha is married and has four children aged 20, 17, 11, and 8. Her eldest daughter helps her with the sales of the produce in the market. Her 17-year old son works as a bricklayer, and the younger two are students at the local school called Agustín C. Vintimilla. Her husband is a bricklayer, and they are in the process of building their own home.

Martha has a stall in the market where she sells different sorts of fresh grains and vegetables. She’s been doing this job since she was seven years old helping her mother. At the age of twenty one, she started her own stall where she works from 4 am buying produce and stays until 6pm on Mondays, Wednesdays, Saturdays and Sundays. On Thursday and Fridays she works in a cafe--she’s been doing this for four years--from 8am to 6pm. She also raises chickens to sell in Cuenca market.

This is her first loan with the foundation. She was encouraged to join the community bank by one of her friends in the market. With the money she is going to buy carrots, tomatoes, onions, chard, cabbage, lettuce, and baby chicks. She will also buy vitamins and food for the chicks. In addition, Martha will buy Ardex roofing for her house. Her goal is to complete the construction of the house.

Señora María Cruz Q. lives in the big city of Cuenca with three of her five children. The oldest two are married and live independently. Her 23-year old son is a bricklayer and gives her some money towards the household expenses. Her daughter helps her with the market stall, and her youngest son is a student at the Turi technical college.

The house she lives in is her own, and she put in a lot of effort to build it. Her husband travelled overseas twelve years ago in search of the American dream and economic stability for the whole family, but when he got there he forgot about his family. María says she has a new partner with whom she is rebuilding her life.

María sells quesillo (soft cheese), cheese, and all kinds of grains in the market. She’s been doing this job for 35 years. She began in the 12 de Abril market and now works in the Feria Libre market where she’s been for 21 years. She works there every day without a day off from 6am to 6pm. She doesn’t have her own market stall but walks around the market.

This is her first loan with the foundation, and with the money she plans to buy cheese, tomatoes, onions, carrots, chard, cabbage and other vegetables to increase her stock. She spends a lot of money buying the produce each week. María’s dream is for her son to study hard, become a professional, and get a good job.
View original language description ↓
El Banco Comunal Bonanza está ubicado en la comunidad El Carmen de Guzho en la ciudad de Cuenca, tierra privilegiada para el cultivo de maíz, donde su gente adulta mayor se dedica a la agricultura y los más jóvenes han migrado a las ciudades grandes del país o al extranjero.

La señora Martha tiene 42 años de edad, se encuentra casada y ha procreado 4 hijos que se encuentran de 20, 17, 11, 8, su hija mayor le ayuda en la venta de sus productos en el mercado, el de 17 trabaja como oficial de albañil y sus dos últimos hijos estudian en la escuela Agustín C. Vintimilla de la comunidad, su esposo trabaja como albañil y por ahora se encuentran construyendo su casa propia.

Nuestra socia tiene un puesto en el mercado donde ofrece variedad de granos tiernos y hortalizas, esta actividad realiza desde sus siete años ya que ayudaba a su mamá y a los veinte y un años empezó a trabajar en su propio puesto donde labora desde las 4 a.m. para comprar los productos y se queda hasta las 6 p.m. los días lunes, miércoles, sábado y domingo, mientras que los días jueves y viernes trabaja en un salón de comidas en el que lleva cuatro años con un horario de 8 a.m. a 6 p.m. a más de estos trabajos se da tiempo para la cría de pollos los cuales les vende en el mercado de Cuenca.

Este es su primer crédito con la fundación y se animó a formar parte del banco comunal gracias a una compañera del mercado, con el dinero que reciba va a comprar zanahoria, tomate, cebolloa, acelga, col, lechuga y crias de pollos, vitaminas y alimento para criarlos y también techo ardex para su casa.

Tiene como meta terminar de construir su casa.


La señora María Cruz Q. vive en la urbe de la ciudad de Cuenca con tres de los cinco hijos que concibió, los dos primeros son casados y viven independientes, su hijo de 23 años trabaja como albañil y le ayuda un poco económicamente con los gastos del hogar, su hija le ayuda en su puesto de mercado y su último hijo estudia en el colegio técnico Turi, el casa en la que habitan es de su propiedad que la construyo sola con su esfuerzo, su esposo viajo al exterior hace diez años en busca del sueño americano y estabilidad económica para toda su familia pero al llegar allá se olvidó de los suyos, nos comenta que cuenta con un nuevo compromiso con quien se encuentra rehaciendo su vida.

María Cruz se dedica a la venta de quesillo, queso y todo tipo de granos en el mercado, esta actividad la realiza hace 35 años, empezó en el mercado 12 de abril y ahora labora en el mercado de la feria libre y ya son 21 años en este lugar, trabaja todos los días de la semana sin descansar uno solo, su horario es de 6 a.m. a 6 p.m. no tiene puesto propio por lo que trabaja recorriendo todo el mercado.

Este es su primer crédito en la fundación y con ese dinero va a comprar quesillo, tomate, paiteña, zanahoria, acelga, col y otras legumbres para surtir su puesto en el cual invierte mucho dinero cada semana. Su mayor sueño es que su hijo estudie y llegue a ser un excelente profesional y cuente con un buen trabajo.

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
  • 13
    View loans »
    Ecuador Loans Fundraising
  • $22,546,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Bonanza (Cuenca) Group's $2,650 loan helped a member to buy vegetables, chicks, and roofing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2010
Listed
Mar 19, 2010
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2010