Hermano Miguel (Cuenca) Group's story

In the city of Cuenca in the community of El Parque Industrial (The Industrial Park), we find the Hermano Miguel (Brother Michael) Communal Bank, composed of women heads of households who hope to advance their children and families in general. This locality is recognized for its economic activity since here one encounters a large number of factories -- it's the industrial park for the city of Cuenca.

Rosa Ubaldina has been a member of this bank for 3 years, motivated by an ex-member of the little bank. She has lived in her own house with 5 children, ages 20, 18, 15, 13, 10, in the Parque Industrial sector in the city of Cuenca, since her husband migrated to another country some 10 years ago to offer a better future for his family.

Rosa is 42 years old and for the last 2 years, she has dedicated herself to domestic matters in different homes of the locality. She doesn't have a fixed schedule and only works 3 days a week. On the remaining days she cares for a baby in her own house and takes care of activities in her own home.

She has benefited from various loan cycles in her communal bank and the money obtained was utilized for expenses such as education, basic food, etc. With her new loan request she will pay the bills for basic services such as water, lights, and telephone. Her goal is to travel in order to reunite with her husband and to work hard to advance her children.

Mónica is 25 years old, the single mother of a 2 year old boy whom the father recognizes and helps maintain economically. She lives in a family member's house with her son.

She has been working for 8 years with the Foundation and it was her mother who informed her of the benefits offered by the institution from the publicity available in her community. With past loans, she has paid for her studies. Mónica has been a primary school teacher for 3 years, working from 7:30 am until 12:30 pm, then afternoons she cares for her child, and at night goes to the university to obtain her degree in basic education. She is concluding her studies and at present, her requested loan will be invested in the development of her thesis.

Her goal is to have her own business to conduct, along with other activities, and to dedicate more time to her son.

In this group: Mariana De Jesus, Rosa Ubaldina, Nancy Patricia, Maria Teresita, Gladys, Elsa Rosana, Mónica Isabel

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Translated from Spanish by Kiva volunteer Harold Dana Sims, PhD

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