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Hermano Miguel (Cuenca) Group
In this Group: Mariana De Jesus, Rosa Ubaldina, Nancy Patricia, Maria Teresita, Gladys, Elsa Rosana, Mónica Isabel
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.
View original language description ↓
En la ciudad de Cuenca en la comunidad El Parque Industrial encontramos en banco Comunal Hermano Miguel formado por mujeres cabeza de hogar que buscan salir adelante junto a sus hijos y familia en general, esta localidad es reconocida por su actividad económica pues aquí se encuentra un gran número de fabricas y es el parque industrial de la ciudad de Cuenca.

Rosa Ubaldina es socia de este banco hace 3 años, incentivada por una ex socia del Bankito, ella vive en su casa propia con sus cinco hijos de 20, 18, 15, 13, 10 años en el sector del Parque Industrial en la ciudad de Cuenca, ya que su esposo migró a otro país hace 10 años para brindarle un mejor futuro a su familia.

Nuestra socia tiene 42 años y desde hace dos años se dedica a los quehaceres domésticos en diferentes casas de la localidad no tiene un horario fijo y solo trabaja tres días a la semana, el resto de días cuida a un bebe en su casa y realiza las actividades de su hogar.

Lleva varios ciclos en su banco comunal y el dinero obtenido ha utilizado para los gastos de su hogar como educación, alimentación entre otros, con el nuevo crédito solicitado pagará las planillas de los servicios básicos como agua, luz y teléfono. Tiene como meta viajar para reunirse con su esposo y trabajar duro para sacar adelante a sus hijos.

Mónica tiene 25 años de edad, es madre soltera de un niño de dos años que si lo reconoció su padre y le ayuda económicamente para la manutención del niño, ella vive en la casa de un familiar con su hijo.

Se encuentra ocho años trabajando con la fundación y fue su madre quien se enteró de los beneficios que ofrece la institución por la publicidad entregada en su comunidad, con los créditos obtenidos ha solventado sus estudios, Mónica es profesora de educación primaria, profesión que ejerce hace ya tres años, labora de 07H30 a 12H30 del día y por la tarde se dedica a su hijo y en la noche va a la universidad para lograr su Licenciatura en educación básica, está concluyendo sus estudios y por ahora el crédito solicitado lo invertirá en el desarrollo de su tesis.

Su meta es llegar a tener un negocio propio para compartir con sus otras actividades y dedicarle más tiempo a su hijo.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Ecuador

  • $10,600
    Average annual income
  • 48
    View loans »
    Ecuador Loans Fundraising
  • $24,300,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Hermano Miguel (Cuenca) Group's $2,700 loan helped a member pAYING UTILITY BILLS, INCLUDING WATER, LIGHTS, AND TELEPHONE, AND PAYING COSTS OF AN EDUCATION THESIS.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2010
Listed
Mar 22, 2010
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2010