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Las Morlaquitas (Cuenca) Group
In this Group: Luisa Narcisa, Soraya De Lourdes, María Augusta, María Angelica, Constancia De Jesus, Silvia Ramona, María Angeles, Rosa María, Ladi Diana
In the city of Cuenca a group of enterprising and determined women united to advance their families, founding Las Morlaquitas Comunal Bank. It is located in Cuenca in the central south region of the country, enjoying a cold climate, appropriate for cultivation of vegetables, fruit and corn. It is also characterized by its variety of typical food, such as roast pork, guinea pig, and other delicacies of the region. On this occasion, we were accompanied by Deysi Ureña, the bank's credit promoter. In the photo she is wearing brown, has glasses, and is behind the member in red.
Mrs. Silvia lives in her husband's house in the Cristo del Consuelo (Christ of Consolation) sector with her 2 children who are still small (7 years old and 5 months since birth). Her husband has resided abroad for 20 years and, now that he has his papers in order, he visits his family every 4 months. She is 28 years old and is a professional driver, who has been driving a school transport van for 6 years. She has 2 routes, one from 5:00 am until 8:00 am in which she brings young people to a school in the city, and the other from 12:00 am to 1:00 pm, with young people from a school in her locality. These activities she combines with household responsibilities, caring for her children, and in her free time, she makes artistic nylon purses, which she learned how to do 10 years ago, thanks to her abilities and imagination.
She is in her 2nd loan cycle with the foundation, motivated by a friend and member of the little bank. With this loan she will invest in her vehicle, buying some replacement parts and tires and, also, buy nylon to continue making purses. Her goal is to buy a small auto to get away with her children on weekends.
María Angeles is another member of the Las Morlaquitas bank. She lives with 4 of her 6 children, since 2 are married and living independently. Their ages are between 33 and 14. Only her youngest son still studies at night school and mornings he helps her in the house. All her children work and help to pay household expenses, since she is 51 and separated for 15 years from her husband.
María has worked for 31 years in the market selling fruits and vegetables in her stall on Wednesdays, Saturdays, and Sundays. On other days, she does the same in another market, circulating in the P. selling everything between 6:00 am and 7:00 pm. This activity has permitted her family to get ahead. This is her first loan with the institution. She was invited to join by her daughter-in-law. With the funds she will buy citrus, melons, papayas, salt-wort, chicory, carrots, onions, tomatoes, and more fruits and vegetables to resupply her business.
Her dream is to have a house which she still lacks.
View original language description ↓
En la ciudad de Cuenca se unió un grupo de mujeres emprendedoras y decididas a sacar adelante a su familia y fundaron El Banco Comunal Las Morlaquitas ubicado en la ciudad de Cuenca en la región centro sur del país, gozando de un clima frio propicio para el cultivo de legumbres, frutas y maíz, también se caracteriza por la variedad de comida típica como las carnes asadas, cuyes y otras delicias propias de la región.En esta ocasión nos acompaña Deysi Ureña la promotora de crédito de éste banco, ella viste de café, tiene lentes y esta detrás de la socia de rojo.

La señora Silvia Arévalo vive en la casa de su esposo en el sector Cristo del Consuelo con sus dos hijos aun pequeños de siete años y 5 meses de nacido, su esposo se radico hace 20 años en el extranjero y como ya tienen todos los papeles en regla viene cada cuatro meses a ver a su familia, nuestra socia tienen 28 años y es chofer profesional, conduce una camioneta de transporte escolar hace seis años, tiene dos recorridos el uno inicia a las 5 a.m. hasta las 8 a.m. en éste lleva niños de una escuela de la ciudad y el otro es de 12 a.m. a 1p.m. con jóvenes de un colegio también de su localidad, estas actividades las comparte con los quehaceres del hogar, el cuidado de sus hijos y los momentos libres teje carteras de nylon arte que aprendió hace diez años gracias a sus habilidades e imaginación.

Se encuentra en su segundo ciclo en la fundación motivada por una amiga miembro del bankito, con el dinero de su préstamo va a invertir en su auto en la compra de algunos repuestos y llantas y también para comprar nylon para seguir realizando sus carteras. Tiene como meta comparase un auto pequeño para salir los fines de semana con sus hijos.

María Angeles M. es otra de las socias del banco comunal Las Morlaquitas, vive con cuatro de los seis hijos que concibió pues dos son casados y viven independientes, las edades oscilan entre los 33 y 14 años, solo su hijo menor aún estudia en un colegio nocturno y la mañana le ayuda en casa, todos sus hijos trabajan y le ayudan a solventar los gastos del hogar ya que ella tiene 51 años y está separada hace quince de su esposo.

Nuestra socia María Angeles labora 31 años en el mercado vendiendo frutas y hortalizas en su puesto los días miércoles, sábados y domingos y los otros días lo hace en otro mercado recorriendo la P. para vender todo con un horario de 6 a.m. a 7 p.m. esta actividad le ha permitido salir adelante con toda su familia. Este es su primer crédito en la fundación y fue invitada por su nuera, con el dinero que obtenga comprará naranjas, naranjillas, melones, papayas, acelga, apio, zanahoria, cebolla, tomate y mas frutas y hortalizas para surtir su negocio.

Su sueño es llegar a tener su casa propia que aún no la tiene.

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

  • $10,600
    Average annual income
  • 97
    View loans »
    Ecuador Loans Fundraising
  • $24,153,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Morlaquitas (Cuenca) Group's $2,200 loan helped a member bUYING TIRES, VEHICLE PARTS, NYLON FOR PURSES, AND FRUITS AND VEGETABLES FOR HER BUSINESS.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2010
Listed
Mar 24, 2010
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2010