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Virgen De Bronce (Cuenca) Group
In this Group: Susana Natalia, Narcisa De Jesus, Maria Eugenia, Blanca Magdalena, Maria Dolores, Mercy Marlene, Norma Jadida, Sonia Monserrath, Gabriela Tatiana, Mercedes Aurora, Ruth Cecilia
The Communal Bank “Virgen de Bronce” can be found in the city of Cuenca, which is in southern Ecuador and stands 2500 meters above sea level. The city is the cultural and sports capital of the country. In addition, it was named a World Heritage Site by UNESCO. Ecuadorians consider Cuenca to be the most beautiful city because of its natural landscapes and the surrounding rivers such as the Tomebamba, Yanuncay, Machángara, and Tarqui. They all merge to form the Paute River, which flows into the Amazon, the largest river in the world. The Communal Bank consists of women who strive each day to build a better future and bring about improvements in their families.


Norma B. lives in the “Virgen de Bronce” sector. She is 30 years old, married, and has two children (ages 10 and 8) who attend school in the city. Her husband is a bricklayer by profession. With great effort and sacrifice, Norma and her husband were able to build their own home.


Norma raises chickens and sells them plucked to her customers at the February 27th Market. She has been in this business for five years. Her mother and sister, who are also members of the Communal Bank, convinced her to apply for her first loan with the Foundation. The proceeds from her loan will be used to buy more chickens and poultry feed so that she can increase her business. Her goal is to study cosmetology and become a licensed beauty stylist.


Gabriela F. is also a member of this Communal Bank and has participated in three loan cycles. Her mother-in-law convinced her to join this group of determined enterprising women. She graduated from cosmetology school and has been working as a stylist since she was 18. Gabriela works from 9am to 7pm, Monday through Friday. She is 24 years old, in a common law marriage, and has two children (ages 5 and 1). Her oldest child attends kindergarten in the city, while her husband works as an electrician. She does not own a home, so she lives with her in-laws. With her new loan, Gabriela will buy provisions for her home. Her goal is to open her own beauty parlor.

View original language description ↓
El banco Comunal Virgen de Bronce lo encontramos en la ciudad de Cuenca ubicada al sur del Ecuador a una altura de 2500 msnm. La ciudad es la capital cultural y deportiva del país, además es Patrimonio Cultural de la Humanidad por la UNESCO, Cuenca es considerada por los ecuatorianos como la ciudad más bella por sus paisajes naturales y sus ríos Tomebamba, Yanuncay, Machángara y Tarqui que bañan la urbe cuencana, posteriormente se unen formando el río Paute que desembocará en el río Amazonas el más caudaloso del mundo. Este banco está formado por mujeres que se encuentran en la lucha cada día para tener un mejor futuro y tratar de entregar mejores días a sus familias.

La señora Norma B. vive en el sector Virgen de Bronce, tiene 30 años de edad, se encuentra casada y fruto de su unión ha concebido dos hijos quienes se encuentran de 10 y 8 años estudian en una escuela de la ciudad, su esposo es de profesión albañil, con esfuerzo y sacrificio han logrado construir su casa propia.

Norma se dedica a la cría y venta de pollos pelados y entrega a sus clientes en el mercado 27 de Febrero, actividad que la viene realizando hace cinco años, este es su primer crédito en la fundación motivada por su mamá y hermana que son integrantes del mismo, con el dinero de su crédito va a comprar más pollos, alimento para seguir incrementando su negocio.

Su meta es estudiar belleza y obtener su titulo de estilista.

Gabriela F. también es socia de éste banco hace tres ciclos motivada a formar parte de este grupo de mujeres luchadoras y emprendedoras por su suegra, se graduó como estilista y trabaja en esta actividad desde sus 18 años, siendo su horario de 9 a.m. hasta las 7 p.m. de lunes a viernes.

Gabriela tiene 24 años vive en unión libre y ha concebido dos hijos quienes se encuentran de 5 y 1 año, su primer hijo estudia en un jardín de infantes de la ciudad, su esposo es de profesión electricista, no tiene casa propia por lo que vive en casa de sus suegros, con su nuevo crédito va a compra víveres para su hogar, su meta es llegar a tener su propio gabinete de belleza.

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
  • 46
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Virgen De Bronce (Cuenca) Group's $4,075 loan helped a member purchase chickens & poultry feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2010
Listed
Apr 25, 2010
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010