Check out some available loans that are similar to this one!
Tres De Noviembre Cumbe(Cuenca) Group
In this Group: Rosa Maria, Maria Rosa Marina, Deicy Beatriz, Rosario, Silvia Magdalena, Maria De Los Dolores, Julia Maria, Maria Auxiliadora, Maria Etelvina, Luz Bertha, Flor Martina, Rosa Luzmila, Maria Leticia*
* not pictured
The 3 de Noviembre Village Bank is made up of 13 hard-working women who are always looking for better opportunities for their families. They live in the Cumbe parish, which is located in the south of the canton of Cuenca. It is bordered in the north by Tarqui parish, in the south by Jima parish of Sígsig canton and the edge of Girón canton, to the east by the parishes of Quingeo and San José in Sígsig canton, and in the west by the parish of Victoria del Portete. The leading economic activity in the area is agriculture, and the most important products are corn, potatoes, beans and milk. A large proportion of the younger population travels daily to Cuenca to work as factory employees, handicraft artisans, store employees, service workers and above all, construction workers.

María Auxiliadora is 48 years old and lives with her two younger children, aged 15 and 12, who attend a nearby school. Her other four children are married and independent. Her husband is a mason, and through many years of sacrifice, he was able to build the family's own home in the Cumbe community.

María Auxiliadora was one of the founding members of the communal bank, and she has been with the bank for fifteen years. She was inspired by a neighbor who belonged to an earlier group in the neighborhood which broke up. Later, this new group of hard-working and enterprising women was formed. María Auxiliadora's business is buying and selling animals. She deals in guinea pigs and hens at the Cumbe markets and at Cuenca's public market. This activity has allowed her to advance economically. She has worked for 20 years in the markets on Wednesdays and Saturdays, and on the other days, she takes care of her animals. She also keeps cows, whose milk she sells to mobile distributors. With the current loan, she will buy more guinea pigs and hens to resell.

Her goal is to expand her business day by day and reach the point where she can buy herself a vehicle.

Luz Fernández lives in the "3 de Noviembre" community of the Cumbe parish. She is 60 years old and was widowed 18 years ago when her husband was killed in a traffic accident. The couple had four children, who are now grown and married. Luz lives in her own house with one of her daughters who keeps her company and shares the household expenses.

Luz works in agriculture; she grows corn, potatoes and a variety of vegetables. She also keeps cattle, selling the milk to mobile distributors. In addition, she raises guinea pigs and chickens. She tells us that she has been a member of the communal bank since its beginnings, that is, for the past 15 years. The loans have been beneficial for her business of buying and selling animals. With the new loan, she will buy chickens, guinea pigs and feed for her animals, as well as seeds for corn, beans, peas and other crops.

Her goal is to continue working as long as her health permits.
View original language description ↓
El bankito 3 de Noviembre esta conformado por 13 señoras luchadoras que siempre estan en la busqueda de mejores oportunidades para sus familias viven el la parroquia Cumbe, esta parroquia se encuentra ubicada al sur del cantón Cuenca. Limita al norte con la parroquia Tarqui, al sur con las parroquias Jima del cantón Sígsig y la periferia cantonal de Girón, al este con las parroquias Quingeo y San José de Raranga del cantón Sígsig, y al oeste con la parroquia Victoria del Portete. Como principal actividad económica sobresale la agricultura con la producción de maíz, papas, fréjol y habas, la ganadería es importante también por una excelente producción lechera, y gran parte de la población joven se traslada diariamente a Cuenca donde realizan otras actividades como obreros de fábricas, elaboración de artesanías, empleados en actividades de comercio, servicios y principalmente como trabajadores de la construcción.

La señora María Auxiliadora es una mujer de 48 años vive con dos de sus hijos menores de 15 y 12 años que estudian en un colegio de la localidad, sus otros cuatro hijos casados y viven independientes. Su esposo es albañil y con el sacrificio de mucho tiempo ha logrado construir su casa propia ubicada en la comunidad Cumbe.

Es una de las socias fundadoras del banco comunal pues ya lleva quince años en él motivada por una compañera del barrio donde formaron un grupo que se desintegró, luego formo este nuevo grupo de mujeres luchadoras y emprendedoras. María Auxiliadora es comerciante de animales compra y vende cuyes y gallinas en las ferias de Cumbe y en la feria libre de Cuenca, esta actividad le ha permitido irse superando económicamente ya lleva en ella 20 años trabajando los días miércoles y sábados, y los de mas de días se dedica a cuidar de su ganado y la leche que obtiene la vende en los carros lecheros. Ahora con su crédito va a comprar más cuyes y gallinas para revenderlos.

Su meta incrementar su negocio cada día y llegar a comprarse un vehiculo.

La señora Luz Fernández vive en la comunidad 3 de noviembre que pertenece a la parroquia Cumbe, tiene 60 años de edad enviudó hace 18 años su difunto esposo falleció en un accidente de tránsito, con él concibieron cuatro hijos que ahora son adultos y casados, vive en su casa propia con una de sus hijas que le hace compañía y comparte los gastos del hogar.

Luz se dedica a la agricultura siembra maíz, papas, hortalizas, etc., tiene ganado vacuno y vende su leche a los carros lecheros, también se dedica a la cría de cuyes y pollos, nos comenta que se encuentra en el bankito desde sus inicios es decir hace 15 años, los créditos le han beneficiado en su negocio de compra y venta de animales, con su nuevo crédito comprará pollos, cuyes y alimento para su crianza, así como también semillas de maíz, fréjol, arveja entre otras.

Tiene como meta seguir trabajando mientras tenga salud.

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
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Tres De Noviembre Cumbe(Cuenca) Group's $4,900 loan helped a member buying guinea pigs, chickens, animal feed, and seeds for corn, beans, peas, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2010
Listed
May 3, 2010
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010