Check out some available loans that are similar to this one!
Nuevo Bankito La Ramada (Cuenca) Group
In this Group: Blanca Elvia, Sandra Mercedes*, Gloria Magdalena, Margarita Clemencia, Vilma Maribel, Aida Lucrecia, Carmen Piedad*, Maria Elvia, Celinda Marisol*, Blanca Graciela, Maria Gladys, Maria Rosalina, Rosa Alegria, Maria Ildefonsa, Maria Ercila
* not pictured
The Communal Bank “Nuevo Bankito La Ramada” is located in Nabon, which is 69 kilometers outside of the city of Cuenca. This area is connected to the Pan American Highway that runs from Cuenca to Loja and is situated 3000 meters above sea level. The local climate is predominantly cold. Nabon is bordered to the north by Sigsig and Girón, to the south by Oña and the province of Loja, to the east by the provinces of Morona Santiago and Zamora Chinchipe, and to the west by Santa Isabel. The tourist sites that one can visit are the ruins of Lumapara, the beaches of Nabon, and various indigenous communities such as Shiña. The people engage in agriculture, livestock breeding, and mining.


Sra. Gloria Carrión is a member of this Communal Bank. She lives in the community of Nabon with her husband and two children, ages 16 and 4 months. Her oldest child attends the local high school. Gloria and her husband own a home, but they do not live there. Instead, they stay at her parents’ house in the city of Loja, where is she is a native. Her husband sells caps while she manages a grocery store that is open every day from 7am to 8pm.


Gloria is receiving her first loan as a result of one of the other group members who invited her to join the Communal Bank. She will use the money to buy grocery items such as rice, sugar, salt, oil, tuna, pasta, cleaning products, and toiletries to restock her business. Her goal is to have a larger store.


María Ercila Y. lives in the community of La Ramada in the canton of Nabon. She will be receiving her first loan after being invited by the Communal Bank president. María Ercila has been involved in farming activities almost her entire life. Everything she produces is sold at the open market in Cuenca or within her community.


María Ercila is 40 years old, married, and has seven children (ages 23, 17, 15, 14, 13, 7, and 5). Her oldest daughter is married and lives independently. The next four children were all born with disabilities (they are deaf mutes), while the two youngest children attend the local school. María Ercila lives with her family in a small adobe house. Her husband works as a farm laborer. María Ercila will use her loan to buy seeds for planting corn, beans, peas, and other vegetables to continue her crops.


Her dream is to have a larger, nicer house.

View original language description ↓
El Banco Comunal Nuevo Bankito La Ramada se encuentra en Nabon ubicado a 69 Km. de la ciudad de Cuenca, conectado por la vía Panamericana que va desde Cuenca a Loja, tiene una altitud: 3.000 m.s.n.m., su clima predominante es el frío. Los límites: al norte con Sigsig y Girón al Sur con Oña y la provincia de Loja, al este con las provincias de Morona Santiago y Zamora Chinchipe; al oeste con Santa Isabel y al suroeste con la provincia de Loja, los lugares turísticos que se puede visitar son las ruinas de Lumapara, las playas de Nabón y varias comunidades indígenas como Shiña, su gente se dedica a la agricultura, la ganadería y la minería.

La señora Gloria Carrión es socia de este banco, vive en la comunidad Nabón con su esposo y sus dos hijos de 16 años y cuatro meses, su hijo mayor estudia en un colegio de la localidad, tienen casa propia pero no viven ella sino en casa de sus padres en la ciudad de Loja de donde ella es oriunda. Su esposo es comerciante de gorras mientras que ella se dedica a su tienda de víveres desde las 7 a.m. hasta las 8 p.m. todos los días de domingo a domingo.

Este es su primer crédito gracias a su compañera del banco que la invitó a formar parte de éste¸ con éste dinero va a comprar más víveres como arroz, azúcar, sal, aceite, atún, fideos y artículos de limpieza y cuidado personal para abastecer su tienda. Su meta es tener una tienda más grande.

La señora María Ercila Y. vive en la comunidad La Ramada en el cantón Nabon, es su primer crédito y fue invitada por la presidenta del bankito, se dedica a la agricultura actividad que ha realizado casi toda su vida, todo su producción vende en la ciudad de Cuenca en el mercado de la feria libre y también vende en su comunidad.

María Ercila tiene 40 años, se encuentra casada y fruto de su unión ha concebido siete hijos quienes se encuentran de 23, 17, 15, 14, 13, 7, 5 años, su primera hija es casada y vive independiente, sus cuatro hijos siguientes nacieron con discapacitados son sordo mudos y los tres mas pequeños estudian en una escuela de la comunidad, tiene una casita pequeña de adobe donde comparte con ellos y su esposo que es jornalero, con su crédito va a comprar semillas de maíz, fréjol, arveja, etc. para seguir con sus cultivos.

Su sueño es de tener una casita mejor y más amplia

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
  • 54
    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 Nuevo Bankito La Ramada (Cuenca) Group's $2,975 loan helped a member purchase rice, sugar, salt, oil, tuna, pasta, cleaning products, and toiletries.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2010
Listed
May 7, 2010
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010