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El Cruce Hacia El Futuro (Cuenca) (Crossroad Toward The Future) Group
In this Group: Elsa Gladys, Janaeth Faviola*, Maria Del Carmen, Johanna Belen, Maria Angelita, Monica Patricia, Maria Del Carmen, Rosa Del Cisne, Gladis Blanca, Veronica Ines
* not pictured
El Cruce Hacia el Futuro (Crossroads Toward the Future) is a communal bank that was formed by a group of women who look every day to improve their household economy through daily work. The group is located in the Sinincay neighborhood where you can enjoy green and flowered fields, the lush vegetation of the mountains, the rivers and brooks, the song of the birds, adobe and brick houses both traditional and modern. The people are known for their humility, work, respect for others, and friendliness toward visitors.

Señora Mónica C. lives in the neighborhood of Las Malvinas in the city of Cuenca. She is requesting her first loan, motivated by her aunt and her cousin to form part of this splendid group of women striving in life. She is 34 years old and has been separated from her husband for 12 years since he left the country to try and offer them a better future, but on arriving at his destination he forgot about his family. Their union had resulted in a daughter who is now 11 years old and studies in a school in the city. Monica does not have her own house so she lives in her parents' house.

Monica works as a domestic servant and also works in her mother's bar. For the moment she is in charge since her parent has been sick. She works at the bar only weekends and in her free time she works selling clothing which she has been doing for 3 months. With this loan she will buy pants, shirts, blouses, skirts, dresses, and other accessories for all family members in order to have a ready stock of items for her demanding clients.

Her greatest dream is to have her own house.

Señora Rosa P. lives in the El Cruce de Sinincay area, is 44 years old, and is married. Her marriage has resulted in six children who are ages 27, 25, 22, 14, 13, and 4. Her oldest daughter is married and lives independently. Her second son works in Hidropaute and only comes to the house on weekends. He helps Rosa a little with the economy of the home. Her third son works and studies at the university. The 2 next children continue studying in high school. Her husband is a professional mason. Thanks to the sacrifice of the family they have been able to build their own house.

Rose had a stand where she butchered pigs and prepared rich dishes but a year and a half ago she got a gallbladder illness and had to give up that work. Now she works in the cafe of a high school where she has been for eight months.

She has been a member of the communal bank for 10 years, thanks to an invitation from her cousin. With previous loans she maintained her stand and with the new loan she will pay some debts acquired in her previous business that have accumulated.

Her goal is to improve the state of her house.
View original language description ↓
El Cruce hacia el Futuro es un banco comunal que está formado por un grupo de mujeres que buscan cada día mejor la economía de su hogar con su trabajo diario, se encuentra ubicado en la parroquia Sinincay localidad donde podemos disfrutar de sus campos verdes y floridos, la frondosa vegetación de sus montañas, sus ríos y quebradas, el trino de sus aves, sus casas de adobe y ladrillo mezcla de lo antiguo con lo moderno, su gente se caracteriza por su humildad, trabajo, respeto a los demás y amabilidad con los visitantes.

La señora Mónica C. vive en el barrio Las Malvinas en la ciudad de Cuenca, se encuentra en su primer crédito motivada por su tía y prima a formar parte de este hermoso grupo de mujeres combatientes en la vida, tiene 34 años de edad, se encuentra separada hace 12 años de su esposo ya que el viajo hacia el extranjero para brindarles un mejor futuro pero al llegar a su destino se olvido de su familia, en su unión conyugal ha concibió una hija que se encuentra de 11 años de edad y estudia en una escuela de la ciudad, no tiene casa propia por lo que vive en casa de sus padres.

Mónica es empleada privada pero también labora en un bar de su mamá que por el momento se esta haciendo cargo ya que su progenitora se encuentra enferma, en él trabaja solo los fines de semana y en sus tiempos libres se dedica a la venta de ropa actividad que la realiza hace 3 meses.

Con su crédito comprará pantalones, camisas, blusas, faldas, vestidos y mas prendas para toda la familia para de esta manera contar con un stock surtido para su exigente clientela.

Su mayor sueño es tener una casa propia.

La señora Rosa P. vive en el sector El Cruce de Sinincay, tiene 44 años de edad, se encuentra casada y fruto de su unión conyugal engendró seis hijos quienes se encuentran de 27, 25, 22, 14, 13 y 4 años de edad, su primera hija es casada y vive de manera independiente, su segundo hijo trabaja en Hidropaute y solo llega a su casa los fines de semana y es quien le ayuda un poco con la economía de su hogar, su tercer hijo trabaja y estudia en la universidad, sus dos hijos siguientes estudian en el colegio, su esposo es de profesión albañil y gracias al sacrificio familiar han logrado construir su casa propia.

Rosa antes contaba con un kiosco en el cual sacrificaba chanchos y preparaba unos ricos platos pero hace un año y medio se enfermo de la vesícula y tuvo que dejar esta actividad, ahora trabaja en el bar de un colegio en el que se encuentra ocho meses.

Es socia del banco comunal hace diez años gracias a la invitación de su prima, con los créditos anteriores mantenía su kiosco y hoy con su nuevo crédito pagará unas deudas adquiridas en su anterior negocio que se le han acumulado.

Su meta es mejorar el estado de su vivienda.

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
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,837,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of El Cruce Hacia El Futuro (Cuenca) (Crossroad Toward The Future) Group's $3,975 loan helped a member buy pants, shirts, blouses, skirts, dresses, and other clothing for all family members.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2010
Listed
May 10, 2010
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010