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Maria Reina De La Paz(Cuenca) Group
In this Group: Maria Narcisa De Jesus, Carmen Delia, Maria Juana, Maria Lucia, Blanca Carmita, Maria Beatriz, Patricia Marlene, Livia Asucena, Flavia Yolanda, Flor Felicia, Valeria Adrian
The María Reina de la Paz Communal Bank is comprised of 11 members who are always looking for daily opportunities to improve the economy of their households. They do this to get ahead with their families.

They live in the city of Cuenca, which is 2,500 meters above sea level. It is situated in a great valley within the Andes mountain range. It is surrounded by four rivers; Tomebamba, Yanuncay, Machángara and Tarqui; that start at the Cajas junction. The rivers create spaces in the valley of Guapondelig in the town of Cañari. They invite its residents and visitors to enjoy the majestic rivers and to take pleasure in them.

Carmen A., age 37, has been divorced for six years due to her spouse’s infidelity. She has four children; ages 23, 18, 15, and 13. Her first two children work and help economically with the household expenses. They also help with the educational expenses for the two younger children. The two younger children are in the city’s high school. The house they live in is rented, and her dream is to have her own house.

Carmen sells comforters, sheets, tablecloths, and jewelry, etc. She sells along the streets of her area giving credit in order to get more customers. She tells us that she previously worked in a bar that she owned. But, due to health problems, she had to leave this business.

She has been a member with us for four years. The loans she has received have been invested in her business. With the new loan she will buy sheets, comforters, tablecloths, and some jewelry. She will buy these things to have sufficient stock for her customers, and to give them good service.

Luisa Solórzano is a charismatic member with a great desire to grow economically in order to help her family. She is in her second cycle of working with her bank. She has been doing domestic work in other people’s houses for eight years. She does this from Monday through Friday from 8 a.m. until 2 p.m. She spends the rest of her time devoted to her family. On the week-ends she sells juices, “espumillas” (a frothy drink made from beaten egg whites and fruit), and “granizados” (colored ice in various flavors with condensed milk). She sells these traveling her area.

She will use the new loan to buy sugar, condensed milk, guavas, cones, some dishes, and other things she needs for her business. Her goal is to have a bar. She could work her business from there and not have to travel the streets of the city.

Luisa, age 48, lives with her husband. He does not work due to the condition of his health. He has renal insufficiency and vascular thrombosis. Her four children are 21, 19, 13, and 11 years old. Her last daughter goes to a school in the city. Her first three children attend a different school. They live in a rented house because they do not have their own house.
View original language description ↓
El banco comunal María Reina de la Paz se encuentra formado por once socias que siempre están en la búsqueda de oportunidades día a día para mejorar la economía de su hogar y salir adelante junto a su familia, viven en la ciudad de Cuenca localidad ubicada a 2.500 metros de altitud sobre el nivel del mar y está asentada en un gran valle dentro de la cordillera de los andes. Está rodeada por cuatro ríos que nacen en el nudo del Cajas como son el Tomebamba, Yanuncay, Machángara y Tarqui determinando espacios dentro de la ciudad desde la existencia de Guapondelig localidad Cañari invitando a sus residentes y visitantes a disfrutar de éstos majestuosos ríos y recrearse en ellos.

Carmen A. con 37 años de edad, divorciada hace seis a causa de infidelidad de su cónyuge es madre de cuatro hijos que se encuentran de 23, 18, 15, 13 años, sus dos primeros hijos trabajan y ayudan económicamente tanto para los gastos del hogar como para el estudio de sus hijos menores que cursan la secundaria en un colegio de la ciudad, la casa en la que viven es arrendada y su sueño es llegar a tener su vivienda propia.

Carmen se dedica al comercio de edredones, sábanas,manteles, joyas etc., recorriendo las calles de la localidad dejando a crédito para captar más clientes nos comenta que antes laboraba en un bar de su propiedad pero debido a problemas en su salud tubo que dejar este negocio, es nuestra socia hace cuatro años y los préstamos obtenidos ha invertido en su negocio, con el nuevo crédito comprará sábanas, edredones, manteles y algunas joyas para tener un stock suficiente para sus clientes y dar un buen servicio.

La señora Luisa Solórzano es una socia carismática y con muchas ganas de crecer económicamente en su vida para ayudar a su familia, se encuentra en el segundo ciclo trabajando con su bankito, ella se dedica a los quehaceres domésticos en casas ajenas hace 8 años, labor que realiza de lunes a viernes de 8 a.m. a 2 p.m. y el resto del tiempo lo dedica a su familia mientras que los fines de semana se dedica a la venta de jugos, espumillas, granizados (hielo con colorantes de varios sabores y leche condensada) recorriendo su sector.
Su nuevo crédito invertirá en la compra de azúcar, leche condensada, guayabas, conos, unas bandejas y algo más que necesite para su negocio. Su meta es llegar a tener un bar para trabajar desde allí con su negocio y no tener que recorrer las calles de la urbe.

Luisa tiene 48 años vive con su esposo que no trabaja debido a su estado de salud pues sufre de insuficiencia renal y trombosis vascular y sus cuatro hijos de 21, 19, 13, 11 años, sus tres primeros hijos estudian en el colegio y la última hija estudia en una escuela de la ciudad.
Viven arrendando porque no tienen casa propia

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
  • 102
    View loans »
    Ecuador Loans Fundraising
  • $24,134,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Maria Reina De La Paz(Cuenca) Group's $4,025 loan helped a member buy sheets, comforters, tablecloths, jewelry, sugar, condensed milk, guava, cones, and dishes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2010
Listed
May 14, 2010
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010