Check out some available loans that are similar to this one!
La Gran Amistad (Cuenca) Group
In this Group: Sara Ines, Carlos Vinicio, Nelly Cecilia, Julia Oliva, Maria Cecilia, Digna Amelia, Virginia Orlanda, Rosa Amelia, Rosa Blanca, Rufino Ernesto, Faviola Dorix, Mercy Cecilia, Maria Dolores
The little “La Gran Amistad” (Great Friendship) Bank is comprised of eleven original members and two added members who came together to seek economic improvement and to get ahead with their families. The bank is located in Cumbe parish, south of Cuenca canton. (To the north is Tarqui parish; to the south are the parishes of Jima in Sigsig canton and the edge of Giron canton; to the east are the parishes of Quingeo and San Jose de Raranga in Sigsig canton, and to the west is the parish of Victoria del Portete.) The region's female population is mainly engaged in agriculture and this is one of the largest producers of corn, potatoes, and beans. Lately, the cultivation of flowers is making inroads.

Mrs. Julia is married and has four children who are 16, 14, 11 and 7 years old. Her first two children are studying in a school in the city of Cuenca, and the last two are students at a local school. Her husband sells handbags and wallets that he produces in his own workshop. Thanks to their marriage, they have successfully built their own home. Julia has worked with her husband in his small workshop in the production of handbags and purses for 10 years. But she has also been a cattle dealer for 15 years, since her parents were engaged in this activity. And she sells milk from her cows to neighbors in the community.

Julia has worked for five years with loans from the foundation and that made construction of her house possible. With this new credit she will buy fabrics, zippers, thread, buckles and other supplies to make portfolios and bags. Her goal is to open a store in her home.

Maria Cecilia has been a member of the bank for 11 years. She is 45 years old, married, and the mother of 8 children, 5 of whom are married and 3 single. They all live in their own homes, thanks to her effort with her husband. The last 2 children are still in school but they help with work at home and provide for expenses. They help their father who also works as driver of an inter-provincial bus. Maria Cecilia has been selling pork for 20 years in her own stall in the Open Market on Wednesdays, Saturdays and Sundays from 6 am to 6 pm. With her new loan, she will buy more pigs for slaughtering and market the meat. Her big dream is to see her children happy and every day forging ahead.
View original language description ↓
El Bankito La Gran Amistad está conformado por once socias y dos socios que se agruparon para buscar mejoras económicas para salir adelante junto a sus familias, este banco está ubicado en la parroquia Cumbe 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, su población femenina se dedica principalmente a la agricultura, es una de las mayores productoras de maíz, papas, fréjol y habas y, últimamente se está incursionando en el cultivo de flores.

La señora Julia M. se encuentra casada y tiene cuatro hijos que se encuentran de 16, 14, 11 y 7 años de edad, sus dos primeros hijos estudian en un colegio de la ciudad de Cuenca y los dos últimos estudian en una escuela de la localidad, su esposo es comerciante de bolsos y carteras que el mismo elabora en su propio taller, gracias al trabajo conyugal han logrado construir su casa propia.

Julia trabaja junto con su esposo en su pequeño taller en la elaboración de bolsos y carteras hace ya 10 años, pero también es negociante de ganado hace 15 ya que sus padres se dedicaban a esta actividad, también vende la leche que obtiene de sus vacas a sus vecinos de la comunidad.

Nuestra socia trabaja ya 5 años con el dinero de los prestamos de la fundación y éstos le han beneficiado para la construcción de su casa, con el nuevo crédito solicitado comprará telas, cierres, hilos, evillas y otros implementos para continuar la confección de las carteras y bolsos.

Su meta es montar una tienda en su casa.

María Cecilia C. es socia del bankito La Gran Amistad hace 11 años, ella tiene 45 años de estado civil casada y madre de ocho hijos de ellos cinco son casados y tres solteros pero todos viven su casa propia gracias al esfuerzo conjunto con su esposo, sus dos últimos hijos aun son estudiantes pero le ayudan en casa y los otros hijos aportan para los gastos que se generan en la casa para ayudar a su padre que trabaja como chofer de un bus interprovincial.

María Cecilia lleva veinte años vendiendo carne de chancho en su puesto propio en el mercado Feria Libre y ésta actividad la realiza los miércoles, sábados y domingos desde las 6 a.m. a 6 p.m. ahora con su nuevo crédito va a comprar más chanchos para despostarlos y comercializar su carne. Su mayor sueño es ver a sus hijos felices y que día a día se superen.


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
  • 52
    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 La Gran Amistad (Cuenca) Group's $4,475 loan helped a member bUYING CLOTH, THREAD, ZIPPERS, AND BUCKLES TO MAKE PURSES AND WALLETS, AND TO BUY PIGS TO SELL PORK.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2010
Listed
May 15, 2010
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010