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La Merced (Cuenca) Group
In this Group: Eulalia Eloisa, Lourdes Isabel, Laura Maria, Blanca Filomena, Maria Eudocia*, Fanny Carmen, Maria Teresa, Laura Isabel, Rosa Angelita
* not pictured
The communal bank La Merced is made up of 9 women who fight day to day for a better present and future for their children. They are proud of what they have acccomplished so far. They live in the Santa Ana parish in the Cuenca canton. To the north is the Paccha parish, to the south is the Quingeo parish, to the east is the Zhidmad parish of the Gualaceo canton, and to the west is the El Valle parish. 14 km away is the city of Cuenca. Its church is the main tourist attraction of the parish, as well as “the Festival of the Song" which happenes every year and attracts a number of visitors from the region and other cities in the country.

Mrs. Blanca M. is in her fourth cyle working with her community bank. She was motivated to join this group of working women by a friend from the community. She raises chickens, guinea pigs and pigs that she sells in her community, especially when she has a finanacial emergency. With the loan she receives she is going to buy chickens, guinea pigs and their feed.

Our member is 46 years old. She was widowed six months ago because her husband drank too much. She had four children with her deceased husband, aged 21,18,16 and 11. Her oldest two children are married and live independently. Her 16 year old daughter is the only one who lives with her and she is a domestic worker and helps her with the household expenses. Her youngest daughter goes to school in town. Thankfully, she has her own home, inherited from her father who passed away two months ago.

Her goal right now is to make some home repairs.

Fanny is 29 years old. She is married and has two children who are 11 and 3. Her oldest daughter goes to a community school and the three year old stays with her. She is living in her parents-in-law's house until she can afford to build her own. Her husband drives a dump truck that he owns and she raises and sells guinea pigs, chickens and pigs for her family's own consumption and to sell in the community.

She has been a member for three cycles. She was invited by her sister in law to enter this wonderful group of enterprising women. She is going to invest her loan in purchasing more pigs, food pellets and other feed to raise them.
View original language description ↓
El Banco Comunal La Merced esta conformado por 9 Mujeres que luchan día a día por un mejor presente y futuro para sus hijos y se encuentran orgullosas de lo que han logrado hasta el momento, viven en la parroquia Santa Ana que se encuentra ubicada al este del cantón Cuenca, limita al norte con la parroquia Paccha, al sur con la parroquia Quingeo, al este con la parroquia Zhidmad del cantón Gualaceo, y al el oeste con la parroquia El Valle a una distancia de 14 km. desde la ciudad de Cuenca. Su iglesia es el principal centro turístico de la parroquia así como “El festival de la canción” que se realiza todos los años que atrae a un gran número de visitantes de la región y otras ciudades del país.

La señora Blanca M. se encuentra en el cuarto ciclo trabajando con su banco comunal incentivada a ingresar a este equipo de mujeres trabajadoras por una amiga de su comunidad, ella se dedica a la cría de pollos, cuyes y chanchos que los vende en su comunidad sobre todo cuando tiene alguna emergencia económica. Con el crédito que reciba va a comprar crías de pollos, cuyes y su alimento.

Nuestra socia tiene 46 años de edad, enviudó hace seis meses porque su esposo bebía mucho, con su difunto esposo procrearon cuatro hijos que ahora tienen 21, 18, 16 y 11 años, sus dos primeros hijos son casados y viven de manera independiente y sólo vive con su hija de 16 años trabaja como empleada domestica y es quien le ayuda en los gastos del hogar y su última hija que estudia en una escuela de la ciudad, da gracias a dios porque cuenta con su casa propia herencia de su padre que falleció hace dos meses.

Su meta ahora de realizar unos arreglos en su casita.

Fanny tiene 29 años de edad, casada y tiene dos hijos que se encuentran de 11 y 3 años, su primera hija estudia en una escuela de la comunidad y el de tres pasa con ella, vive en casa de sus suegros hasta que pueda construir su casa propia, su esposo es chofer de una volqueta de su propiedad y ella se dedica a la cría cuyes, pollos y chanchos que tiene tanto para el consumo en su hogar como para la venta en su comunidad.

Es nuestra socia hace tres ciclos invitada por su cuñada a ingresar a este gran grupo de mujeres emprendedoras, su crédito lo va a invertir en la compra de mas chanchos, afrechillo y otros alimentos para su crianza.

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
  • 34
    View loans »
    Ecuador Loans Fundraising
  • $23,216,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of La Merced (Cuenca) Group's $2,975 loan helped a member to purchase chicks, guinea pigs, pigs, food pellets and other feed to raise the animals.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010