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Mi Bankito ( Cuenca ) Group
In this Group: Gloria Susana, Flora Magdalena, Martha Janneth, Aida Graciela*, Nube Leonor, Gladys Estrella, Fanny Rocio, Diana Nataly *, Shirley Marisol, Nelly Uvaldina, Ana Piedad
* not pictured
The Communal Bank “Mi Bankito” (My Little Bank) consists of eleven members who struggle day after day in their jobs so that they can get ahead and grow alongside their families. They live in the community of Aguacate in the city of Cuenca, which is known for its beautiful architecture, its people, its culture, and its cuisine.


Sra. Fanny León lives in the community of Guagunchi, which is part of El Valle Parish. She is participating in her second loan cycle. Fanny was invited by her sister to become part of this Communal Bank made up of determined and enterprising women. She has has been operating her own workshop for ten years. Fanny works from 8am until 6pm making jeans. She has employees who work for her and help grow her business.


Fanny is 36 years old, married, and has three children (ages 16, 13, and 10) that resulted from her relationship with her husband. Her oldest child dropped out of high school because of a few problems, but he plans to return next year. The second child currently attends high school and her youngest daughter is in elementary school. Her husband works in the family business. Thanks to their mutual efforts, they were able to build their own home. With her new loan, Fanny plans to buy fabric and materials for her workshop. Her goal is to continue growing her business.


Sra. Gladis A. lives in the community of Aguacate. She is 40 years old, married, and has four children who are currently 20, 19, 18, and 17 years of age. Her oldest child attends the university. Her second daughter had to quit school after she became pregnant and is now in a common law marriage. Her third child is married and lives independently. The youngest child is a high school student. Her husband works as a crane operator. As a result of both of their jobs, they were able to build their own home.


Gladis has worked the past eight years providing housekeeping services at a residence. She only works half a day and spends the rest of the time caring for her child. There are times when she also does laundry for other people. Gladis is participating in her second loan cycle and was previously part of another Communal Bank group. The loans have been a great benefit because they have provided financial stability to her household and the payments are simple to make. Her new loan will be used to pay the bill for the computer that she acquired to help with her children’s studies. Gladis hopes to have her own business so that she does not have to depend on other people.

View original language description ↓
El banco comunal Mi Bankito esta formado por 11 socias que luchan día a día en sus trabajos para salir adelante y así crecer conjuntamente con su familia, viven en la comunidad del Aguacate, en la ciudad de Cuenca, esta ciudad es conocida por su belleza arquitectónica, su gente, su cultura, su gastronomía.

La Señora Fanny León vive en la comunidad de Guagunchi perteneciente a la parroquia del Valle, se encuentra en su segundo ciclo, fue invitada por su hermana ha formar parte de este bankito de mujeres luchadoras y emprendedoras, se dedica a trabajar en el taller de su propiedad, lleva trabajando 10 años en su negocio laborando de 8 a.m. hasta las 6 p.m., se dedica a la confección de jeans, trabaja con empleados quienes le colaboran para crecer en su negocio.

Nuestra socia tiene 36 años de edad, casada y fruto de esa unión ha concebido 3 hijos quienes tienen 16, 13 y 10 años de edad, su primer hijo se ha retirado del colegio por unos problemas que ha tenido pero este año de nuevo va a reingresar, su segundo hijo se encuentra estudiando en el colegio, y su última hija estudia en la escuela, su esposo trabaja en el taller de la familia, gracias al trabajo en conjunto han logrado construir su casa propia, con su nuevo crédito lo va a invertir en la compra de tela y materiales para su taller, su meta es seguir creciendo en su taller.

La Señora Gladis A. vive en la comunidad del Aguacate, tiene 40 años de edad, casada, en su unión conyugal ha concebido 4 hijos quienes ahora se encuentra de 20, 19, 18, 17 años de edad, su primer hijo estudio en la universidad, su segunda hija ha tenido que retirarse de sus estudio por quedar embarazada y ahora vive en unión libre, su tercer hijo es casado y vive de manera independiente, su último hijo estudia en el colegio, su esposo es chofer de grúas, con el trabajo conyugal han logrado construir su casa propia.

Nuestra socia se dedica al arreglo de una casa en la cual va 8 años trabaja solo el medio día ya que el resto del tiempo se dedica al cuidado de un niño, también hay veces que se da tiempo para lavar ropa de otras personas. Se encuentra en su segundo ciclo, antes a pertenecido a otro grupo en la banca comunal y los créditos le han beneficiado para la estabilidad económica de su hogar, por las facilidades en el pago. Con su nuevo crédito lo va pagar una letra de la computadora que adquirido para el estudio de sus hijos, su meta es de llegar a tener un negocio propio para no depender de otra persona.

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
  • 58
    View loans »
    Ecuador Loans Fundraising
  • $23,551,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mi Bankito ( Cuenca ) Group's $4,100 loan helped a member purchase fabric, zippers, buttons, and thread for making jeans.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
N/A
Ended:
Dec 21, 2010