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Cumbe Centro ( Cuenca ) Group
In this Group: Miriam Leonor, Cesar Gerardo, Miriam Janneth, Marjorie Rosario, Jose Wilson , Maria Esthela, Rosa Beatriz, Maria Targelia, Edison Xavier*
* not pictured
The members of the Cumbe Centro community bank live in the parish of Cumbe and work hard to improve the economic situation of their families. The Cumbe parish is a rural area where people work at farming and raising livestock. Many young people from the parish have emigrated to other parts of the world so that they can better help their families.

Sra. Rosa Yangari is getting her first loan from the foundation after being introduced to the group by a friend. She has operated a business selling toys and other miscellaneous products for 3 years, working as a street vendor from 8:00am to 6:00pm Wednesdays to Sundays. Rosa is 19 years old. She lives with her partner who sells traditional medicines. They live with Rosa's in-laws because they don't have a house of their own. Rosa will use her loan to buy more toys so that she can grow her business. Her goal is own her own house.

Sra. Marian M. lives in the city of Cuenca. This is her first Espoir loan. Marian, 27, is married and the fruit of the marriage is her two children, 12 and 6 years old, both in local schools. Her husband makes a living selling natural medicines. They live in a rented property because they don't have a house of their own. She has operated a business selling costume jewelry for 13 years, a business that her parents encouraged her to start. She works as a street vendor selling her goods in different parts of the city. She has worked as a stylist for a year since studying to learn it and she works in a shop from 8:00am to 6:00 Mondays to Fridays. She will use the loan to buy products for her jewelry business--chains and craft products. Her goal is to set up a shop of her own so that she doesn't have to work as a street vendor.
View original language description ↓
El banco comunal Cumbe Centro esta formado por un grupo de socias y socios que viven la parroquia de Cumbe y siempre se encuentran en la lucha para mejorar su situación económica de sus familias, esta parroquia se caracteriza porque su gente se dedica a la agricultura y ganadería, mucha de su población joven a emigrado a diferentes lugares del mundo para brindar a sus familias una mejor estabilidad económica.

La Señora Rosa Yangari está realizando un crédito en la fundación por primera vez gracias a una amiga quien la invitado, se dedica a la venta de juguetes, correas etc., actividad que la realiza hace 3 años trabaja recorriendo la ciudad desde las 8 a.m. hasta las 6 p.m de miércoles a domingo.
Nuestra socia tiene apenas 19 años edad, vive en unión libre y aun no tiene hijos, su esposo se dedica a la venta de medicina natural, no tienen casa propia por lo que viven en casa de sus suegros. Su crédito lo va a invertir en la comprar de más juguetes y así crecer un poco mas en su negocio, su meta es de llegar a tener su casa propia.

La Señora. Marian M. vive en la ciudad de Cuenca es su primer crédito que realiza en la fundación Espoir, tiene 27 años de edad, es casada y fruto de su unión conyugal ha concebido 2 hijos que se encuentran de 12 y 6 años de edad que están estudiando en una escuela de la ciudad, su esposo se dedica a la venta de productos Naturales, no tienen casa propia por lo que viven arrendando.
Nuestra socia se dedica a la venta de bisutería hace 13 años siendo sus padres quienes le incentivaron a que empiece con este negocio, vende recorriendo la ciudad, también es estilista hace un año ya que ha estudiado para ello y trabaja en un local de lunes a viernes de 8 a.m. hasta las 6 p.m. Su crédito lo va a invertir en la compra de cadenas y artesanías; su meta es llegar tener un bazar para ya no tener que salir a recorrer la ciudad.

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
  • 56
    View loans »
    Ecuador Loans Fundraising
  • $23,876,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Cumbe Centro ( Cuenca ) Group's $2,750 loan helped a member buy products to resell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2010
Listed
Jul 2, 2010
Currency Exchange Loss:
N/A
Ended:
Dec 21, 2010