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Arco Iris ( Cuenca ) Group
In this Group: Maria Rosario, Ligia Narciza, Nancy Patricia, Marcia Beatriz, Mariana De Jesus, Lourdes Esperanza, Gladys Beatriz, Ana Yolanda, Nancy Cristina
The community bank Arco is made up of a group of 9 women that work hard every day in their businesses, to improve the finances of the family. They live in the community 3 Marias, the same community that is well known for its agricultural products. Much of the young members of the population leave the city in search of better work and they also migrate to look for greater financial stability for their families.

Mariana lives in the 3 Marias community. She has been a member of the community bank for the past 4 years and the loans have greatly benefitted her business. She raises chickens and guinea pigs. She started out the business when she married and it has been her way of contributin to the family's finances. She also cultivates the land, where she sows vegetables for their own use and for sale in the community.

This member is 53 years old, she is married, and she has 5 children, aged: 29, 27, 23, 21 and 19 years old. Her four sons are all single and they all work. They contribute to the family's finances. Only their fourth child is married and lives independently. Her husband is retired and it was in working together that they are able to have their own home. The member will be investing her new loan in the purchase of chicken feed. Her goal is to make her business grow.

Lourdes lives in the community of 3 Marias. She is a single mother of three children, aged 17, 11 and 8 years of age. Her eldest child is in college and the other two are schooled. With hard work and with the help of her business she has managed to build her own home.

She has worked for the past 10 years in the community school cafetaria. She is currently on holidays but she is anxious to have the kids go back to school so that she can go back to work. She also raises chickens and guinea pigs. She started this out last year and it has been going well, as there is a great deal of demand.

Lourdes has rejoined the community bank after having missed her colleagues. This loan will be invested in the purchase of chicken and their feed. Her goal is to keep her business growing.
View original language description ↓

El banco comunal Arco Iris esta formado por un grupo de 9 mujeres quienes luchan día a día en sus trabajos para mejorar la economía de sus hogares, viven en la comunidad de 3 Marías la misma que es reconocida por su producción en la agricultura, mucha de su población joven sale a la ciudad en busca de un mejor trabajo y también han migrado para buscar una mejor estabilidad económica para sus familias.

La Señora. Mariana vive en la comunidad de 3 Marías, es nuestra socia hace 4 años y los créditos le han beneficiado en su negocio, el mismo que es la cría de pollos y cuyes, inicio este negocio cuando se caso y ha sido la manera de ayudar en la economía de su hogar, también se dedica a cultivar sus tierras, en donde siembra verduras que son para el consumo de su hogar y también las vende en su comunidad.

Nuestra socia tiene 53 años de edad, es casada y tiene 5 hijos de 29, 27, 23, 21 y 19 años de edad, sus cuatro hijos son solteros, trabajan y ayudan a la economía de su hogar, solo su cuarto hijo es casado y vive independientemente, su esposo es jubilado y gracia al trabajo conyugal han logrado tener su casa propia. Nuestra socia va ha invertir su nuevo préstamo en la compra de alimento para sus pollos, su meta es crecer en su negocio.

La Señora. Lourdes vive en la comunidad de 3 Marías, nuestras socia es madre soltera y tiene 3 hijos quienes se encuentran de 17, 11 y 8 años de edad, su primer hijo está en el colegio y sus dos últimos hijos en la escuela, con el esfuerzo de su trabajo ha logrado construir su casa propia.

Nuestra socia trabaja en el bar de una escuela de la comunidad por 10 años, ahora se encuentra de vacaciones y esta muy ansiosa que retomen las clases los niños para volver al trabajo, también se dedica a la cría de pollos y cuyes actividad de ha empezado hace un año y le va muy bien ya que hay mucha demanda.

La Señora. Lourdes se encuentra reingresando al banco comunal, ya que extrañaba a sus compañeras del bankito, su crédito lo va a invertir en la compra de pollos y en su alimento, su meta es seguir creciendo en su negocio.

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 Arco Iris ( Cuenca ) Group's $2,425 loan helped a member to purchase chickens and chicken feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2010
Listed
Jul 20, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011