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Bonanza (Cuenca) Group
In this Group: Martha Beatriz, Bertha Soledad, Maria Isabel, Laura Luz, Maria Esperanza, Maria Cruz, Zhina Lorena, Diana Magali, Maria Elvira
The Bonanza Communal Bank is comprised of nine women who live in different places in the city of Cuenca. This city has a cold climate. Its attractions are the four rivers that surround it, its historic center, its churches, its cuisine, and the warmth and friendliness of its people like our members. The women are strong-willed, and with their work they try to get ahead to give their families a better future.

María Elvira V. lives in the Hiptocruz community which belongs to the Turi parrish. She is in her second loan cycle with the foundation. She was invited by her sister-in-law. She has been selling “quesillo” (soft cheese) and basic grains for 25 years. She makes her sales by roaming the city. She has also had a livestock business for 26 years. She works on Thursdays from 6 a.m. until 3 p.m.

María Elvira is 48, married, and has seven children. Two of her children are married and live independently. Four of her children work and help her economically. Her last child goes to school at SECAP (Ecuadorian Service for Professional Training). Her husband makes deliveries in his truck. With both of them working they have managed to have their own house. The loan will be used to buy guinea pigs to increase her business. Her goal is to establish a business of roasting meat in her community.

Bertha Soledad G. lives in the Hiptocruz community, which belongs to the Turi parrish. She is 23 years old, and she is in a common-law-marriage. She has two children; one is three years old, and one is six months old. Her husband is a baker. They do not have their own house, so they live in an independent way in her mother’s house.

Bertha has been a businesswoman for three years. She has her own stand in the Feria Libre market. She sells fruit, vegetables, and cheese there.

This is her first loan. She was invited by her aunt, who is a member of the communal bank. She will use the loan to buy avocadoes to sell at her stand. Her goal is to set up a bakery so that her husband can work.
View original language description ↓
El banco comunal Bonanza esta formado por un grupo de 9 mujeres quienes viven por diferentes lugares de la ciudad de Cuenca, esta es una ciudad de clima frió, tiene como atractivos sus 4 ríos que la bañan, su centro histórico, sus iglesias, su gastronomía y su gente que es muy amable y cordial como nuestras socias, quienes son mujeres luchadoras que con su trabajo tratan de salir adelante y así brindarles un mejor futuro a sus familias.

La Señora María Elvira V. vive en la comunidad de Hiptocruz que pertenece a la parroquia de Turi, se encuentra en su segundo ciclo realizando los créditos en la fundación, fue invitada por su cuñada. Se dedica hace 25 años a la venta de quesillo (queso tierno) y granos, realiza sus ventas deambulando la ciudad, también se dedica al negocio de ganado hace 26 años, labora lo días jueves de 6 a.m. hasta las 3 p.m.
La Señora María Elvira tiene 48 años, es casada y tiene 7 hijos, dos de sus hijos son casados y viven de manera independiente, sus cuatro hijos trabajan y le ayudan económicamente y su ultimo hijo estudia en el SECAP (Servicio Ecuatoriano de Capacitación Profesional), su esposo se dedica a realizar fletes en su camioneta y con el trabajo en conjunto han logrado tener su casa propia. Su crédito lo va a invertir en la compra de cuyes para incrementar su negocio. Su meta es poner un asador de carnes en su comunidad.

La Señora Bertha Soledad G. vive en la comunidad de Hiptocruz que es perteneciente a la parroquia de Turi, tiene 23 años, vive en unión libre y tiene 2 hijos de 3 años y 6 meses de edad, su esposo es panificador, no tiene casa propia por lo que vive en casa de su mamá de una manera independiente.
Doña Bertha Soledad se dedica al comercio hace 3 años, cuenta con un puesto propio en el mercado de la feria libre donde vende frutas, hortalizas y quesos. Se encuentra en su primer crédito, fue invitada por su tía que es socia de la banca comunal, su crédito lo va a invertir en la compra de aguacates para vender en su puesto, su meta es ponerse una panadería para que trabaje su esposo.

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
  • 44
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Bonanza (Cuenca) Group's $3,425 loan helped a member buy guinea pigs and avocadoes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2010
Listed
Aug 13, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011