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Hermano Miguel (Cuenca) Group
In this Group: Mariana De Jesús , Monica Isabel, Norma Beatriz, María Teresita, Gladis, Macia Teresa, Nancy Patricia, Narcisa De Jesús
The communal bank Hermano Miguel is made up of 8 women that are like a close knit family, all looking to improve their financial situations and to provide for their families. They live in the city of Cuenca. This is the third most important city in the country. It has a great variety of gastronomy and a natural beauty.

Señora Norma Beatriz lives on the outskirts of Cuenca. She is 29 years old and married. She has 3 children, ages 11, 9 and 5. All of her children attend school. Her husband is an upholsterer and has his own workshop. They don't own their own house but live in a rented house. Señora Norma has been a teacher for 4 years and works half days in a school. She also sells Forever natural products. She has had 17 loans with the communal bank and she tells us that the loans have benefited her greatly since they have easy repayment plans. She will invest this loan in more Forever products. Her dream is to have her own house.

Señorita Marcia Teresa Carvinagua lives near the Orquídeas neighborhood on the outskirts of Cuenca. Señorita Marcia is 20 years old and single. She lives in her sister's house and is economically dependent on her parents. She is studying educational psychology at the university. She is starting her first year. She also helps her mother in a bar they own. This is her first loan with the foundation. She was encouraged by her mother to join this group of hard-working women. She will use the loan from Fundación Espoir to pay her enrollment fees and to buy products for the bar. Her dream is to finish school.

NOTE: The woman standing with the child in red in the back line of the photo is not a member of the bank. She is a parent of one of the members.
View original language description ↓
El banco comunal Hermano Miguel está formado por 8 mujeres que son como una familia unida que buscan mejorar su economía y así salir adelante con sus familias. Viven en la ciudad de Cuenca, esta ciudad es la tercera ciudad mas importante del país, tiene una gran variedad en su gastronomía y una belleza natural.

La Señora Norma Beatriz vive en las afueras de la ciudad de Cuenca, tiene 29 años, es casada y tiene 3 hijos de 11, 9, 5 años de edad, todos sus hijos estudian en la escuela, su esposo es tapicero y posee su propio taller, la casa en la que habitan no es de su propiedad por lo que viven arrendando.
La Señora. Norma es maestra hace 4 años, pertenece al magisterio y labora medio día en una escuela, también se dedica a la venta de productos naturales Forever. Lleva 17 créditos trabajando con la banca comunal y nos comenta que los créditos son muy beneficiosos ya que tiene facilidad de pago, el nuevo crédito que la FUNDACION ESPOIR le hace entrega lo va a invertir en más productos Forever. Su sueño es tener su casa propia.

La Señorita Marcia Teresa Carvinagua vive por el sector de la Orquídeas en las afueras de la ciudad de Cuenca, estudia en la universidad la carrera de Psicología educativa y va en su primer año, también ayuda a su mamá en un bar que poseen, es su primer crédito en la fundación y ha sido incentivada por su mamá a formar parte de este grupo de mujeres luchadoras.
La Señorita Marcia tiene 20 años de edad, es soltera, vive en la casa de su hermana y depende económicamente de sus papás. El crédito que la FUNDACION ESPOIR le hace entrega lo va a invertir en su matrícula y en la compra de productos para el bar, su sueño es terminar su carrera.

NOTA FOTO: Las Señora que esta parada en la parte de atraz con un niño en brazos vestido de rojo, no perteneca a la banca, es pariente de una de las socias.

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
  • 54
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Hermano Miguel (Cuenca) Group's $2,750 loan helped a member to purchase Forever products, to pay school registration fees and buy food items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2010
Listed
Aug 26, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011