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Family (Cuenca) Group
In this Group: Fanny Cecilia, Beatriz Yolanda, María Eugenia, Angela Lucia, Tania Silvana, Andrea Elizabeth, Gloria Emperatriz, María Rosario
The Family Communal Bank is made up of 8 members who have managed to get ahead with their families through the daily effort that they put into their work. The members live in different parts of the city of Cuenca. This city is the third most important city in Ecuador, and has great architectural and cultural treasures, a varied cuisine, and very warm and friendly residents.

Ángela Lucia B. lives near the polytechnic university. This is her second loan from the foundation; it was her sister who invited her to join the communal bank. The loans are very helpful for her business. Ángela makes a living selling Avon products, and has been involved in this activity for one year. She doesn’t have a fixed work schedule, but sells her products to her friends and family. She also makes a living doing domestic chores, an activity that she has performed for 15 years. This job doesn’t have a fixed schedule either, since all that her employers ask is for her to do her work responsibly. Ángela is 34 years old, married, and has 4 children, ages 18, 16, 13, and 11. Her oldest daughter works and helps her financially, while the three younger children study at a school in the city. Her husband works at a body shop (he repairs the car bodies). The family doesn’t have its own house and lives in the home of Ángela’s mother, though they are not dependent on her. Ángela’s new loan will be invested in more cosmetics. Her dream is to have a house of her own.

María Eugenia M. lives in the center of the city of Cuenca. She is 49 years old, and has been separated from her husband for 2 years. She has a 24-year-old daughter who is studying to be a veterinarian at the university. They don’t own their own home, but live in a rented house.

María makes a living cleaning houses. She started working in this activity when she was very young and it has helped to get her family ahead. For the past 2 years she has also made a living raising guinea pigs, which she sells at her home. She is on her second loan with the communal bank and will use it to invest in purchasing more guinea pigs. María wants to help her daughter complete her university studies, and her dream is to have her own home.
View original language description ↓
El Banco comunal Family está formado por 8 socias quienes con el esfuerzo diario de su trabajo han logrado sacar adelante a sus familias. Nuestras socias viven en diferentes partes de la ciudad de Cuenca, esta ciudad es la tercera ciudad más importante del Ecuador, su riqueza arquitectónica y cultural es muy grande, su gastronomía muy variada y su gente muy cálida y amable.

La Señora. Ángela Lucia B. vive por el sector de la universidad Politécnica, este es su segundo ciclo con los créditos de la fundación y ha sido su hermana quien la invito a formar parte de la banca comunal. Los créditos la han servido mucho en su negocio, ella se dedica a la venta de productos Avon, actividad que la desempeña hace un año, no tiene un horario fijo de trabajo, vende sus productos a sus amigos y familiares, también se dedica a los quehaceres domésticos desde que tenia 15 años, en este trabajo tampoco tiene un horario fijo ya que sus jefes lo único que le piden es que realice su trabajo con responsabilidad.
Doña Ángela tiene 34 años, es casada y tiene 4 hijos de 18, 16, 13 y 11 años de edad, su primera hija trabaja y le ayuda económicamente, sus tres hijos estudias en un colegio de la ciudad, su esposo es de profesión latonero (arreglo de las latas de los vehículos), no tienen casa propia y vive en casa de su mamá pero independientemente. Su nuevo crédito lo va a invertir en más cosméticos y su sueño es llegar a tener una casa propia.

La Señora María Eugenia M. vive en el centro de la ciudad de Cuenca, tiene 49 años, está separada de su esposo hace 2 años y tiene una hija de 24 años de edad que esta estudiado en la universidad la carrera de veterinaria, no tienen casa propia por lo que vive arrendando.
Doña María se dedica al arreglo de casas, actividad que la viene realizando desde muy joven y le ha ayudado a sacar a su familia adelante, también hace 2 años se dedica a la cría de cuyes los que vende en su casa. Se encuentra en su segundo crédito que realiza en la banca comunal y lo va a invertir en la compra de más cuyes. Su meta es ayudarle a su hija que termine la carrera universitaria y su sueño es llegar a tener una casa propia.

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
  • 38
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Family (Cuenca) Group's $2,200 loan helped a member purchasing Avon cosmetics/ Purchasing guinea pigs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2010
Listed
Aug 31, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011