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Nueva Ilusión (Cuenca) Group
In this Group: Ana Victoria, María Lorena, Libia Mercedes, Mónica Priscila, Blanca Rocío, Jessica Liliana*, Carmen Natalia, Olga Bersabé, María Filomena, Carmen Mercedes
* not pictured
The Nueva Illusion ["New Hope"] community bank is a group of 10 women who fight day to day to improve their household incomes and offer their children a better future. They live in the Cumbe parish, a parish with a cold climate whose main economic activities are agriculture and ranching. The majority of the population leaves for the city in search of better work to improve their household income.

Carmen lives in the Tres de Noviembre neighbourhood in the Cumbe parish. This is her first loan with the Fundacion. She was invited by a friend in the neighbourhood who belongs to the community bank. She is 35, married and has 2 children ages 13 and 11. Her oldest child studies in a school in the city, and her second child goes to a school in the parish. Her husband migrated, looking for a better future for his children, and he helps the family with his work. She has a small home of her own, but she lives in her mother's home where they share costs. Carmen raises animals; guinea pigs and hens that she sells in her parish. She has cattle, and she provides the milk to milk trucks. She has been doing this work for 15 years. She also does the household chores and cares for her children. Her loan is to be invested in the purchase of food for her animals. Her goal is to grow her business.

Maria Filomena lives in the Floresta neighbourhood in the Cume parish. She is 59, married and has 4 children ages 39, 37, 25 and 20. All of her children are married and three of them live independently. Only her youngest daughter lives with her, and they share the household costs. Her husband works as a bricklayer's assistant, and thanks to his work they have been able to build their own home. All of her life, Maria has raised animals such as livestock, barnyard fowl and guinea pigs, which she sells when she has financial needs. She also works in agriculture. She grows corn and vegetables, the majority of which are for her household consumption. This is her first loan in the community bank, and she was invited by her friends in the neighbourhood who are part of this hard-working women's group. She will invest this, her first loan, in the purchase of chickens to continue with this business, which is her goal.
View original language description ↓
El banco comunal Nueva Ilusión se encuentra formada por un grupo de 10 mujeres quienes luchan día a día para mejorar la economía de sus hogares y entregar a sus hijos un mejor futuro. Viven en la parroquia de Cumbe, esta parroquia es de clima frió, la actividad económica de este sector es la agricultura y ganadería, mucha de su población sale a la ciudad en busca de mejores trabajos para así mejorar la economía de sus hogares.

La Señora Carmen vive en el barrio Tres de Noviembre en la parroquia de Cumbe. Este es el primer crédito que realiza en la fundación y fue invitada por una amiga del barrio que pertenece a la banca comunal. Tiene 35 años, es casada y tiene 2 hijos de 13 y 11 años de edad. Su primer hijo estudia en un colegio de la ciudad y su segundo hijo en una escuela de la parroquia. Su esposo en busca de un mejor futuro para sus hijos ha migrado y con su trabajo ayuda a su familia. Tiene una casa pequeña que es de su propiedad pero vive en la casa de su mamá en donde comparten gastos.
Doña Carmen se dedica a la cría de animales, los cuyes y gallinas las que vende en su parroquia, tiene ganado y la leche es para entregar a los carros lecheros, se dedica esta labor hace 15 años, también se dedica a los quehaceres de su hogar y al cuidado de sus hijos.
Su crédito lo va a invertir en la compra de alimento para sus animales, su meta es crecer en su negocio.

La Señora María Filomena vive por el barrio la Floresta en la parroquia de Cumbe, tiene 59 años, es casada y tiene 4 hijos de 39, 37, 25, 20 años de edad, todos sus hijos son casados y tres de ellos viven de manera independiente, solo su ultima hija vive en su casa y comparten los gastos del hogar. Su esposo trabaja como ayudante de albañil, gracias al trabajo han logrado construir su casa propia.
Doña María toda su vida se ha dedicado a la cría de animales como ganado, aves de corral y cuyes a los que los vende cuando tiene alguna necesidad económica. También labora en la agricultura, siembra maíz, hortalizas los que en su mayor parte es para el consumo de su hogar.
Este es su primer crédito que realiza en la banca comunal y fue invitada por sus amigas del barrio que forman parte de este grupo de mujeres luchadoras, su primer crédito lo va a invertir en la compra de pollos para seguir en este negocio ya esa es su meta.

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
  • $23,216,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Ilusión (Cuenca) Group's $2,600 loan helped a member to purchase food for animals and chickens.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2010
Listed
Sep 13, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011