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Las Minas (Cuenca) Group
In this Group: María Cristina, María Magdalena, Digna Isabel, María Narcisa, Hilda Mercedes, José Antonio, María Andrea, Manuel Cruz, María Florencia, María Felicia
The Las Minas community bank is composed of 8 women and 2 men, who fight in their daily work to get their families ahead. They live in different sectors of the Valle parish. This parish is characterized by its population's work in agriculture and the raising of animals. Much of the young population leaves the city to work in different areas; also, many have migrated in search of better work.

This is María Andrea M.'s first loan with the Fundación. She lives in the Despacho community which belongs to the Valle parish. Maria is 62, married and has 6 children who are grown, married and live on their own. Her husband works in agriculture. She has her own home which she and her husband built together in their youth. Maria has a kiosk where she sells a variety of products. She has had it for 6 months and works Saturdays and Sundays. The rest of the days of the week, she raises animals such as barnyard birds and pigs, which she sells when she has any economic need. She will invest her loan in the purchase of cookies, pop, lollipops, cigarettes, etc. in order to stock her kiosk. Her goal is to expand her business.

María Felicia S. lives in the Maluay community which belongs to the Valle parish. She is 40, married and has 7 children ages 23, 20, 17, 15, 14, 12, and 2. Her oldest and third children are married and live independently. Her second child works and helps her with the household costs. Her 15 and 14 year old children aren't in school but help her with the housework. Her 12-year-old child goes to a school in the community. Her husband is a bricklayer and he gets his family ahead with his work. With Maria and her husband's work, they were able to build their own home. For 6 months, Maria has worked as a maid. She works Monday to Friday from 8 am. to 1 pm. The rest of her time is spent raising chickens and guinea pigs which she sells in her community. This is her first loan in the community bank and she will invest it in the purchase of hogs and chickens. She hopes that the loans will help her to expand her business. Her goal is to improve herself with her family.
View original language description ↓
El banco comunal Las Minas se encuentra formado por 8 mujeres y 2 hombres, quienes luchan para sacar adelante a sus familias con su trabajo diario. Viven por diferentes sectores de la parroquia del Valle, esta parroquia se caracteriza por que su gente se dedica a la agricultura y cría de animales, mucha de la población joven sale a la ciudad para trabajar en diferentes áreas, también han migrado en busca de un mejor trabajo.

La Señora María Andrea M. se encuentra en su primer crédito que realiza en la fundación. Vive en la comunidad del Despacho que pertenece a la parroquia del Valle. Doña María tiene 62 años, es casada y tiene 6 hijos que son mayores de edad, casados y viven independientemente. Su esposo se dedica al trabajo en la agricultura. Tiene casa propia la misma que han construido con el trabajo conyugal en su juventud.
La Señora María se dedica a su negocio, tiene un kiosco donde vende variedad de productos, el mismo que lo tiene hace 6 meses y trabaja en el los días sábados y domingos, los demás días de la semana se dedica a la cría de animales como aves de corral y chanchos a los que los vende cuando tiene alguna necesidad económica. Su crédito lo va a invertir en la compra de galletas, gaseosas, chupetes, cigarrillos, etc. para incrementar su kiosco.

su meta es crecer en su negocio.

La Señora María Felicia S. vive en la comunidad de Maluay que pertenece a la parroquia del Valle. Tiene de 40 años, es casada y tiene 7 hijos de 23, 20, 17, 15, 14, 12, y 2 años de edad, su primer y tercer hijo son casados y viven de manera independiente su segundo hijo es quien trabaja y le ayuda en la economía de la casa, sus hijos de 15 y 14 años no estudian pero le ayudan en los quehaceres domésticos, su hijo de 12 años estudia en una escuela de la comunidad. Su esposo es albañil y con su trabajo saca adelante a su familia. Con el trabajo conyugal han logrado construir su casa propia.
Doña María se dedica hace 6 meses a trabajar como empleada domestica, labora de lunes a viernes desde las 8 a.m. hasta la 1 p.m., el resto de su tiempo se dedica a la cría de pollos y cuyes a los que los vende en su comunidad. Este es el primer crédito que realiza en la banca comunal y lo va a invertir en la compra de cerdos y pollos, espera que los créditos le ayuden para crecer en su negocio.

Su meta es de superarse junto a su familia.

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
  • $24,223,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Minas (Cuenca) Group's $1,650 loan helped a member to purchase cookies, pop, lollipops, cigarettes, etc. / pigs and chickens.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2010
Listed
Sep 17, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011