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Tierra Fertil (Cuenca) Group
In this Group: María Teresa, Juana Catalina, María Dolores, Rosa Virginia, Delia Florencia, José Roberto, Aida Elena, Janneth Maribel*, Samuel Antonio, Daniel Serafin , Luz Angelita, Rosa Isabel*
* not pictured
The community bank Tierra Fértil (Fertile Land) is formed by 12 members, both men and women, who are friends and neighbors and have come to have a very good friendship. They work at different business activities, but they have a common goal, which is to aim ever higher in their businesses and thus continue improving their lives economically in order to give their children and their families a better future. They live in the community of Tierra Fértil, which belongs to the parish of Valle, where the majority of the people work in agriculture and raising animals, and some people have also left for the city, where they work at various activities.

Señora María C. lives in the community of Tierra Fértil, which is part of the Valle parish. This is her fourth loan cycle with the foundation, and the loans have helped her in her business. She raises livestock. She sells the milk that she obtains and it is also for her consumption. For five years she has also worked half a day from Monday to Friday doing housework. This community bank member is 58 years old. She is single and lives with her mother, a sister, and her niece. She lives in her own house. In the community bank she has a great friendship with all the members, since they are all very happy. She will invest her new loan in the purchase of more animals. Her goal is to increase her business.

Señora María C. also lives in the community of Tierra Fértil in the Valle parish. She is 40 years old. She lives in a common law marriage and has two children, who are 13 and 12 years old and are in school in the city of Cuenca. Her husband is a professional driver and works in a rented van. With their work, they have succeeded in constructing their own house. Señora María works in the sale of clothing, a business she has had for 3 years. She sells to her friends, neighbors, and family members who come to her house to buy her merchandise. At home, she raises animals such as pigs, guinea pigs, and chickens. She also works from Monday to Friday in a clothing factory where her shifts rotate; she has been doing this work for 12 years. Her business has benefited from four loan cycles, and with her new loan she is going to buy clothing to have a greater variety to show her customers. Her goal is to finish building her house.
View original language description ↓
El banco comunal Tierra Fértil está formado por 12 socios entre hombres y mujeres, quienes son amigos, vecinos y han llegado a tener una muy buena amistad, trabajan en distintas actividades pero tienen un fin común que es superarse en sus negocios y así ir mejorando económicamente para entregarles a sus hijos y familia un mejor futuro. Viven en la comunidad de Tierra Fértil que es pertenece a la parroquia del Valle, donde la mayor parte de su población se dedica a la cría de animales y a la agricultura, también han salido a la ciudad donde trabajan en varias actividades.

La Señora María C. vive en la comunidad de Tierra Fértil que pertenece a la parroquia del Valle, este es el cuarto ciclo que realiza los créditos en la fundación y le han beneficiado en su negocio. Se dedica a la cría de ganado, la leche que obtiene la vende y también es para su consumo. Hace 5 años también trabaja medio día de lunes a viernes en el arreglo de una casa. Nuestra socia tiene de 58 años, es soltera y vive con su mamá, con una hermana y su sobrina. Vive en su casa que es propia. En la banca comunal tiene una gran amistad con todas las socias y socios ya que son muy alegres.

Su nuevo crédito lo va a invertir en la compra de mas ganado, su meta es crecer en este negocio.

La Señora María C. vive en la comunidad de Tierra Fértil que pertenece a la parroquia del Valle, tiene 40 años, vive en unión conyugal y ha concebido 2 hijos de 13 y 12 años de edad que estudian en un colegio de la ciudad de Cuenca. Su esposo es de profesión chofer y labora en una camioneta de alquiler, con el trabajo conyugal han logrado construir su casa propia.
La Señora María se dedica a la venta de ropa, actividad que la realiza hace 3 años, vende a sus amigas, vecinos y familiares quienes llegan a su casa a comprar su mercadería. En su hogar se dedica a la cría de animales como cerdos, cuyes y pollos, también trabaja en una fabrica de ropa en donde sus turnos son rotativos y labora de lunes a viernes, en esta labor trabaja hace 12 años. Es nuestra socia hace 4 ciclos beneficiándose en su negocio ya que con su nuevo crédito va a comprar ropa para tener más variedad para sus clientes.

Su meta es terminar su casa.

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
  • 60
    View loans »
    Ecuador Loans Fundraising
  • $23,522,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Tierra Fertil (Cuenca) Group's $3,300 loan helped a member buy livestock; buy clothing to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2010
Listed
Oct 2, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011