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La Merced (Cuenca) Group
In this Group: Eulalia Eloisa, Lourdes Isabel , Fanny Carmen, Blanca Filomena, Laura María, Blanca Josefina, María Eudocia, María Teresa, Laura Isabel, Rosa Angelita*
* not pictured
The La Merced communal bank is made up of 10 women who live in the parish of Santa Ana. Their most important activities are in agriculture, keeping livestock and small orchards. What they produce is to sustain themselves and thier families, with a little left over to sell in the city of Cuenca. Others who live there go each morning to work in Cuenca and return home in the evenings. Our members are women who go to work each day with a smile on their lips and who each morning see an opportunity to improve their lot and offer their children a better future.

Señora María M. lives in the parish of Santa Ana. This is her 9th loan with the communal bank, and her household has benefited greatly from the loans. She has worked in domestic service for 25 years, Monday to Friday from 8am till 6pm. At home she raises chickens - a business she started thanks to her first loan with the communal bank. Doña María, age 49, is single and has 2 children, aged 30 and 28, who are both married. One of her children lives with her in the house they built together. The money she borrows will be invested in feed for her chickens. Her dream is to stay in good health and be able to continue working.

Señora Blanca A. lives in the parish of del Valle. She is 46 ears old, has been divorced for 18 years, and has 4 children, aged 29, 27, 24 and 22. Her eldest son is married and living independently, her second son lives at home and is setting up his own business, and her 2 younger children work and help her with the household expenses. She rents, rather than owns her own house. Doña Blanca works in her own small restaurant, which she has had for one year. She works every day Monday to Friday from 7am until 3pm, and her free time is taken up making handicrafts or making up orders from friends and acquaintances. This is her first loan from the communal bank and she is going to invest it in products for her restaurant, such as staple ingredients and soft drinks. Her dream is to own her own home.
View original language description ↓
El Banco comunal La Merced esta formada por 10 mujeres quienes viven en la parroquia de Santa Ana, sus actividades más importantes son la agricultura, la ganadería y pequeños huertos frutales, estos productos son para el autoconsumo, lo poco que resta se comercializa en la ciudad de Cuenca. Otros habitantes salen por las mañanas a trabajar en la ciudad de Cuenca y retornan por las tardes a sus hogares. Nuestras socias son mujeres quienes trabajan día a día con una sonrisa en los labios y le ven en cada amanecer la mejor oportunidad de superarse y entregar a sus hijos un mejor futuro.

La Señora. María M. vive en la parroquia de Santa Ana, es el noveno crédito que realiza en la banca comunal, beneficiándose con los créditos en su hogar. Se dedica a trabajar como empleada domestica labor que ya lleva 25 años y labora de lunes a viernes desde las 8 de la mañana hasta las 6 de la tarde, en su hogar se dedica a la cría de pollos, inició este negocio gracias al primer crédito que realizo en la banca comunal.
Doña María tiene 49 años, es soltera y tiene 2 hijos de 30 y 28 años de edad que son casados, uno de sus hijos vive con ella en la casa que han construido en conjunto. El dinero de su crédito lo va a invertir en la compra de alimento para sus pollos Su sueño es seguir conservando su salud para continuar con su trabajo.

La Señora. Blanca A. vive por la parroquia del Valle. Tiene 46 años, es divorciada hace 18 años, tiene 4 hijos de 29, 27, 24 y 22 años de edad, su primer hijo es casado y vive independiente, su segundo hijo está en la casa con proyecto de ponerse un negocio y sus dos últimos hijos trabajan y le ayudan económicamente. No tiene casa propia por lo que vive arrendando.
Doña Blanca se dedica a trabajar en un pequeño restaurante que es de su propiedad en el cual labora hace un año, trabaja todos los días de lunes a viernes desde las 7 de la mañana hasta las 3 de la tarde, también en sus tiempos libres se dedica a la elaboración de artesanías o cuando le hacen pedidos sus amigas y familiares. Este es el primer crédito que realiza en la banco comunal y lo va a invertir en la compra de productos para su restaurante como: víveres, colas, aguas etc. Su sueño es tener su 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
  • 15
    View loans »
    Ecuador Loans Fundraising
  • $22,541,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of La Merced (Cuenca) Group's $3,975 loan helped a member to buy chicken-feed, staple foods, soft drinks, and other items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2010
Listed
Nov 1, 2010
Currency Exchange Loss:
N/A
Ended:
May 15, 2011