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La Gran Amistad (Cuenca) Group
In this Group: Sara Ines, Nelly Cecilia, Graciela Francisca, María Cecilia, Carlos Vinicio, Digna Amelia, Rosa Amelia, Rosa Blanca, Julia Oliva, Rufino Esnesto, María Dolores
The Gran Amistad (Great Friendship) communal bank is made up of 9 women and 2 men who, with their different daily activities, help the economic stability of their homes and in this way they provide for themselves a better future. The majority of the members of the communal bank live in the Cumbe parish, which is known for its natural beauty. Most of its habitants make a living in the agricultural sector, which is for their own consumption and for raising animals. Many leave the city to work in different activities.

Mrs. Rosa M. lives in the Salado community in the Valley parish, but she attends the meetings of the Cumbe parish, as a friend of hers invited her to be part of this group. This is the second loan that she has taken out as part of the communal bank. This group member makes a living in agriculture. She cultivates vegetables and garden produce in land that has been loaned to her to cultivate it. She sells all of her products on Saturdays at a market in the city. She started this business 7 years ago. In her free time she also makes a living sewing ponchos, wallets, etc. She sells them to the members of the communal bank and to her friends. Rosa is 33 years old, married and has 5 children, ages 14, 12, 9, 7, and 6. The oldest child studies in high school and the other four children study in a city school. Her husband is a bricklayer. They don’t have their own house. Where they live, they are caring for another’s house.

The loan money will be used to purchase fertilizer for the fields. Her goal is to close off the land plot with a wire fence so that the neighbors’ animals don’t damage her crops.

Miss Graciela L. lives in the Cumbe parish, but she is originally from Cantón Sigsig. She lives in her cousin’s house, but independently. She is single and 18 years old. This is the first loan that she is taking out with the communal bank and she was invited by her cousin to form part of this group of women.

Miss Graciela works at the counter of a bakery, and woks from 8 in the morning until 8 at night. She started this job two years ago, and works Monday through Sunday.

With the money from her loan she is going to start a business raising chickens. Her dream is to launch her own business and to eventually have an electrical appliances store.
View original language description ↓
El banco comunal La Gran Amistad está formado por 9 mujeres y 2 hombres quienes con sus diferentes actividades diarias ayudan a la estabilidad económica de sus hogares y así brindarles un mejor futuro. La mayoria de los miembros de la banca comunal viven el la parroquia de Cumbe, que es conocida por la belleza de su naturaleza, en su mayor parte su gente se dedica a la agricultura que es para su consumo y cría de animales, muchos salen a la ciudad a trabajar en diferentes actividades.

La Señora Rosa M. vive en la comunidad del Salado en la parroquia del Valle pero asiste a las reuniones a la parroquia de Cumbe, una amiga le ha invitado a formar parte de este grupo, este es el segundo crédito que realiza en la banca comunal.
Nuestra socia se dedica a la Agricultura, cultiva verduras y hortalizas en tierras que le han prestado para que las haga producir, todos sus productos los vende los días sábados en un merado de la ciudad, esta en este negocio hace 7 años. En sus tiempos libres se dedica a tejer ponchos, carteras, etc., las que vende a sus compañeras de la banca comunal y amigas.
Doña Rosa tiene 33 años, es casada y tiene 5 hijas de 14, 12, 9, 7 y 6 años de edad, su primera hija estudia en el colegio y sus cuatro hijas estudian en una escuela de la ciudad. Su esposo es de profesión albañil, no tienen casa propia por lo que viven cuidando una casa.

El dinero de su crédito lo va a invertir en la compra de abono para la fertilización de las tierras. Su meta es cerrar con mallar el terreno para que animales vecinos no le dañen sus cultivos.

La Señorita. Graciela L. vive en la parroquia de Cumbe, pero es oriunda del Cantón
Sigsig, vive en casa de su prima pero independiente, es soltera y tiene 18 años de edad, Este es el primer crédito que realiza en la banca comunal y fue invitada por su prima a formar parte de este grupo de mujeres.
La Señorita Graciela trabaja en la atención de una panadería, labora desde las 8 de la mañana hasta las 8 de la noche, esta actividad la viene realizando hace 2 años de lunes a domingo.

Con el dinero de su crédito va a iniciar en el negocio de criar pollos. Su sueño es emprender con su propio negocio y llegar a tener un local de venta de electrodomésticos.

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
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of La Gran Amistad (Cuenca) Group's $3,300 loan helped a member to buy fertilizer and chickens.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2010
Listed
Nov 1, 2010
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2011