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Cumbe (Cuenca) Group
In this Group: Laura Azucena, Nancy Faviola, Rosa Elvira, María Mercedes , María Teresa De Jesús, María Targelia, Neidy Carmita, María Rosa Florinda, Julia Janneth, Diana Pilar, María Lucrecia, Gloria Isabel, Maria Luzmila
The Cumbe Communal Bank is comprised of 13 members. They are women who work in different business activities in their parish or in the city. These activities have allowed them to grow financially in their households and to get ahead. They live in the Cumbe parish, which has a cold climate. The people there raise animals and farm. One can enjoy the tranquility of nature in this parish.

María Buelve lives in the San Antonio community. She is a member of the Cumbe Communal Bank, and this is her second loan. She is 62 years old, married, and has seven children. All of her children are adults, married, and live independently. She lives with an 11 year old grandchild who attends school. Through work, she and her husband have managed to build their own house. Her husband works as a bricklayer.

María buys and sells dressed chickens. She raises them for a year, and she sells them in her own community. She also farms, but what she grows is more for her consumption.

She will use her new loan to buy more chickens for the business. Her goal is to have more animals to sell.

Julia Huylasaca lives in the Cumbe parish. She is 19 years old, and she is in a common-law marriage. She is very happy to be seven months pregnant. Her husband works as a bricklayer. They do not have their own house, so they live in her mother’s house.

At the moment Julia is in her house due to her pregnancy. However, she previously worked tending a store. This is her first loan in the communal bank. She was invited by a friend. She will use the loan to buy chickens to start this business. Her goal is to have a store in her house.
View original language description ↓
El banco comunal Cumbe está conformado por 13 socias quienes son mujeres que laboran en diferentes actividades en su parroquia o en la ciudad, estas actividades les han permitido crecer en la economía de sus hogares y así salir adelante. Viven en la parroquia Cumbe, esta parroquia es de clima frió en donde la su gente se dedica a la cría de animales y a la agricultura, en esta parroquia podemos disfrutar de la paz de la naturaleza.

La Señora. María B. vive en la comunidad de San Antonio, es socia del banco comunal Cumbe y este es su segundo crédito.
Tiene 62 años, es casada y tiene 7 hijos quienes todos son mayores de edad, casados y viven independientes. Vive junto a un nieto quien tiene 11 años de edad y estudia en la escuela. Con el trabajo de ella y de su esposo han logrado construir su casa propia, su esposo labora como albañil.
Doña María se dedica a compra y venta de pollos pelados, los cría hace un año y los vende en su propia comunidad, también se dedica a la agricultura, pero lo que cultiva es mas para su consumo.
Su nuevo crédito lo va a invertir en la compra de más pollos para el negocio. Su meta es tener más animales para la venta.

La Señora. Julia Huylasaca vive en la parroquia de Cumbe, tiene 19 años, vive en unión libre y esta muy feliz ya que tiene 7 meses de embarazo. Su esposo labora como albañil, no tienen casa propia por lo que viven en casa de su mamá.
La Señora. Julia por el momento se encuentra en su casa debido a su embarazo pero antes laboraba en la atención de una tienda.
Este es su primer crédito que realiza en el banco comunal y fue invitada por una amiga, el dinero de su crédito lo va a invertir en la compra de pollos para iniciar con este negocio. Su meta es tener una tienda en 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
  • 21
    View loans »
    Ecuador Loans Fundraising
  • $22,853,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Cumbe (Cuenca) Group's $4,700 loan helped a member to buy chickens.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2010
Listed
Jan 6, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2011