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Racar Bajo (Cuenca) Group
In this Group: Zoila Paulina, Delia Elizabeth, Julio Santiago, Milton Patricio, Mayra Liliana, Segundo Gerardo, Aida María, Guadalupe Del Rocio
The Communal Bank “Racar Bajo” consists of five women and three men who engage in the same business activity of producing tiles and bricks. The members learned this trade at a very young age because their parents performed this same type of work and it is a family tradition. They live in the community of Racar Bajo in the city of Cuenca, which was recognized as a World Heritage Site in 1999. The delicious cuisine captivates the palates of the locals and foreign visitors. The people of Cuenca are extremely friendly and cordial.

Sra. Aída María S. lives in the community of Racar Bajo. She is 46 years old, married, and has been in a common law marriage that produced five children (ages 28, 23, 20, 16, and 13). Her first child, a daughter, is married and independent. The second child, a son, is studying at the university. Her third child, a son, helps with the family business. The two youngest children, both daughters, attend high school in the city. Her husband migrated in search of better job opportunities so that he can provide his family a better quality of life.

Sra. Aída María makes bricks and tiles, a trade that she learned at a very early age by following the example of her parents. She does not work on a fixed schedule. This is her first loan with the Communal Bank after she was invited to join by her niece. The money from her loan will invested in the purchase of raw materials such as clay, black soil, water, and other items. Her goal is to build a shed for raising chickens and guinea pigs so that she can start this type of business.
View original language description ↓
El banco comunal Racar Bajo esta conformado por 5 mujeres y 3 hombres quienes trabajan en una misma actividad que es la elaboración de tejas y ladrillos, esta actividad la realizan desde una muy corta edad ya que ha sido trabajo de sus padres y una tradición familiar. Viven en la comunidad de Racar bajo en la ciudad de Cuenca, esta ciudad fue declarada patrimonio cultural de la humanidad en el año 1999, su deliciosa gastronomía cautiva el paladar de propios y extraños, su gente es muy amable y cordial

La Señora Aída María S. vive por la comunidad de Racar Bajo, tiene 46 años, es casada y en su unión conyugal ha concebido 5 hijos que ya tienen 28, 23, 20, 16, 13 años de edad, la primera hija es casada y vive independiente, su segundo hijo estudia en la universidad, el tercer hijo le ayuda en el trabajo familiar y sus dos ultimas hijas estudian en un colegio de la ciudad. Su esposo ha migrado al exterior en busca de mejores oportunidades de trabajo para poder ofrecerle a su familia una mejor calidad de vida.

Doña Aída María se dedica a la elaboración de ladrillos y tejas, actividad que la realiza desde muy temprana edad siguiendo el ejemplo de sus padres, trabaja sin un horario fijo.

Este es su primer crédito en el banco comunal y fue invitada por su sobrina. El dinero que reciba lo va a invertir en la compra de materia prima como arcilla, tierra negra, agua, etc.

Su meta es construir un galpón para criar pollos y cuyes para iniciar con este nuevo negocio.

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
  • 54
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Racar Bajo (Cuenca) Group's $2,650 loan helped a member to purchase clay, black soil, water, and other items for making bricks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2011
Listed
Mar 23, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2011