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Mujeres Cumbeñas (Cuenca) Group
In this Group: Magali Tania, Norma Jhaquelin, Piedad Cecilia, María Sarbelia, María Manuela, Ana Cesilia, Libia Marisol*, Luis Norberto, Bilma Alejandrina
* not pictured
The “Mujeres Cumbeñas” communal bank is composed of eight women and one man who work in different activities to provide family income. They are tenacious, hard working, very charismatic people. They live among the Victoria del Portete and Cumbe Parishes which are characterized by having cold climate. Their residents raise animals and farm; many of the residents have emigrated in search of better employment.

Mrs. Magali T. lives in Cumbe Parish’s 24 de Mayo community. She’s 27 years old, married and has had three children who are 11, 4 and 2 years of age. Her first daughter goes to a local school. Her husband works as a Carpenter. They do not have a house of their own; they rent.

Magali is a housewife and tends to her children. Sometimes she takes in laundry. She raises chickens, pigs and calves at home which she then sells in her community.

This is her second loan with the communal bank. She will use it to buy more animals so that her business will grow. Her goal is to finish secondary school.
View original language description ↓
El banco comunal Mujeres Cumbeñas está formado por 8 mujeres y 1 hombre quienes laboran en diferentes actividades para aportar la economía familiar, son gente luchadora, trabajadora y muy carismática. Viven entre las parroquias de la Victoria del Portete y Cumbe, las mismas que se caracterizan por ser de clima frió, su gente se dedica a la cría de animales y a la agricultura, muchos de sus habitantes han migrado en busca de un mejor trabajo.

La Señora. Magali T. vive en la comunidad 24 de Mayo en la parroquia de Cumbe, tiene 27 años de edad, es casada y ha concebido 3 hijos de 11, 4 y 2 años de edad, su primera hija estudia en una escuela de la comunidad. Su esposo labora como carpintero, no tienen casa propia por lo que viven arrendando.

Doña Magali se dedica a los quehaceres de su hogar y al cuidado de sus hijos, algunas veces también trabaja lavando ropa. En su casa cría pollos, chanchos y becerros a los cuales los vende en su propia comunidad.

Se encuentra en su segundo crédito que realiza en el banco comunal y lo va a invertir en la compra de más animales para crecer en este negocio. Su meta es culminar sus estudios de la secundaria.

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
  • 53
    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 Mujeres Cumbeñas (Cuenca) Group's $2,150 loan helped a member to buy chickens, pigs and calves.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2011
Listed
Mar 22, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2011