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Cristo Del Consuelo (Cuenca) Group
In this Group: Olga Tarcila, Blanca Norma, María Alegria, Esther Amelia, Gloria Elida, Zoila Aurora, María Blanca, María Enriqueta
The communal bank, Cristo del Consuelo, is comprised of eight cheerful, charismatic women who are entrepreneurs and struggle daily in their respective businesses to improve their household economies. They live in the city of Cuenca which is the third most important one in the country. It has a varied gastronomy, many tourist sites and kind, charismatic people.

Mrs. Zoila Fernández lives in the Cristo Rey area of the city of Cuenca. She is 42 years old, divorced and has four children, ages 22, 20, 18 and 16. Her eldest daughter works and helps cover household expenses. Her second daughter is married and independent. Her third daughter is in school in the city and her youngest son works to cover his own expenses. They live in rental property.

For seventeen years, Doña Zoila has been selling "chuzos" (meat on a stick), from Sunday to Sunday, from 4:00 p.m. to 11:00 p.m.

This is her 11th loan through the communal bank and she plans to use it to buy ingredients for the chuzos: meat, peppers, onions, potatoes, sausages, etc.

Her dream is to have her own home one day.
View original language description ↓
El banco comunal Cristo del Consuelo está formado por 8 mujeres muy alegres, carismáticas y sobre todo emprendedoras que luchan a diario en sus diferentes trabajos para mejorar la economía de sus hogares. Viven en la ciudad de Cuenca, esta ciudad es la tercera ciudad más importante del país, cuenta con una variada gastronomía, tiene varios lugares turísticos para visitar y su gente es muy amable y carismática.

La Señora Zoila Fernández vive por el sector de Cristo Rey en la ciudad de Cuenca, tiene 42 años, es divorciada y tiene 4 hijos de 22, 20, 18 y 16 años de edad, su primera hija trabaja y ayuda en la economía del hogar, su segunda hija es casada e independiente, su tercera hija estudia en un colegio de la ciudad y su ultimo hijo trabaja solo para sus gastos personales. No tiene casa propia por lo que vive arrendando.

Doña Zoila se dedica a la venta de chuzos (carne en palito), esta labor la realiza hace 17 años de domingo a domingo desde las 4 de la tarde hasta las 11 de la noche.

Este es el onceavo crédito que realiza en el banco comunal y lo va a invertir en la compra de producto para la elaboración de chuzos como: carne, pimientos, cebolla, papas, salchichas, etc.

Su sueño es tener 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

  • $10,600
    Average annual income
  • 50
    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 Cristo Del Consuelo (Cuenca) Group's $2,700 loan helped a member to buy meat, peppers, onions, potatoes, sausages, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 5, 2011
Listed
Apr 24, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2011