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Pan De Azúcar (Cuenca) Group
In this Group: Nanci Violeta De Jesús, Jenny Beatriz, Ligia Irene, Jessenia Paulina, Maritza Paola, Libia Beatriz, Gladys Del Cisne, Gerardo Xavier
The Communal Bank “Pan de Azúcar” (Sweet Bread) consists of seven women and one man who live in different areas of the city of Cuenca. This city was named a World Heritage Site in December 1999. Despite the frigid climate, the kind and friendly people have very warm hearts. Cuenca also has a wide variety of cuisines that captivate the palettes of both locals and foreigners. The members of this group engage in different business activities and strive each day to improve their financial stability.


Sra. Gladys P. Ávila lives in central Cuenca. She is 62 years old, widowed, and has four adult children who are all married and independent. The house she lives in is her own and was built as a result of her work.


For the past five years, Doña Gladys has managed a shop where she sells trinkets. She works Sunday through Sunday without an established schedule.


This will be the third loan she has received from the Communal Bank. She was invited by her relatives to join this group. The money from this new loan will be invested in more trinkets. Her goal is to repair her house because it has gradually deteriorated over the years.

View original language description ↓
El banco comunal Pan de Azúcar esta conformado por 7 socias y un socio que viven en diferentes lugares de la ciudad de Cuenca, ciudad que es considerada como patrimonio cultural de la humanidad desde diciembre de 1999, es de clima frió pero su gente tiene un corazón muy calido, amable y cordial, tiene una gran variedad en su gastronomía cautivando los paladares de propios y extraños. Nuestras socias realizan diferentes trabajos y luchan día a día para mejorar su estabilidad económica.

La Señora. Gladys P. Ávila vive en el centro de la ciudad de Cuenca, tiene de 62 años, es viuda y en su unión conyugal ha concebido 4 hijos quienes son todos mayores de edad, casados e independientes. La casa en la que habita es propia y es el fruto de su trabajo.

Doña Gladys hace 5 años labora en la atención de su local donde vende bisutería, trabaja de domingo a domingo sin un horario fijo.

Se encuentra en el tercer crédito que realiza en el banco comunal, al cual fue invitada por sus familiares. El dinero de su nuevo crédito lo va a invertir en la compra de bisutería.

Su meta es arreglar su casa ya que por el paso de los años se encuentra un poco deteriorada.

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
  • 57
    View loans »
    Ecuador Loans Fundraising
  • $24,312,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Pan De Azúcar (Cuenca) Group's $2,325 loan helped a member to purchase trinkets to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2011
Listed
May 15, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2011