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Bonanza (Cuenca) Group
In this Group: Carmen Brecilda, Mariana De Jesús, Cinthia Fernanda, Mayra Cristina, Geovanna Gabriela, Flor Beatriz, Ana María
The communal bank named "Bonanza" is made up of 7 women who are friends and neighbors. They are happy and charismatic women who carry out different business activities to improve financially and to move forward with their families. The members live in different locations in the city of Cuenca. The city is characterized by the beauty of its avenues and by its historical center. It is a mix between colonial and modern and the population retain their culture and traditions.

Mayra S. lives in the downtown area of the city of Cuenca. She is 27 years old, married, and she has 3 children, aged 7, 4, and 2. Her eldest child is in school and the middle child is in preschool. Her husband is a military professional. They don't own a house so they rent where they live.

Mayra has been selling clothing for the past 4 years, traveling throughout the city every day, from Sunday to Sunday, although she does not have a fixed schedule.

She is on her fifth loan with her communal bank and this new loan will be invested in the purchase of pants, t-shirts, blouses, kids' clothing, etc., to make her business grow.

Her goal is to build a house of her own.

In the photograph she is accompanied by the daughter of one of the other members.
View original language description ↓
El banco comunal Bonanza esta formado por 7 mujeres quienes son amigas y vecinas, mujeres alegres y carismáticas que se dedican a diferentes actividades para mejorar económicamente y así salir adelante con sus familias. Nuestras socias viven en diferentes lugares de la ciudad de Cuenca, esta ciudad se caracteriza por la belleza de sus calles y de su centro histórico el mismo que es una mezcla entre lo colonial y lo moderno, su gente mantienen su cultura y tradiciones.

La Señora. Mayra vive en el centro de la ciudad de Cuenca, tiene 27 años, es casada y tiene 3 hijos de 7, 4 y 2 años de edad, su primer hijo está en la escuela y el segundo en el prekinder. Su esposo es de profesión militar, no tienen casa propia por lo que viven arrendando.

Doña Mayra hace 4 años se dedica a la venta de ropa, la misma que vende recorriendo la ciudad, todos los días de domingo a domingo sin un horario fijo.

Se encuentra en su quinto crédito que realiza en el banco comunal y este nuevo crédito lo va a invertir en la compra de pantalones, camisetas, blusas, ropa de niños, etc. para crecer en su negocio.

Su meta es construir su casa propia.

En la foto nos acompaña una niña que es hija de una de las socias.

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
  • 90
    View loans »
    Ecuador Loans Fundraising
  • $24,187,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Bonanza (Cuenca) Group's $2,650 loan helped a member to purchase pants, t-shirts, blouses, and children's clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 5, 2011
Listed
May 19, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2011