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Nueva Ilusión (Cuenca) Group
In this Group: Ana Victoria, María Lorena, Mónica Priscila, Libia Mercedes, Jessica Liliana, Elsa Marlene, Blanca Guillermina, Gladys Alicia*, Grima Liduvina, Olga Bersabe, María Filomena
* not pictured
The Nueva Ilusión (New Illusion) community bank consists of 11 women who live in the parish of Cumbre, which has a cool climate and the people maintain the culture and traditions of their ancestors. The members are very hard-working women who make a living in various activities such as commerce, livestock or agriculture. They have shown themselves to be fighters willing to sacrifice to support their household finances and make headway. Mónica lives in the Third of November community in Cumbre, is 19, married and has a 1-year-old son. Her husband is a construction worker. They do not have their own home so they live in her in-laws' house and share in the household expenses. Mónica dedicates herself to caring for her son and raising and selling chickens and guinea pigs, which she has been doing since she got married. She also enjoys crocheting, making traditional garments, which she learned to do herself. She has been a member of the community bank for the past two loan cycles and was invited to join by her mother-in-law. She plans to use the money from the loan to purchase chickens and guinea pigs. Her goal is to have a store. The two children in the photo belong to two of the members.
View original language description ↓
El banco comunal Nueva Ilusión esta formado por 11 mujeres quienes viven en la parroquia de Cumbe, esta parroquia es de clima frió, su gente mantiene la cultura y tradiciones de sus ancestros, son personas muy trabajadoras se dedican a diferentes actividades como al comercio, cría de animales o a la agricultura. Nuestras socias nos demuestran que son personas luchadoras ya que con su sacrificio aportan a la economía de sus hogares para salir adelante.

La Señora Mónica T. vive en la comunidad de 3 de Noviembre en la parroquia de Cumbe, tiene 19 años, es casada y tiene un niño de 1 año de edad. Su esposo labora como albañil, no tiene casa propia por lo que viven en la casa de sus suegros en donde comparten los gastos del hogar.

Doña Mónica se dedica al cuidado de su hijo y como pasa en casa cría y vende pollos y cuyes, inicio con esta actividad desde que se caso. También le gusta tejer a crochet, realiza chalinas (vestimenta tradicional), esto aprendió sola y por habilidad.

Es socia del banco comunal hace 2 ciclos y fue invitada por su suegra, el dinero de su crédito lo va a invertir en la compra de pollos y cuyes.

Su meta es tener una tienda.

En esta ocasión nos acompañan en el foto dos niños que son hijos de dos 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

  • $10,200
    Average annual income
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,544,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Ilusión (Cuenca) Group's $3,025 loan helped a member to purchase guinea pigs and chickens.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 4, 2011
Listed
May 18, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2011