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Yanaturo (Cuenca) Group
In this Group: Esperanza Del Pilar, María Soledad, Sylvia Dayana, María Angeles, María Mercedes, María Aquilina, María José, Rosario, Rosa Elvira, Zoila Targelia, Zoila Targelia
The Yanaturo community bank is made up of 11 women who work in different business activities which have enabled them to contribute to their household finances and get their families ahead in life. The ladies are very kind and friendly people who live in Yanaturo district, in the city of Cuenca. Cuenca is the third most important city in the country and is a mixture of colonial and modern. It has a wide-ranging cuisine and its people maintain their culture and traditions.

Rosa lives in Yanaturo community, in the city of Cuenca. She is 32 years old, married, and has four children aged 9, 8, 7 and 4. Her eldest three children attend a local elementary school. Her husband is a construction worker. Through their joint work, they have managed to build their own home.

Rosa works as a cleaner, cleaning other people's homes. She has been in this business for six months and works from Monday to Friday. She only works half days as she spends the rest of her time looking after her children and her house.

Rosa will invest her loan money in buying construction supplies so that she can do some work on her house. She is applying for her sixth loan through her community bank and she is one of the bank's founding members.

Rosa's goal is to finish off her house and set up a business there.

The small photos attached to the main group photo are those of two members who, for work reasons, couldn't be present when the group photo was taken. They are photos of María José and María Aquilina. The three children in the photo belong to the members.
View original language description ↓
El banco comunal Yanaturo está formado por 11 mujeres quienes laboran en diferentes actividades que les ha permitido aportar a la economía de sus hogares y sacar adelante a sus familias. Nuestras socias son personas muy amables y cordiales.
Viven por el sector de Yanaturo en la ciudad de Cuenca que es la tercera ciudad más importante del país, esta ciudad se mezcla entre lo colonial y lo moderno, cuenta con una amplia gastronomía y su gente mantiene su cultura y tradiciones.

La Señora. Rosa vive por la comunidad de Yanaturo en la ciudad de Cuenca, tiene 32 años, es casada y tiene 4 hijos de 9, 8, 7 y 4 años de edad, sus tres primeros hijos estudian en una escuelita del sector. Su esposo trabaja en la área de la construcción como albañil, con el trabajo conyugal han logrado construir su casa propia.

Doña Rosa trabaja realizando la limpieza de varias casas hace 6 meses, labora de lunes a viernes solo medio día ya que el resto de su tiempo lo dedica al cuidado de sus hijos y de su hogar.

El dinero de su préstamo lo va a invertir en la compra de materiales de construcción para realizar algunos acabados a su casa. En el banco comunal se encuentra en su sexto crédito y es una socia fundadora del banquito.

Su meta es terminar su casa y colocar un negocio en la misma.

Las fotos pequeñas adjuntas son de dos socias que por motivos de trabajo no pudieron estar presentes cuando se tomo la foto del grupo. Son las fotos de María josé y María Aquilina.

Los tres niños de la foto son hijos 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Ecuador

  • $10,200
    Average annual income
  • 33
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Yanaturo (Cuenca) Group's $4,025 loan helped a member to buy construction supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2011
Listed
May 26, 2011
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2011