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Sector Los Olivos (Cuenca) Group
In this Group: Rosa Ines, Angelica María, Flor Del Pilar, Luisa Del Carmen, María Teresa, Dario Xavier*, William Geovanny, Nancy Lorena
* not pictured
The “Sector Los Olivos” (Olives Sector) Communal Bank is formed of 6 women and 2 men who work in different activities to better their own household economies. They are hard-working people and always look at the positives in life. They live in the Carmen de Guzho sector, where the majority of people work in agriculture and livestock raising. Some also have their own stores, while many go out to work in different activities in the city of Cuenca.

Nancy lives in the community of Carmen de Guzho, is 29 years old, married, and has 5 children, aged 8, 7, 4, 2, and a baby of 3 months. Her 2 eldest children attend a little primary school in the city. Nancy's husband is a chauffeur and works driving heavy machinery. By means of their jobs, they have managed to build their own house.

Nancy works in a children's nursery, an activity she does because she loves children. This work permits her to care for her own children. She works from Monday through Friday from 8:00 am until 4:00 pm.

This is Nancy's first loan from the communal bank and she was invited to join by her sister-in-law. The money will be used to buy chickens so she can begin chicken raising. Her goal is to finish her house, which still needs some work.

The children in the photo belong to some of the members.
View original language description ↓
El banco comunal Sector Los Olivos está formado por 6 mujeres y dos hombres, quienes trabajan en diferentes actividades para mejorar la economía de sus hogares. Son personas trabajadoras y siempre ven lo positivo de la vida. Viven por el sector del Carmen de Guzho, lugar en donde la mayoría de su gente labora en la agricultura o cría de animales, algunos también tienen sus negocios propios y muchos salen a laborar en diferentes actividades en la ciudad de Cuenca.

La Señora. Nancy vive en la comunidad del Carmen de Guzho, tiene 29 años, es casada y tiene 5 hijos de 8, 7, 4, 2 años y su ultimo hijo de apenas 3 meses de edad, sus dos primeros hijos estudian en una escuelita de la ciudad. Su esposo es chofer y labora conduciendo maquinaria pesada, con el trabajo conyugal han logrado construir su casa propia.

Doña Nancy labora en una guardería, actividad que la realiza por que le gustan los niños y este trabajo también le permite cuidar de sus hijos, labora de lunes a viernes desde las 8 de la mañana hasta las 4 de la tarde.

Este es su primer crédito que realiza en el banco comunal al cual fue invitada por su suegra. El dinero de su crédito lo va a invertir en la compra de pollos para iniciar con esta actividad.

Su meta es terminar su casa ya que aun le hacen falta algunos acabados.

Los niños de la foto son hijos de algunas 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

  • $10,200
    Average annual income
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,607,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Sector Los Olivos (Cuenca) Group's $1,450 loan helped a member to buy chickens to raise and sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2011
Listed
Jun 5, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2011