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Reina De La Paz (Cuenca) Group
In this Group: Luz Amada, Ana Lucia, Digna Narcisa, Rosa María, Amelia De Jesús, Rosa Dolores, Digna Alexandra, Mónica Marisol, Digna Isabel, Elvia Mercedes, Ines Celina
The Reina de la Paz Communal Bank is comprised of 11 women who live in various areas of the city of Cuenca This city was named Cultural Heritage of Humanity in December, 1999 and has several natural sites to visit. The city also has a widely varied gastronomy and its people are warm and friendly. Our members are struggling women who work day to day in various activities that enable them to improve their household finances.

Elvia lives in the community of Zhidmad. This is her first loan with the communal bank, which she joined at the invitation of her sister and niece. She is 32 years old and is a single mother with 3 children – a 15 year old, a 10 year old, and a 9 month old baby. Her first son works and helps financially. Her second son is a student at the neighborhood school. She does not own a home, so she rents.

Elvira makes ceilings. She works from 8:00 in the morning until 5:00 in the evening and has worked in this business for 10 years. She raises chickens and pigs in her home. She sells when financially necessary and they are also for consumption.

She will use the loan to start a fast food business selling Salchi papas (thinly sliced pan-fried beef hot dogs or sausage and French fries). She will buy sausages, potatoes, oil, ketchup, mayonnaise, plastic covers, etc.

Her goal is to build a house since she has some construction materials.
View original language description ↓
El banco comunal Reina de la Paz está formado por 11 mujeres quienes viven en diferentes lugares de la ciudad de Cuenca, esta ciudad es patrimonio cultural de la humanidad nombrada así en diciembre de 1999, cuenta con varios lugares naturales para visitar, tiene una amplia gastronomía, su gente es calida y amable. Nuestras socias son mujeres luchadoras que trabajan día a día en diferentes actividades que les permiten mejorar la economía de sus hogares.

La Señora. Elvia vive por la comunidad de Zhidmad, este es su primer crédito que realiza en el banco comunal al cual fue invitada por su hermana y su sobrina.

Tiene 32 años, es madre soletera de 3 hijos de 15, 10 años de edad y un bebé de 9 meses, su primer hijo trabaja y ayuda economícamente y su segundo hijo estudia en una escuelita de la comunidad. No tiene casa propia por lo que vive arrendando.

Doña Elvira fabrica cielos rasos, trabaja de lunes a sábados desde las 8 de la mañana hasta las 5 de la tarde, se dedica a esta actividad hace 10 años. En su casa se dedica a la cría de pollos y cerdos que los vende cuando tiene alguna necesidad económica y también son para su consumo.

El dinero de su crédito lo va a invertir para iniciar un negocio de venta de comida rápida (Salchi papas), va a comprar salchichas, papas, aceite, salsa de tomate, mayonesa, fundas plásticas, etc.

Su meta es construir su casa ya que tiene algunos materiales de construcción.

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
  • 41
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Reina De La Paz (Cuenca) Group's $4,200 loan helped a member to buy sausages, potatoes, ketchup, mayonnaise, plastic covers, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2011
Listed
Jun 15, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012