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Buscando El Exito (Cuenca) Group
In this Group: Bertha Rufina, Nancy Yolanda, Gricelda María, Jessica Nataly, Marisol Alexandra, Rosa María, Miraim Johanna*, María Isabel, Alexandra Angelita, Meriuxi Alexandra, Carmen Piedad
* not pictured
Eleven women who are friends and neighbors established the “Seeking Success” Community Bank. They work in different businesses, but all the business help them to economically support their homes and progress with their families. They are friendly and cordial people. They live in different places in Cuenca City, a city very sophisticated and full of traditions. They city has a variety of cuisine and it is also known for its great poets and athletes.
Mrs. Rosa lives in the outskirts of Cuenca. She is 55 years old, separated from her husband and has six children ages 33, 30, 26, 24, 17, 15. Three of her children are married and independent. Her second son is single, works, and helps her economically. Her last two children attend high school in the city. They don’t have their own home. They lease a house.
For the past six years Mrs. Rosa has been selling brochettes (meat on a stick) and roasted plantains. She works from Monday to Saturday but she doesn’t have a fixed schedule. She also cleans houses and washes clothes.
This is her fourth loan with the community bank. She was invited by her niece to be part of the bank. The money from the loan will be used to buy meat, potatoes, green plantains, oil, sausages, pimentos, wood sticks, etc. She wants to increase and grow her business.
Her goal is to have a store.
In the photo there is a boy that is dressed in a black sweater with red sleeves. This is the son of one of the members. The other children also belong to the members.
View original language description ↓
El banco comunal Buscando el Éxito está formado por 11 mujeres que son amigas y vecinas, trabajan en diferentes actividades las mismas que les permiten aportar a la economía de sus hogares y sacar adelante a sus familias, son personas muy amables y cordiales. Viven en diferentes lugares de la ciudad de Cuenca, ciudad muy culta y llena de tradiciones, cuenta con una variada gastronomía y también es reconocida por ser cuna de grandes poetas y deportistas.

La Señora. Rosa vive por los alrededores de la ciudad de Cuenca, tiene 55 años, esta separada y tiene 6 hijos de 33, 30, 26, 24, 17, 15 años de edad, tres de sus hijos son casados e independientes, su segundo hijo es soltero, trabaja y le ayuda económicamente y sus dos últimos hijos estudian en un colegio de la ciudad. No tiene casa propia por lo que vive arrendando.

Doña Rosa hace 6 años se dedica a vender pinchos (carne en palito) y maduros asados, trabaja de lunes a sábados sin un horario fijo. También se dedica a limpiar de casas y a lavar ropa.

En el banco comunal está en su cuarto crédito y fue invitada por su sobrina a ser parte del mismo, el dinero de su crédito va a invertir en la compra de carne, papas, plátano verde, aceite, salchichas, cebollas, pimientos, pinchos de madera, etc. para incrementar y crecer en su negocio.

Su meta es tener una tienda.

En la foto nos acompaña un chico que está vestido con una chompa negra con mangas rojas, es el hijo una de las socias. Los otros niños tambien 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 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 Buscando El Exito (Cuenca) Group's $3,700 loan helped a member to buy meat, potatoes, green plantains, oil, sausages, onions, pimentos, wood sticks, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2011
Listed
Jun 15, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2011