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El Paraiso (Cuenca) Group
In this Group: Ana Maruja, Monica Mariela, Sandra Isabel, María Gudela, Julia Luzmila, Lilia Soledad, Rosa Cecilia, María Dolores, Pilar Amparito, Carmita De Lourdes, María Magdalena, Teresa Isabel, María Julia
The “El Paraíso” (Paradise) communal bank is composed of 13 women who are friends, have their own businesses and also are dedicated to farming and to raising animals. These activities allow them to contribute to household economy and to get ahead with their families. They live around Cumbe Parish. This is a cold climate parish whose residents are very hard working and dedicated to various activities; some of them have migrated in search of better opportunities. Its people are very kind, cordial and they still practice their culture and traditions.

One of the members is María Dolores. She lives around Cumbe Parish. She is rejoining the communal band because a while back she was a member of a different one.

She is 60 years old but her soul is very young and she has a great sense of humor. She’s a widow but in her marriage she conceived three children who are adults now. They are all single and working and help her economically. With work and sacrifice she managed to build her own house.

María is a small farm animal merchant. She’s been in this line of work since she was 20 years old. She works Sunday to Sunday.

She wants to use the money from her loan to buy animals like chickens, guinea pigs and pigs to continue in business. Her goal is to continue growing in animal sales.

The little boy in the photo who’s seated wearing a red sweater is the son of one of the members.
View original language description ↓
El banco comunal El Paraíso está formado por 13 mujeres quienes son amigas, tienen sus propios negocios y también se dedican en la cría de animales y la agricultura, estas actividades les permiten aportar a la economía del hogar y salir en adelante con sus familias. Viven por la parroquia de Cumbe, esta parroquia es de clima frió, su gente es muy trabajadora, se dedican a varias actividades y también han migrado en busca de mejores oportunidades. Su gente muy amable, cordial y mantienen su cultura y tradiciones.

Una de las socias es la Señora María Doolores, vive por la parroquia de Cumbe. Ella se encuentra reingresando al banco comunal ya que hace un tiempo atrás pertenecía a otro banco.

Tiene 60 años de edad pero su alma muy joven ya que tiene gran sentido del humor, es viuda y en su unión conyugal ha concebido 3 hijos quienes son mayores de edad, todos son solteros trabajan y le ayudan economícamente. Con el sacrificio y trabajo ha logrado construir su casa propia.

Doña María se dedica a la venta de animales, esta actividad la desempeña desde que tenía 20 años, trabaja de domingo a domingo.

El dinero de su crédito lo va a invertir en la compra de animales como pollos, cuyes y chanchos para continuar con su negocio.

Su meta es seguir creciendo en el negocio de venta de animales.

El niño de la fotografía que está sentado con una chompa roja es hijo de una 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
  • 53
    View loans »
    Ecuador Loans Fundraising
  • $23,490,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of El Paraiso (Cuenca) Group's $4,750 loan helped a member to buy chickens, guinea pigs and pigs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2011
Listed
Jul 6, 2011
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2011