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Tierra Fertil (Cuenca) Group
In this Group: María Teresa, Juana Catalina, Luz Angelita, Aida Elena, Delia Florencia, José Roberto*, Mónica Cecilia, Alexandra Patricia, María Cristina, Jeanneth Maribel, Samuel Antonio, Rosa Isabel
* not pictured
The communal bank "Tierra Fertil" is made up of 10 members, 2 of whom live on the outskirts of Valle parish. This parish is known for the natural beauty of its countryside. Its people work in retail trade, animal husbandry and agriculture. Many of them go out in the morning and return from their work each evening to the city. The people of Valle parish maintain their culture and the traditions of their parents.

The members of this group are very cheerful and hardworking. They work in a variety of businesses that allow them to contribute to their households economically and get ahead with their families.

One of these members is Alexandra, who lives on the outskirts of Valle parish. She is 27 years old and is a single mother with a 3 year-old child. She lives with her parents in her parent's house; her father is a government employee and her mother is a housewife.

Alexandra works as a government employee. She works Monday through Friday from 7am until 3pm. In her free time, she has a business selling costume jewelry to her friends and acquaintances.

This is her second loan cycle with her communal bank, and she will use the proceeds of this loan to buy costume jewelry so she can have more merchandise to sell.

Her dream is to travel the world.

The two small photos attached above are of two of the female members and one of the male members who, for personal reasons, could not be present when the group photo was taken.
View original language description ↓
El Banco comunal Tierra Fertil está formado por 10 socias y 2 socios quienes viven por los alrededores de la parroquia del Valle, esta parroquia se caracteriza por la belleza natural de sus paisajes, su gente se dedica al comercio, cría de animales, agricultura y muchos sale por la mañana y regresa por la noche de sus trabajos en la ciudad. La gente de la parroquia del Valle mantiene su cultura y tradiciones de sus padres.

Nuestras socias son personas muy alegres y trabajadoras, laboran en distintas actividades que les permiten aportar a la economía de sus hogares y salir adelante con sus familias.

Una de las socias es la Señorita. Alexandra, vive por los alrededores de la parroquia del Valle, tiene 27 años, es madre soltera de un niño de 3 años de edad. Vive con sus padres, su padre es empleado público y su madre se dedica a los quehaceres del hogar, la casa en la que habitan es propia.

Nuestra socia labora como empleada pública, trabaja de lunes a viernes desde las 7 de la mañana hasta las 3 de la tarde, en su tiempo libre se dedica a la venta de bisutería la misma que vende a sus amigas y conocidas.

En el banco comunal se encuentra en su segundo crédito y lo va a invertir en la compra de bisutería para aumentar su mercadería.

Su sueño es viajar por el mundo.

Las dos fotos pequeñas adjuntas son de dos socias y un socio que por motivos personales no pudieron estar presentes cuando se tomó la foto del grupo.

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

  • $10,600
    Average annual income
  • 103
    View loans »
    Ecuador Loans Fundraising
  • $24,223,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Tierra Fertil (Cuenca) Group's $2,925 loan helped a member to buy costume jewelry.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2011
Listed
Aug 25, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2012