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El Aguacate (Cuenca) Group
In this Group: Martha Braulia, Irma Eulalia*, Rosa Paulina, Deyvis Jhonatan, María Guadalupe, Mercedes María, Wilson Ivan, Consuelo Balvina, Ana María
* not pictured
The communal bank El Aguacate is made up of 7 women and 2 men who live in the Monay neighborhood in the city of Cuenca. This city is frequently visited for its architectural beauty, its people and its traditions. The city's traditional cuisine delights the palates of residents and visitors alike. Its people are friendly and maintain their customs and traditions. Our members are hard-working people that strive daily to provide for their families. They all work in different activities in the city of Cuenca.

One of these members is Señora Mercedes. She lives in the Monay neighborhood and this is her fourth loan with the communal bank.

She is 63 years old, married and the fruit of their conjugal union has brought them 5 children who are now adults. Four of them are married and independent and one works and helps them financially. Her husband helps around the house. Their house is their own and is the result of their effort and hard work when they were young.

Doña Mercedes raises animals such as pigs, chickens and guinea pigs. She also works in agriculture and what she grows is for their consumption and to sell.

With this new loan she will buy pigs, chickens and guinea pigs.

Her goal is to have more animals to raise and sell.
View original language description ↓
El banco comunal El Aguacate está formado por 7 mujeres y 2 hombres quienes viven por el sector de Monay en la ciudad de Cuenca, esta ciudad es muy visitada por su belleza arquitectónica, por su gente y sus tradiciones. La gastronomía típica de esta ciudad deleita el paladar de propios y extraños. Su gente es muy amable, mantienen sus costumbres y tradiciones. Nuestras socias son personas trabajadoras que luchan día a día para sacar adelante a sus familias, laboran en diferentes actividades en la ciudad de Cuenca.

Una de las socias es la Señora. Mercedes, vive por el sector de Monay y se encuentra en su cuarto crédito que realiza en el banco comunal.

Tiene 63 años, es casada y fruto de su unión conyugal ha concebido 5 hijos quienes son mayores de edad, cuatro son casados e independientes y uno trabaja y le ayuda económicamente. Su esposo le ayuda en casa, la casa en la que vive es propia siendo el resultado del esfuerzo y trabajo en su juventud.

Doña Mercedes se dedica a la cría de animales como: cerdos, gallinas y cuyes, también labora en la agricultura y lo que cosecha es para su consumo y para la venta.

Su nuevo crédito lo va a invertir en la compra de cerdos, cuyes y gallinas.

Su meta es tener más animales para la cría y venta.

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
  • 13
    View loans »
    Ecuador Loans Fundraising
  • $22,546,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of El Aguacate (Cuenca) Group's $3,425 loan helped a member purchase pigs, chickens and guinea pigs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 4, 2011
Listed
Aug 25, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2012