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Asunción (Cuenca) Group
In this Group: Blanca Esperanza, María Eugenia, Marco Antonio, María Rafaela, Jaime Rodrigo, José Antonio, María Virginia, Klever Orlando
The “Asunción” communal bank has four female and four male members who work hard in their various work activities to raise their families. They are very cheerful, charismatic people who have good senses of humor. They live in various parts of the city of Cuenca, a city that has much to offer to locals and foreigners alike because of its cultural, religious, architectural and natural wealth.

One of the group members is María Rafaela. She lives in the city of Cuenca but she’s originally from Guachapala Canton. She’s 53 years old, married and has five children who are all adults now. Two are married and independent and her three single children work and are independent. Her husband works in agriculture. They don’t own a house; they are renters.

María Rafaela goes to her canton daily where she owns a piece of property where she raises guinea pigs, chickens and livestock. She also farms vegetables that she sells in her canton returning to Cuenca at night.

This is her first loan with the communal bank that she was invited to join by a niece. The money from her loan will be used to buy guinea pigs and seeds to plant. Her dream is to have a house of her own in the city of Cuenca.
View original language description ↓
El banco comunal Asunción está formado por cuatro socias y cuatro socios quienes laboran arduamente en sus diferentes actividades laborales para sacar adelante a sus familias, son personas muy alegres, carismáticas y mantienen un buen sentido del humor. Viven en diferentes lugares de la ciudad de Cuenca, ciudad que tiene mucho que ofrecer a propios y extraños por sus riquezas culturales, religiosas, arquitectónicas y naturales.

Una de las integrantes de este grupo es la Señora. María Rafaela, vive en la ciudad de Cuenca pero es oriunda del cantón Guachapala, tiene 53 años, es casada y fruto de su unión conyugal ha concebido 5 hijos quienes son todos mayores de edad, dos son casados e independientemente y sus tres hijos solteros trabajan y son independientes. Su esposo labora en la agricultura, no tienen casa propia por lo que viven arrendando.

Doña María Rafaela viaja diariamente a su cantón donde tiene una propiedad, ahí se dedica la cría de cuyes, gallinas y ganado. También se dedica a la agricultura, siembra hortalizas las que vende en su cantón y regresa por la noche a la ciudad de Cuenca.

Este es su primer crédito que realiza en el banco comunal al cual fue invitada por una sobrina. El dinero de su crédito lo va a invertir en la compra de cuyes y semillas para sembrar.

Su sueño es tener una casa propia en la ciudad de Cuenca.

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
  • $22,545,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Asunción (Cuenca) Group's $2,000 loan helped a member to buy guinea pigs and seeds.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2011
Listed
Sep 18, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012