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Nueva Ilusión (Cuenca) Group
In this Group: Ana Victoria, María Lorena, Mónica Priscila, Libia Mercedes, Jessica Liliana, Elsa Marlene, María Rosa, Blanca Guillermina, Grima Liduvina, Maritza Fernanda, Ana Cristina, María Francisca, Olga Bersabe, María Filomena
The Nueva Ilusión comunal bank is made up of 14 members who are friends and neighbors. They are strong, hardworking women who work in different areas that allow them to be economically independent and at the same time able to contribute to household expenses. They live in the parish of Cumbe, a place with a cold climate and a rich culture, whose people maintain their parents’ traditions. The people work in trade, animal raising and agricultural, with many working in the city, especially the youth.

One of the members of this group is Sra. Ana Victoria, who lives in Cumbe parish. She is 43 years old and a single mother of 5 children, who are 26, 20, 17, 10 and 8 years old.
Her two oldest sons work to help with expenses, her third son is in high school and the two youngest attend a small school in the city. She does not have her own house and lives with her parents, but does so independently.

Ana Victoria takes care of household tasks and raises guinea pigs, chickens, pigs and cattle which she sells when she has some economic need. She is also a subsistence farmer and, during holidays, she sells coffee with tamales and fast food in her community.

She has been a member of the communal bank for 5 years and she will use her new loan to buy guinea pigs, chickens and supplies to continue with her business selling fast food.

Her goal is to provide her sons with a good education so they can succeed and also to have her own house.

The small photo attached here is of one of the members who, due to personal reasons, could not be present when the group photo was taken.
View original language description ↓
El banco comunal Nueva Ilusión está formado por 14 socias quienes son amigas y vecinas, son mujeres trabajadoras y muy luchadoras que laboran en diferentes actividades las mismas que les permiten ser independientes económicamente y al mismo tiempo pueden aportar a la economía de sus hogares. Viven por la parroquia de Cumbe, este lugar es de clima frió, tiene una gran riqueza cultural y su gente mantiene la cultura y tradiciones de sus padres, su gente se dedica al comercio, cría de animales, a la agricultura y muchos laboran en la ciudad especialmente los jóvenes.

Una de las integrantes de este grupo es la Señora. Ana Victoria, vive por la parroquia de Cumbe, tiene 43 años, es madre soltera de 5 hijos de 26, 20, 17, 10 y 8 años de edad, sus dos primeros hijos trabajan para solventar para sus gastos, su tercer hijo estudia en el colegio, sus dos últimos hijos en una escuelita de la ciudad. No tiene casa propia por lo que vive en casa de sus padres pero de manera independiente.

Doña Ana Victoria se dedica a los quehaceres de su hogar y a criar cuyes, pollos, cerdos y ganado a los que los vende cuando tiene alguna necesidad económica. También se dedica a la agricultura que es para su consumo y en días de ferias vende café con tamales y comida rápida en su comunidad.

Es socia del banco comunal hace 5 años y su nuevo crédito lo va a invertir en la compra de cuyes, pollos y víveres para continuar con el negocio de venta de comida rápida.

Su meta es darles a sus hijos una buena educación para que se superen y realizar su casa propia.

La foto pequeña adjunta es de una de las socias que por motivos personales no pudo estar presente 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
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Ilusión (Cuenca) Group's $3,925 loan helped a member to buy guinea pigs, chickens and food supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2011
Listed
Sep 19, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2012