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Las Minas (Cuenca) Group
In this Group: María Cristina, María Magdalena, Gladys Margarita, María Rosa, María Felicia, María Asuncion , María Andrea, Luzmila Casilda, Digna Isabel, María Florencia
The Communal Bank “Las Minas” (The Mines) consists of 10 members who are hardworking, determined, and friendly women who work every day to support the finances of their households. They live in the parish of El Valle, a cold place that is surrounded by mountains. It has one of the most fertile areas for farming. The people are friendly and have maintained the traditions of their ancestors.


One of the members of this group is Sra. Luzmila. She lives in the outlying areas surrounding the parish of El Valle. Luzmila is 53 years old, separated from her spouse, and has five children. Three of them are married and independent while the others (ages 20 and 14) are single. Her 20-year-old son works and helps financially while her youngest daughter is a student at a sewing and dressmaking academy. Luzmila does not own a home, so she lives in a rental property.


Doña Luzmila spends her time in the field raising and selling guinea pigs, chickens, and pigs. She works alone on her land whenever she feels the need.


Luzmila is seeking her second loan with the Communal Bank and will invest the money in the purchase of chickens and the appropriate feed. Her goal is to grow her business of raising and selling animals.


The smaller photos are of two of the members who could not be present at the time the group photo was taken because of personal reasons.

View original language description ↓
El banco comunal Las Minas está formado por 10 socias quienes son mujeres trabajadoras, luchadoras y muy amables quienes con su trabajo diario aportan a la economía de sus hogares. Viven por la parroquia del Valle, este lugar es de clima frió y esta rodeado de montañas, es una de las zonas más fértiles para la agricultura, su gente es amabley mantienen las tradiciones de sus ancestros.

Una de las integrantes de este grupo es la Señora Luzmila, vive por los alrededores de la parroquia del Valle, tiene 53 años, es separada y fruto de esa unión ha concebido 5 hijos, tres de ellos son casados e independientes, sus hijos solteros tienen 20 y 14 años de edad, su hijo de 20 años trabaja y le ayuda económicamente y su ultima hija estudia en una academia de corte y confección. No tiene casa propia por lo que vive arrendando.

Doña Luzmila como pasa en el campo se dedica a la cría y venta cuyes, pollos y cerdos y solo cuando le llaman trabaja labrando la tierra.

Nuestra socia se encuentra en su segundo crédito que realiza en el banco comunal y lo va a invertir en la compra de pollos y en su alimento.

Su meta es crecer en el negocio de cría y venta de animales.

Las fotos pequeñas adjuntas son de dos socias 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

  • $10,200
    Average annual income
  • 38
    View loans »
    Ecuador Loans Fundraising
  • $23,094,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Minas (Cuenca) Group's $3,575 loan helped a member to buy chickens and poultry feed.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 5, 2011
Listed
Sep 26, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012