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Cumbe (Cuenca) Group
In this Group: Laura Azusena , Nancy Faviola, Rosa Elvira, María Mercedes, María Teresa De Jesús, María Targelia, María Gladys, María Rosa Florionda, Julia Janneth*, Diana Pilar , María Lucrecia, Gloria Isabel, Ruth Magaly*, María Luzmila
* not pictured
The Cumbe Communal Bank is 14 women who work in different jobs in their parish or in the city of Cuenca. Their jobs allow them to contribute to the finances of the home and also to be an example of effort and work for their children. They live in the parish of Cumbe, an area of cold climate and pretty landscapes. The people there work in business, raising animals, and agriculture.

Laura, 34, is one of the members of this group. She is married and from this marriage has five children, ages 19, 16, 15, 12, and 10, all of whom are in school.

Her husband works in construction as a mason. The house she lives in is her property.

Laura raises and sells chickens and pigs, which she sells in her community. Since she works at home, she does not neglect her family.

She has been benefitting from loans from the communal bank for eight years, in her home and in her business. She's going to use the new loan to buy chickens, pigs, and animal feed.

Her goal is to continue with her business and for her children to get ahead in their studies.

The two small attached photographs are of two members who for family reasons were unable to be present when the group photo was taken.
View original language description ↓
El banco comunal Cumbe esta formado por 14 mujeres, quienes laboran en diferentes actividades en su parroquia o en la ciudad de Cuenca, sus trabajos les permiten aportar a la economía de sus hogares y también darles a sus hijos un ejemplo de esfuerzo y trabajo. Viven en la parroquia de Cumbe, lugar que de clima frió y de hermosos paisajes, su gente se dedica al comercio, cría de animales y a la agricultura, tienen una gran variedad en su gastronomía y su gente es de un corazón muy cálido.

Una de las socias de este grupo es la Sra. Laura, tiene 34 años, es casada y en su unión conyugal ha concebido 5 hijos de 19, 16, 15, 12, 10 años de edad y todos estudian. Su esposo labora en el área de la construcción como albañil, la casa en la que vive es de su propiedad.

Doña Laura se dedica a la cría y venta de pollos y cerdos a los cuales los vende en su comunidad. Como pasa en casa ella no se descuida de su familia.

En el banco comunal se encuentra hace 8 años beneficiándose de los créditos en su hogar y en su negocio. Su nuevo crédito lo va a invertir en la compra de pollos, cerdos y alimento para animales.

Su meta es continuar con su negocio y que sus hijos salgan adelante en sus estudios.

Las dos fotos pequeñas adjuntas son de dos socias que por notivos familiares no pudieron estar presentes cuando se tomó la foto del rupo.


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
  • 30
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Cumbe (Cuenca) Group's $4,950 loan helped a member to buy chickens, pigs, and animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2011
Listed
Oct 10, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012