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Nuevos Senderos (Cuenca) Group
In this Group: María Paztora, Martha Cecilia, Elvia Margarita, María Beatriz, Blanca Josefina*, Ana Gabriela, Deysi Mariana, Marcela Elizabeth, Eliana Elizabeth, Margarita Azucena*
* not pictured
The “Nuevos Senderos” (New Paths) communal bank has ten members living in various parts of the city of Cuenca. This city is noted for its cold climate. It’s been a World Heritage Site since 1999. It has many tourist attractions, a varied cuisine that captivates the palates of all who visit and its residents keep the culture and traditions of its peoples. The members are kind, agreeable and hardworking; they carry out various activities that allow them to cover household expenses and support their families.

One of the members is Martha. She lives in Paccha Parish in Cuenca. She’s 29 years old, married and has had three children who are 12, 10 and 8 years old. Her oldest son is in secondary school and the two little ones go to a local little elementary school. Her husband works in construction as a bricklayer. The house she lives in is hers.

Martha’s works as a domestic employee; she’s had this job for three years and works all day Monday through Friday. At home she raises chickens and guinea pigs and also has had a small store for the last year.

She’s in her second loan with the communal bank and will use it to buy chickens and basic staples to stock her store. Her goal is to enlarge the store.
View original language description ↓
El banco comunal Nuevos Senderos está formado por 10 socias quienes viven en diferentes lugares de la ciudad de Cuenca, esta ciudad se caracteriza por su clima frió, es patrimonio cultural de la humanidad desde diciembre de 1999, cuenta con varios lugares turísticos, tiene una gran variedad en su gastronomía la que cautiva el paladar de quienes los visitan, su gente mantiene la cultura y tradiciones de sus pueblos. Las socias son señoras amables, gentiles y trabajadoras que laboran en diferentes actividades las mismas que le permiten solventar los gastos de sus hogares y sacar adelante a sus familias.

Una de las socias de este grupo es la Señora Martha, vive por los alrededores de la parroquia Paccha en Cuenca, tiene 29 años, es casada y en su unión conyugal ha concebido 3 hijos de 12, 10 y 8 años de edad, su primer hijo está estudiando en el colegio y sus dos hijos pequeños en una escuelita de la ciudad. Su esposo labora en la construcción como albañil, la casa en la que vive es de su propiedad.

Doña Martha labora como empleada domestica, esta actividad la que realiza hace 3 años, trabaja todo el día de lunes a viernes. En su casa cría y vende gallinas y cuyes, también tiene una pequeña tienda hace un año.

Se encuentra en su segundo crédito que realiza en el banco comunal y lo va a invertir compra gallinas y productos de primera necesidad para surtir su tienda.

Su meta es agrandar su tienda.

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
  • 54
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nuevos Senderos (Cuenca) Group's $3,200 loan helped a member to buy chickens and basic staple items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2011
Listed
Oct 21, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012