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Las Orquideas (Cuenca) Group
In this Group: María Ines, María Teresa, Janeth Vanessa*, Zoila Matilde, Laura Azucena, Edwin Javier, Zoila Teresa
* not pictured
The Las Orquídeas [The Orchids] communal bank has seven members: six women and one man. They live in different areas in Cuenca city. This city is known as the city of La Santa Ana de los Cuatro Rios. It was designated a UNESCO World Heritage city in 1999. Its people maintain their culture and traditions. They are very kind, warm-hearted people, and our group members are no exception. They are strong, hard-working people who sacrifice themselves daily to provide for their families.

Mrs. Maria Ines is a member of this group. She is 23, in a common-law marriage, and has one five-year-old daughter who attends school in the city. Her husband is a taxi driver. They do not have their own home; they rent.

Mrs. Maria Ines does the housework and cares for her young daughter. In her free time she sells various brands of cosmetics. She works without a fixed schedule, and sells her products to her friends and acquaintances.

She will invest this loan in the purchase of perfume, creams, and cosmetics in order to have a greater variety of products.

Her goal is to have her own home.
View original language description ↓
El banco comunal Las Orquídeas esta formado por 6 socias y un socio quienes viven por diferentes lugares de la ciudad de Cuenca, esta ciudad es conocida como La Santa Ana de los 4 ríos, es patrimonio cultural de la humanidad desde diciembre de 1999, su gente mantienen la cultura y tradiciones, son personas muy amables y de un corazón cálido como nuestras socias quienes son personas luchadoras, muy trabajadores quienes con su sacrificio a diario aportan a la economía de sus hogares para salir con sus familia.

Una de las socias de este grupo es la Señora. María Ines, tiene 23 años, vive en unión libre y ha concebido una niña de 5 años de edad que está estudiando en una escuelita de la ciudad. Su esposo es de profesión chofer y labora conduciendo un taxi, no tiene casa propia por lo que vive arrendando.

Doña María Ines se dedica a los quehaceres de su hogar y al cuidado de su hija que aun es pequeña, en sus tiempos libres se dedica a la venta de cosméticos de varias marcas, trabaja sin un horario ni día fijo, vende sus productos a sus amigas y conocidas.

Su crédito lo va a invertir en la compra de perfumes, cremas y cosméticos para tener más variedad.

Su meta es tener su casa propia.


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
  • 65
    View loans »
    Ecuador Loans Fundraising
  • $23,510,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Orquideas (Cuenca) Group's $2,425 loan helped a member to buy perfume, creams, and cosmetics.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2011
Listed
Nov 25, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012