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El Condor (Cuenca) Group
In this Group: Blanca Leonor, Maritza Priscila, Leonor Guadalupe, Luz María, Rosa Elvira, Washington Rafael*, Gladys Angelica
* not pictured
The El Cóndor Community Bank is made up of six members. All of the members know each other and are friends. They live in different places in Cuenca City. This city has a cold climate. Four rivers surround the town, which is why they gave it the name Santa Ana of the Four Rivers. The beauty of the city’s streets and architecture makes it a special city. The people uphold the culture and traditions of their villages. The people are characterized as friendly and welcoming, always offering a smile to their visitors.
One of the group members is Mrs. Rosa. This is the first loan she has requested from the community bank. A friend invited her to join the group. She is 34 years old. With her partner she has four children, ages 13, 11, 9 and 6. Her oldest son works at home and helps with the chores. Her other children go to the little school in the city. Her husband is a construction worker and bricklayer. They rent their house.
Mrs. Rosa works recycling plastics, paper and scrap metal. She works six days a week, from Monday to Saturday, but not on a fixed schedule. She will use this loan to buy cardboard and scrap metal. Her goal is to have a vehicle so she can continue with her business and help it grow.
View original language description ↓
El banco comunal El Cóndor está formado por 6 socias y 1 socio quienes son amigas y conocidas, viven en diferentes lugares de la ciudad de Cuenca, esta ciudad es de clima frió, esta bañada por cuatro ríos los mismos que le dieron el nombre de Santa Ana de los 4 ríos, la belleza de sus calles y arquitectura la hacen una ciudad especial, su gente mantiene la cultura y tradiciones de sus pueblos, se caracterizan por ser personas amables y cálidas brindando siempre una sonrisa a sus visitantes.

Una de las socias de este grupo es la Señora. Rosa, este es su primer crédito que realiza en el banco comunal al cual fue invitada por una amiga. Tiene 34 años de edad, vive en unión libre y fruto de esa unión ha procreado 4 hijos de 13, 11, 9 y 6 años de edad, su primer hijo pasa en casa y le ayuda en los quehaceres de su hogar y sus tres hijos estudian en una escuelita de la ciudad. Su esposo labora en el área de la construcción y es albañil, no tiene casa propia por lo que vive arrendando.

Doña Rosa se dedica al reciclaje de plásticos, papel y chatarra, trabaja en esta actividad hace 6 años de lunes a sábados sin un horario fijo.

Su crédito lo va a invertir para comprar cartones y chatarra.

Su meta es tener un vehículo para continuar y crecer en su negocio.


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
  • 50
    View loans »
    Ecuador Loans Fundraising
  • $23,889,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of El Condor (Cuenca) Group's $2,550 loan helped a member to buy cardboard and scrap metal.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 16, 2012