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La Ponderosa (Cuenca) Group
In this Group: Patricia Judith, María Mercedes, Mirian Patricia, Gloria Alexandra, Milton Rafael, Bilma Lucia, Melanea Sofia, Zoila Mercedes, Lia De Jesús
“La Ponderosa” (The Pine Tree) communal bank is composed of 1 male and 8 female members who live in the Monay sector of Cuenca city. This city is also known as Santa Ana de los 4 Rios (Santa Ana of the 4 Rivers). Its architecture is mixed colonial and modern and its people maintain their culture and the traditions of their villages. The members are kind, gentle, and charismatic people, known for being determined, entrepreneurial, and they always see in each day a new opportunity to get ahead together with their families.

One member of this group is Miriam, 34 years old, who is separated from her husband. While married, she gave birth to a son, now 8 years old, who studies in a small school in the city. She owns the house in which they live.

Miriam is a hair stylist by profession and works in her own beauty salon. She has been in the business 6 years and works Monday through Saturday, from 8:00 am until 8:00 at night.

This is Miram's 3rd loan through her communal bank and she will invest it in purchasing products such as hair coloring, shampoo, gel, and other beauty products for her salon. Miriam's goal is to have her own spa.
View original language description ↓
El banco comunal La Ponderosa está formado por 8 socias y un socio quienes viven por el sector de Monay en la ciudad de Cuenca, esta ciudad es conocida como la Santa Ana de los 4 Ríos, su arquitectura es una mezclada entre lo colonial y lo moderno, su gente mantiene la cultura y tradiciones de sus pueblos. Nuestras socias son personas amables, gentiles y carismáticas, se caracterizan por ser personas luchadoras, emprendedoras y siempre ven en cada día una nueva oportunidad para salir en adelante conjuntamente con sus familias.

Una de las socias de este grupo es la Señora. Miriam, tiene 34 años, está separada de su esposo y en su unión conyugal ha concebido un hijo de 8 años de edad que estudia en una escuelita de la ciudad. La casa en la que vive es de su propiedad.

Doña Miriam es de profesión estilista y labora en un salón de belleza que es propio, se encuentra en el negocio hace 6 años y trabaja de lunes a sábados desde las 8 de la mañana hasta las 8 de la noche.

Este es su tercer crédito que realiza en el banco comunal y lo va a invertir en la compra de productos como son tintes, shampoo, gel, y otros productos de belleza para su local.

Su meta es tener un Spa.

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
  • 59
    View loans »
    Ecuador Loans Fundraising
  • $23,551,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of La Ponderosa (Cuenca) Group's $2,550 loan helped a member buy hair coloring, shampoo, gel, and other beauty products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2011
Listed
Jan 11, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012