Check out other loans that are currently fundraising!
Nueva Ilusión (Cuenca) Group
In this Group: Ana Victoria, María Lorena, Elsa Marlene, Libia Mercedes, Grima Liduvina , Jessica Liliana, María Francisca, Olga Bersabe, María Filomena
The “Nueva Ilusión” (New Hope) communal bank is composed of nine members who are enterprising, tenacious, very hardworking women earning their daily bread through their efforts and raising their families this way offering them a better future. They live in Cusco’s Cumbe Parish, a parish of vast grasslands and cattle ranches, modern constructions and the charm of traditional architecture. Its residents are kind and preserve the culture and traditions of their ancestors.

One of the group members is Jessica, 20. She’s single and lives with her parents. Her father is a master bricklayer and her mother does housework. The house she lives in belongs to her parents.

Jessica helps with housework but also raises animals like chickens and guinea pigs that she sells in her community. She also works in farming and what she harvests is both for her own consumption and to sell.

She’s in the fifth loan with the communal bank and she will use it to buy chickens and chicken feed. Her goal is to continue with her University classes and become a professional.

The children in the photo are the children of some of the members.
View original language description ↓
El banco comunal Nueva Ilusión está formado por 9 socias quienes son mujeres emprendedoras, luchadoras y muy trabajadoras ganándose el pan de cada día con su esfuerzo, así han logrado sacar a su familia adelante y ofrecerles un mejor futuro. Viven por la parroquia de Cumbe en Cuenca, parroquia de grandes pastos y de fincas ganaderas, modernas construcciones y el encanto de la arquitectura tradicional. Su gente es amable y mantienen la cultura y tradiciones de sus padres.

Una de las socias de este grupo es la Señorita. Jessica, tiene 20 años de edad, es soltera y vive con sus padres, su papá es maestro albañil y su mamá se dedica a los quehaceres de su hogar, la casa en la que vive es propiedad de sus padres.

La Señorita. Jessica ayuda en los quehaceres de la casa pero también se dedica a la cría de animales como pollos y cuyes a los que los vende en su comunidad. También labora en la agricultura y lo que cosecha es para su consumo y para la venta.

Se encuentra en el quinto crédito que realiza en el banco comunal y lo va a invertir en la compra de pollos y en alimento para los mismos.

Su meta es seguir los estudios Universitarios y llegar a ser profesional.

Los niños que se encuentran en la fotografía son hijos de algunas de las socias.

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
  • 33
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Ilusión (Cuenca) Group's $2,375 loan helped a member to buy chickens and chicken feed.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2011
Listed
Jan 12, 2012
Currency Exchange Loss:
N/A
Ended:
May 15, 2012