Check out other loans that are currently fundraising!
Virgen De Bronce (Cuenca) Group
In this Group: Susana Natalia, Narcisa De Jesús, Gabriela Tatiana*, Blanca Magdalena, María Dolores, Sonia Monserrathe, Carmen Alexandra, Santiago Paul
* not pictured
The communal bank Virgin of Bronce is made up of 7 women and one man who live in various places in the city of Cuenca. This city has a cold climate, and its mix of the colonial and the modern gives it its beauty. The people are friendly, kind like our members who work in different businesses that allow them to contribute to their household costs and raise their families. The people continue the culture and traditions of their villages.

One of the members of this group is Carmen. She is 25 years old, married, and in her marriage has had 2 children who are 7 and 3 years old. Her first son is studying in a city school. Her husband works in an industrial mechanic shop. She doesn’t have her own home and for that reason she is renting.

Carmen cares for her children and in her free time works selling Avon products. She works from Sunday to Sunday without set hours. Also, there’s times that they call her and she works in a beauty salon.

This is her first loan that she’s gotten in the communal bank which her sister-in-law invited her into. She will invest her loan into the purchase of Avon products.

Her goal is to buy a house.
View original language description ↓
El banco comunal Virgen de Bronce está formado por 7 socias y un socio, quienes viven en diferentes lugares de la ciudad de Cuenca, esta ciudad es de clima frió y su belleza la da su mezcla de lo colonial y lo moderno, su gente es amable, gentil como nuestras socias quienes laboran en diferentes actividades las mismas que le permiten aportar a la economía de sus hogares y sacar adelante a sus familias. Su gente mantiene la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora.Carmen, tiene 25 años, es casada y en su unión conyugal ha concebido 2 hijos de 7 y 3 años de edad, su primer hijo está estudiando en una escuelita de la ciudad. Su esposo labora en un taller de mecánica industrial, no tiene casa propia por lo que vive arrendando.

Doña Carmen se dedica al cuidado de sus hijos y en sus tiempos libres trabaja en la venta de productos Avon, trabaja de domingo a domingo sin un horario fijo. También hay veces que le llaman y trabaja en un gabinete de belleza.

Este es su primer crédito que realiza en el banco comunal al cual fue invitada por su cuñada, su crédito lo va a invertir en la compra de cosméticos Avon.

Su meta es comprarse una casa.


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
  • 60
    View loans »
    Ecuador Loans Fundraising
  • $23,522,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Virgen De Bronce (Cuenca) Group's $2,150 loan helped a member to buy cosmetics.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2012
Listed
Jan 23, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012