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San Miguel (Cuenca) Group
In this Group: Clara Elvira, Rosa, María Esther, Digna Esperanza, Mariana De Jesús, Enma Soledad, Mercy Viviana
The San Miguel communal bank is composed of 7 members, all hard-working, combative and enterprising women who work in different activities that permit them to improve the economic stability of their homes. They live on the outskirts of Del Valle in Cuenca, a location where nature is exuberant. A local tourist attraction is Lake Cochapamba (filled with tall reeds). The people are dedicated to commerce, animal raising, agriculture, while many work in the city in different activities.

One of the group members is Mariana. She cares for her family and, since she stays at home, also raises and sells pigs and chickens. She sells them when the economic need arises. This work allows her to aid the household economy and advance her family. Mariana has done this since she has been married.

The funds from this loan will be used to buy pigs, chickens, and animal feed. Mariana is very proud of the fact that she had no trouble in paying off her previous loan. She paid the debt completely without difficulty.

Mariana likes her communal bank for the educational talks it offers and for the companionship that exists among the group.

This time we are providing a photograph of Eulogio who is coordinator of the “Fundacion Espoir.”
View original language description ↓
El banco comunal San Miguel está conformado por 7 socias quienes son mujeres trabajadoras, luchadoras y emprendedoras, laboran en diferentes actividades las mismas que les permiten mejorar la estabilidad económica de sus hogares. Viven por los alrededores de la parroquia del Valle en Cuenca, lugar con una exuberante naturaleza, uno de sus atractivos turísticos es la laguna de Cochapamba (llenas de totoras), su gente se dedica al comercio, cría de animales, a la agricultura y muchos laboran en la ciudad en diferentes actividades.

Una de las socias de este grupo es la Señora. Mariana, ella se dedica al cuidado de su familia y como pasa en casa también cría y vende cerdos y pollos, sus animales los vende cuando tiene alguna necesidad económica. Este trabajo le ha permitido aportar a la economía de su hogar y sacar adelante a su familia. Se dedica a esta actividad desde que se ha casado.

El dinero de este crédito lo va ha invertir en la compra de cerdos, pollos y en alimento para animales.

Ella se siente muy orgullosa ya que en el pago de su crédito anterior no ha tenido ninguna dificultad y ya realizo la cancelación total del mismo sin contratiempos. El banco comunal le gusta por las charlas educativas que les brindan y por el compañerismo que existen entre todo el grupo.

Por esta ocasión nos acompaña en la fotografía el Señor Eulogio que es coordinadorde la Fundación Espoir.

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
  • 58
    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 San Miguel (Cuenca) Group's $2,550 loan helped a member buy pigs, chickens, and animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2012
Listed
Jan 25, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012