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Mujeres Cumbeñas (Cuenca) Group
In this Group: Magali Tania, Ana Cesilia, Piedad Cecilia, María Isabel, María Sarbelia, Norma Marlene, Doris Silvana, Libia Marisol*
* not pictured
The Mujeres Cumbeñas communal bank is made up of 8 tenacious and hardworking women. The members work in different economic activities that allow them to contribute to their household income. They live around the parish of Cumbe in Cuenca—the parish has large cattle ranches, beautiful old estates, and modern buildings that bring some variety to the landscape. The residents of Cumbe make a living from trade, raising livestock, and farming, while many work in the city and are engaged in various economic activities there. The people maintain their culture and traditions, along with their rich and varied cuisine.

One of the members of the group is María Isabel. She is 34 years old, single, and lives with her mother, who makes a living raising livestock and owns the house that they live in.

For 3 years María Isabel has worked cleaning homes and offices for a living. She works all day from Monday to Friday.

This is María Isabel’s first loan with the communal bank, which her sister invited her to join. She is going to use the loan to purchase jewellery and cosmetics so she can begin selling those items.

Her goal is to build her own home.

The children who appear in the photo are the children of two of the members.
View original language description ↓
El banco comunal Mujeres Cumbeñas está formado por 8 mujeres luchadoras y muy trabajadoras, laboran diariamente en diferentes actividades económicas las que les permiten aportar a la economía de sus hogares. Viven por los alrededores de la parroquia de Cumbe en Cuenca, en esta parroquia hay grandes fincas ganaderas, hermosas haciendas viejas y modernas construcciones que le dan variedad al paisaje. Su gente se dedica al comercio, cría de animales, a la agricultura y muchos laboran en la ciudad ejerciendo varias actividades económicas. Mantienen la cultura y tradiciones de sus pueblos, manteniendo también su variada y rica gastronomía.

Una de las socias de este grupo es la Señorita. María Isabel, tiene 34 años de edad, es soltera y vive con su mamá quien se dedica a la cría de animales, la casa en la que vive es propiedad de su mamá.

La Señorita. María Isabel trabaja hace 3 años limpiando casas y oficinas, trabaja de lunes a viernes todo el día.

Este es su primer crédito que realiza en el banco comunal al cual fue invitada por su hermana, su crédito lo va a invertir en la compra de joyas y cosméticos para iniciar con la venta de estos productos.

Su meta es construir su casa propia.

Los niños de la foto son hijos de dos 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
  • 41
    View loans »
    Ecuador Loans Fundraising
  • $23,096,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mujeres Cumbeñas (Cuenca) Group's $1,775 loan helped a member to purchase jewellery and cosmetics.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2012
Listed
Jan 26, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012