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Caritas Alegres (Cuenca) Group
In this Group: Noemi Leticia*, Johanna Alexandra, Guadalupe Maribel, María Dolores, Gladys Esperanza, Cecilia Verónica, María Transito, María Adelina, Martha Beatriz, Ines Delia
* not pictured
The communal bank Caritas Alegres is made up of 10 members who work in a market in the city. They live in different parts of the city of Cuenca that is known as Saint Anne of the four rivers. Since December 1999, it is a Cultural Heritage Site. It is a city rich in culture and traditions. Its gastronomic variety captures the palate of natives and foreigners. Its people are friendly, kind and very charismatic, like our members, who are fighting, entrepreneurial women that look, in their daily work, for the best opportunities that will get their families ahead.

One of the members of the group is Martha. She is 27 years old and a single mother of three children who are 12, 10 and 7 years old. All her children study in the city school. They do not have their own house, so they rent.

Martha works in the market selling potatoes, for which they pay her a monthly salary. She has been working in this job for 15 years. She works from Sunday to Sunday from 7 in the morning until 7 at night.

In the communal bank, she is in her second loan cycle and will invest her loan in her children’s schooling expenses.

Her goal is to have her own business selling potatoes, since she knows the business already.

The small photo attached is of a member who, for health reasons, was not able to be present when the group photo was taken.
View original language description ↓
El banco comunal Caritas Alegres está formado por 10 socias quienes laboran en un mercado de la ciudad, viven en diferentes lugares de la ciudad de Cuenca ciudad que es conocida como la Santa Ana de los 4 Ríos, es desde Diciembre de 1999 Patrimonio Cultural de la Humanidad, es una ciudad muy rica por su Cultura y Tradiciones, su variedad en la gastronomía cautiva el paladar de propios y extraño. Su gente es amable, gentil y de un gran carisma, como nuestras socias quienes son mujeres luchadoras y emprendedoras que buscan en el trabajo del día a día las mejores oportunidades para salir adelante con sus Familias.

Una de las socias de este grupo es la Señora Martha, tiene 27 años, es madre soltera de 3 hijos de 12, 10 y 7 años de edad, todos sus hijos estudian en una escuelita de la ciudad. No tiene casa propia por lo que vive arrendando.

La Señora. Martha trabaja en un puesto en el mercado donde venden papas por el cual le pagan un sueldo mensual, trabajo en el que se encuentra hace 15 años, labora de domingo a domingo desde las 7 de la mañana hasta las 7 de la noche.

En el banco comunal se encuentra en su segundo ciclo y su crédito lo va a invertir en los gastos escolares de sus hijos.

Su meta es tener un negocio propio de venta de papas ya que conoce el negocio.

La foto pequeña adjunta es de una socia que por motivos de salud no pudo estar presente cuando se tomó la foto del grupo.

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

  • $10,600
    Average annual income
  • 54
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Caritas Alegres (Cuenca) Group's $3,250 loan helped a member to buy school supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2012
Listed
Feb 5, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012