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Jardines De Paute (Paute) Group
In this Group: Aurora De Las Mercedes, Rosa Aurora, Rocio Victoria, Nube Del Rocio, Rosa Elvira, Ines Carmelina, Nube Del Rocio
The 'Jardines de Paute' community bank has seven [female] members who live in different parts of Paute canton. This canton is located in the north-east of Azuay province. Its climate and scenery have made it a tourist destination. It has a mild subtropical climate. Most of Paute's workforce are engaged in agricultural work. Orchard work and [plant] nursery maintenance are very important fields, as is small-scale livestock raising. Some flower export companies have settled in Paute region. Another source of work is the production of brandy and furniture manufacturing. The locals, just like our clients, are hard-working people and are always searching for a better future.

One of the members of this group is 56-year-old Inés. She is a single mother and has five adult children who are married and live independently. The house in which she lives belongs to one of her children.

When she was 18 years old, Inés did a course in embroidery. This enabled her to set up her own business, embroidering and making bedspreads. As she works from home, she also raises guinea pigs, chickens and pigs.

This is Inés' second loan as a member of her community bank and she will invest her money in buying thread so that she can continue in her business. Her goal is to buy a plot of land.

The child in the photo is the son of one of the group's members.
View original language description ↓
El banco comunal Jardines de Paute está formado por 7 socias quienes viven por diferentes partes del cantón Paute, cantón que esta ubicado al no res te de la provincia del Azuay, su clima y paisaje le han constituido en un lugar tradicionalmente turístico; tiene un clima sub-tropical-templado. Las labores agrícolas ocupan gran parte de la mano de obra pauteña, es muy importante el cuidado de los huertos y el mantenimiento de viveros, se complementa esta actividad con la ganadería, en poca escala. En la zona de Paute se asientan algunas empresas dedicadas a la exportación de flores, otra fuente de trabajo es la producción de aguardiente y la manufactura de muebles. Su gente al igual que nuestras socias son personas trabajadoras y siempre están en busca de un mejor futuro.

Una de las socias de este grupo es la Señora. Inés, tiene 56 años y es madre soltera de 5 hijos quienes son todos mayores de edad, casados y viven independientes. La casa en la que vive es propiedad de uno de sus hijos.

La Señora. Inés cuando tenía 18 años siguió un curos de bordado, curso que le permitió tener su propio negocio, ella se dedica a bordar y tejer colchas. Como trabaja en su casa también se dedica a la cría de cuyes, pollos y cerdos.

Este es su segundo crédito que realiza en el banco comunal y lo va a invertir en la compra de hilo para continuar con su negocio.

Su meta es comprarse un terreno.

El niño de la foto es hijo de una socia.

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
  • 46
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Jardines De Paute (Paute) Group's $1,500 loan helped a member to buy thread.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2012
Listed
Feb 10, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012