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Los Sauces (Cuenca) Group
In this Group: Enma Esperanza, Jenyffer Dayana, Martha Verónica, Paola Maricela, Tatiana Carolina, Victor Orlando*, José Alberto, Juana Leonor
* not pictured
The 'Los Sauces' community bank is made up of 6 women and 2 men who are hard-working, tenacious and very kind people. They work every day in different business activities which allow them to cover their household expenses. They live in the city of Cuenca, which is the capital of Azuay province. It is well known as being the 'Athens of Ecuador'. It was named a World Heritage Site in December 1999. Cuenca offers the best and most important production of handicrafts in the country. It has well-known jewelers, specialist workers who turn gold and silver into beautiful jewels. Its cuisine is very wide ranging and delights the palates of both locals and visitors. The local people maintain the culture and traditions of their villages.

One of the members of this group is Martha. She is 23 years old, single, and lives independently. She does not own her own home but lives in a rental house.

Martha works as a private employee. She has been in this job for one year and she works from Sunday to Sunday, from 9.00am to 9.00pm. This is her first loan through her community bank, which she was invited to join by a friend. She will use her first loan to buy music CDs and videos so that she can set up a sales location and start a business. Her goal is to own her own home.
View original language description ↓
El banco comunal Los Sauces está formado por 6 socias y 2 socios quienes son personas trabajadoras, luchadoras y muy amables, laboran diariamente en diferentes actividades las mismas que les permiten solventar los gastos de su hogar. Viven en la ciudad de Cuenca que la capital de la provincia del Azuay, es reconocida como la "Atenas del Ecuador", declarada Ciudad Patrimonio Cultural de la Humanidad en Diciembre de 1999. Cuenca ofrece la mejor y más importante producción artesanal del país, cuenta con renombradas joyerías, obreros especialistas convierten el oro y plata en bellas joyas; su gastronomía es muy variada y cautiva el paladar de propio y extraños. Su gente mantiene la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señorita. Martha, tiene 23 años de edad, es soletera y vive independiente, no tiene casa propia por lo que vive arrendando.

La Señorita. Martha labora como empleada privada, actividad que la desempeña hace un año y trabaja de domingo a domingo desde las 9 de la mañana hasta las 9 de la noche.

Este es su primer crédito que realiza en el banco comunal al cual fue invitada por una amiga. Con su primer crédito va a comprar CD de música y video para poner un local y comenzar con este negocio.

Su meta es tener su casa propia.

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
  • 94
    View loans »
    Ecuador Loans Fundraising
  • $24,193,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Los Sauces (Cuenca) Group's $3,850 loan helped a member to buy music CDs and videos.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2012
Listed
Feb 15, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012