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La Florida (Cuenca) Group
In this Group: María Lastenia, Ana Cristina, María Angelita, Ruth Angelita, Janneth Aracely, Alejandro Dario, Carlos Santiago, Rosa Alicia
The communal bank "La Florida" is made up of 6 women and 2 men, each of whom has their own business. The members of this group have been able to cover their household expenses through the money earned by these businesses. They live in the city of Cuenca, the capital of Azuay province, which is known as the "Athens of Ecuador." This is culturally one of the most important cities in the country, and in December of 1999 it was named a UNESCO World Heritage Site. Many of the people in this city work in handicrafts, and they maintain the culture and traditions of their towns.

One of the members of this group is Janneth. She is 21 years old, married, and has a 2 year-old daughter. Her husband is a professional driver, and he works for a company providing private driver services. They live in their own home.

Janneth started her own business 4 months ago; she has a grocery store where she works every day from 6am until 10 at night.

This is the first loan that she has taken in her communal bank. She was invited to join the group by her mother, who is an active member. She will invest this loan in the purchase of grocery products for her store.

Her goal is to expand her business.

The woman in photograph who is wearing a hat is the mother of one of the members; she is not a member of this group.
View original language description ↓
El banco comunal La Florida formado por 6 socias y 2 socios quienes laboran en diferentes actividades, las mismas que le permiten solventar los gastos de sus hogares. Viven en la ciudad de Cuenca capital de la provincia del Azuay, es reconocida como la "Atenas del Ecuador", es la ciudad cultural del país y fue declarada en Diciembre de 1999 Patrimonio Cultural de la Humanidad, su gente en su mayoría se dedica a la producción artesanal y mantienen la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. Janneth, tiene 21 años de edad, casada y tiene una hija de 2 años de edad, su esposo es de profesión chofer y labora prestando sus servicios en una empresa como chofer particular, la casa en la que viven es de su propiedad.

Ella hace 4 meses inicio su propio negocio, tiene una tienda de comestibles en la cual trabaja de domingo a domingo desde las 6 de la mañana hasta las 10 de la noche.

Este es su primer crédito que realiza en el banco comunal al cual fue invitada por su mamá quien es socia activa, su crédito lo va a invertir en la compra de víveres para surtir su tienda.

Su meta es ampliar su negocio.

La señora que está con sombrero en la foto es madre de una de las socias, no es integrante de este 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

  • $10,200
    Average annual income
  • 34
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of La Florida (Cuenca) Group's $3,975 loan helped a member to buy groceries.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2012
Listed
Feb 16, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012