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Las Minas (Cuenca) Group
In this Group: María Cristina, María Magdalena, Gladys Margarita, María Asunción, María Felicia, Luis Alfonso, María Esther, María Andrea, Luzmila Casilda, Digna Isabel, María Florencia*, Hilda Mercedes
* not pictured
The Las Minas communal bank is composed of 11 women and 1 man. They live in the Del Valle parish, also called "San Bautista de El Valle". It is located to the southeast of Cuenca. It has many places to visit, such as the lake of Cochapamba (full of totora [a species of bulrush]). This parish is famous for its corn production. A large part of its territory is dedicated to short-cycle crops such as corn, beans, and potatoes. Its people dedicate themselves to business, raising animals, and agriculture, and many work in the city in various activities. Its people maintain the culture and traditions of their communities. They are very pleasant and kind, like the members of our communal bank, who work in various activities that permit them to cover their household expenses and move their families forward.

One of the members of this group is Hilda. She is 26 years old. She lives in a common-law marriage and has 4 children. Her last child is a baby who is 8 months old, and the others are 3, 4, and 8 years old. Her oldest son is studying in a little school in the town. Her husband works in construction as a bricklayer. The house they live in is their own property.

Hilda spends most of her time at home, since her children are still young. There she farms, and what she harvests is for the consumption of the household. She also raises chickens and guinea pigs, which she sells in her community.

This is her fifth loan with the communal bank, and she is going to use it to buy chickens in order to continue with this activity.

Her goal is to work in a dressmaking workshop.
View original language description ↓
El banco comunal Las Minas está formado por 11 socias y 1 socio quienes viven en la parroquia del Valle llamada también como “San Bautista de El Valle”, está situada al sureste de Cuenca, tiene muchos lugares para visitar como la laguna de Cochapamba (llenas de totoras). Esta parroquia es famosa por su producción de maíz, gran parte de su territorio está dedicado a los cultivo de ciclo corto como maíz, fréjol y papas. Su gente se dedica al comercio, cría de animales, a la agricultura y muchos laboran en la ciudad en diferentes actividades. Su gente mantiene la cultura y tradiciones de sus pueblos, son muy amables y gentiles como nuestras socias quienes laboran en diferentes actividades las mismas que les permiten solventar los gastos de sus hogares y sacar en adelante a sus familias.

Una de las socias de este grupo es la Señora. Hilda, tiene 26 años, vive en unión libre y ha concebido 4 hijos de 8, 4 y 3 años y su ultimo hijo es un bebé de 8 meses de edad, su primer hijo está estudiando en una escuelita de la localidad. Su esposo labora en la construcción como albañil, la casa en la que viven es de su propiedad.

Doña Hilda pasa la mayor parte del tiempo en casa ya que sus hijos aun se encuentran pequeños, allí se dedica a la agricultura y lo que cosecha es para el consumo de su hogar, también cría pollos y cuyes a los que los vende en su comunidad.

Se encuentra en su quinto crédito que realiza en el banco comunal y lo va a invertir en la compra pollos para continuar con esta actividad.

Su meta es trabajar en una fábrica de costura.

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
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Minas (Cuenca) Group's $3,650 loan helped a member to purchase chickens.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Feb 20, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012