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Camino Al Progreso (Cuenca) Group
In this Group: Sonia Alejandrina, Rosa Elena, María Bertha, María Carmen , Jessica Patricia, María Avelina, Rosa Elvira, Nancy Marlene, Trancito, María Eloisa, Diana Del Rocío
The community bank El Camino al Progreso is made up of eleven members who live around the parrish of Turi in Cuenca, which is known as the viewpoint. Turi has beautiful landscapes, its own culture, a craft economy, and vernacular architecture. The majority of the inhabitants work in agriculture and raising animals. Our members are strong and hardworking women who work in a variety of fields, which allows them to support their households and get their families ahead. The group is characterized by charisma and happiness.

One of the members of this group is María Carmen, who is 42 years old, married, and has six children. Three are married and live independently and the others are 5, 12, and 18 years old. Her 18 year old son is at home and her two other children are studying in a school in the city. Her husband works in construction as a bricklayer, and they own their own home.

María Carmen works from Monday to Friday for half the day cultivating her strawberry plants, work she has done for two years. The other half of the day she spends embroidering, work she has done for 30 years, but only makes items by special order.

This is her first loan and she will invest it in manure and fertilizers to improve her strawberry production. Her dream is to export her products.

The children in the photo are children of two community bank members.
View original language description ↓
El banco comunal El Camino al Progreso está formado por 11 socias, quienes viven alrededor de la parroquia de Turi en Cuenca, parroquia que es conocida como el Mirador, Turi posee hermosos paisaje, cultura propia, una economía artesanal y una arquitectura vernácula. Su gente en su mayoría se dedica a la agricultura y cría de animales. Nuestras socias son mujeres luchadoras y muy trabajadoras que se dedican a varias actividades las mismas que les permiten aportar a la economía de sus hogares y sacar adelante a sus familias, se caracterizan por el carisma y alegría de todo el grupo.

Una de las socias de este grupo es la Señora. María Carmen, tiene 42 años de edad, es casada y en su unión conyugal ha concebido 6 hijos, 3 son casados y viven independientes y sus hijos solteros tienen 18, 12 y 5 años de edad, su hijo de 18 años pasa en casa y sus dos últimos hijos están estudiando en una escuelita de la ciudad. Su esposo labora en la rama de la construcción como albañil, la casa en la que vive es de su propiedad.

Doña María Carmen labora de lunes a viernes medio día en el cultivo y cuidado de su plantación de fresas, actividad que la desempeña hace dos años, el otro medio día se dedica a bordar actividad que desempeña hace 30 años pero solo borda bajo pedido.

Este es su primer crédito y lo va a invertir en abonos y fertilizantes para mejorar la producción de fresas.

Su sueño es exportar su producto.

Los niños de la foto soin hijos de dos socias.

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
  • 50
    View loans »
    Ecuador Loans Fundraising
  • $23,495,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Camino Al Progreso (Cuenca) Group's $3,975 loan helped a member to purchase manure and fertilizer.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2012
Listed
Feb 24, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012