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El Cruce Hacia El Futuro (Cuenca) Group
In this Group: María Angelita, Elsa Gladys, Rosa Del Cisne, Mónica Patricia, Diana Noemi, Zoila Encarnación, Jenny Elizabeth*, María Del Carmen, Gladis Blanca, Narcisa Milena
* not pictured
El Cruce hacia el Futuro Communal Bank is made up of 10 members who live around Sinicay Parish, located 8 km. from Cuenca. The inhabitants of the parish have taken advantage of the natural resources such as clay, using it since colonial times as primary material in roof tiles and bricks. The people work in agriculture, animal raising, trade and many other jobs in the city. Our members work every day in different jobs that enable them to contribute to the upkeep of their households. They characterize themselves as hardworking, friendly and charismatic women.

Sra. Zoila is one of the members of this group. She is 32 years old and separated from her husband. However she had 4 sons from this union. They are 18 and 7 years of age, with the youngest twins, who are 1 and a half years old. Her oldest son works and helps her financially and her second son attends a little school in in the city. She lives with her parents and shares household expenses with them.

Zoila has been employed as a caretaker for the elderly for a year and a half and works from Monday to Friday, from 8 in the morning until 8 at night. On weekends, she works at a market in the city selling fruit and she has had this business for 6 months.

This is her first loan from the communal bank. She was invited to join it by her mother. She will invest her loan in the purchase of fruit.

Her dream is to have her own home.
View original language description ↓
El banco comunal El Cruce hacia el Futuro está formado por 10 socias, quienes viven alrededor de la parroquia de Sinincay ubicada a 8 Km. de Cuenca, los habitantes de esta parroquia han aprovechado los recursos naturales como la arcilla utilizada desde la época de la colonia como materia prima para la fabricación de tejas y ladrillos, su gente laboran en la agricultura, cría de animales, comercio y muchos laboran en la ciudad. Nuestras socias laboran diariamente en diferentes actividades las mismas que le permiten aportar a la economía de sus hogares, se caracterizan por ser mujeres luchadoras, amables y carismáticas.

Una de las socias de este grupo es la Señora. Zoila, tiene 32 años de edad, está separada de su esposo pero en su unión conyugal ha concebido 4 hijos de 18 y 7 años y sus últimos hijos son gemelos de un año seis meses de edad, su primer hijo trabaja y le ayuda económicamente y su segundo hijo está en una escuelita de la ciudad. Vive en casa de sus padres con quienes compartes los gastos del hogar.

Doña Zoila trabaja como empleada y cuida personas de la tercera edad, se encuentra en esta actividad hace un año y medio y trabaja de lunes a viernes desde las 8 de la mañana hasta las 8 de la noche. Los fines de semana labora en un mercado de la ciudad vendiendo frutas, se inició en esta actividad hace 6 meses.

Este es su primer crédito que realiza en el banco comunal al cual fue invitada por su mamá. Su crédito lo va a invertir en la compra de frutas.

Su sueño 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
  • 54
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of El Cruce Hacia El Futuro (Cuenca) Group's $5,075 loan helped a member to purchase fruit.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 3, 2012
Listed
Feb 25, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012