Check out some available loans that are similar to this one!
Por Un Futuro Mejor (Paute) Group
In this Group: Gabriela María, Marcia Gabriela, Diana Carolina, Delia Magdalena, María Hortencia, Ruth Elizabeth, Luis Joaquin, Rosa Angelita, Claudia Patricia, Celia Verónica, María Luz Aurora
The 'Por un Futuro Mejor' community bank is made up of 10 women and 1 man who work every day in different business activities that allow them to cover their household expenses and provide for their families.

Our members, in common with everybody else in Paute, are noted for the fact that they maintain the culture and traditions of their ancestors. They live in Paute canton which is in the north-east of Azuay province. This area has a sub-tropical temperate climate and is surrounded by many hills. Most of the workers in this area are employed in agriculture and this is complemented with some small-scale livestock raising. In Paute there are some companies whose business is exporting flowers. Other sources of work are liquor production and furniture making. The Chicán embroiderers are very well known and there are a few places to visit.

One of the members of this group is Ruth. Ruth is 33 years old, married, and has two children from her marriage who are 7 and 5 years old. They are attending an elementary school in the town. Her husband is a private employee and they own their own home.

Ruth has been running a stationery store for eight years. She works from Sunday to Sunday, from 8 in the morning until 8 at night.

This is Ruth's first loan through her community bank which she was invited to join by a friend. She will invest her loan money in buying stationery products and school supplies for her business.

Ruth's goal is to expand her business and provide for her family.
View original language description ↓
El banco comunal Por un Futuro Mejor está formado por 10 socias y 1 socio quienes laboran diariamente en diferentes actividades que les permiten solventar los gastos de sus hogares y sacar adelante a sus familias.

Nuestras socias al igual que toda la gente de Paute se caracterizan por mantener la cultura y tradiciones de sus pueblos. Viven en el cantón de Paute que se encuentra ubicado al noreste de la provincia del Azuay, tiene un clima sub-tropical-templado y está rodeado por muchas elevaciones. Las labores agrícolas ocupan gran parte de la mano de obra y se complementa esta actividad con la ganadería en poca escala. En la zona de Paute se asientan algunas empresas dedicadas a la exportación de flores, otra fuente de trabajo es la producción de aguardiente y la manufactura de muebles. Son muy afamadas las bordadoras de Chicán, cuenta con varios lugares para visitar.

Una de las socias de este grupo es la Señora. Ruth, tiene 33 años, es casada y en su unión conyugal ha concebido dos hijos de 7 y 5 años de edad que están estudiando en una escuelita de la localidad. Su esposo es empleado privado, la casa en la que viven es de su propiedad.

Doña Ruth tiene un bazar y papelería hace 8 años, labora de domingo a domingo desde las 8 de la mañana hasta las 8 de la noche.

Este es su primer crédito que realiza en el banco comunal al cual fue invitada por una amiga. El dinero de su crédito lo va a invertir en la compra de artículos de bazar y útiles escolares para su negocio.

Su meta es agrandar su negocio y sacar adelante a su familia

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
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,837,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Por Un Futuro Mejor (Paute) Group's $3,425 loan helped a member to buy stationery products and school supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2012
Listed
Mar 6, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012