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Pan De Azúcar (Cuenca) Group
In this Group: Nanci Violeta De Jesús, Jenny Beatriz, Ligia Irene, Jessenia Paulina, Libia Beatriz*, Mery Carmita, Gerardo Xavier
* not pictured
The "Pan de Azúcar" ["Sugarloaf"] communal bank is made up of 6 women and one man, who live in the city of Cuenca, the capital of Azuay province. Cuenca is known as the "Athens of Ecuador" and as the country's cultural city. Cuenca is also a city with a high level of handicraft production. Its people are friendly, warm and polite, as are our members, who work at various activities which allow them to supplement or cover the expenses of their households.

One of the members of this group is Jesenia, who is 19 years old. She is married and as yet has no children. Her husband works as a private employee. They do not have a house of their own, so they live in rented quarters.

Jesenia works selling cosmetics from a catalog. She has done this work for 4 years. She works from Sunday to Sunday without fixed working hours.

She is in her second loan cycle with the communal bank, and she will invest the loan in buying cosmetics to expand her stock of merchanadise.

Her goal is to finish her secondary education.

The small photo attached is of one of the members who could not be present when the group photo was taken, for personal reasons.
View original language description ↓
El banco comunal Pan de Azúcar está formado por 6 socias y 1 socio quienes viven en la ciudad de Cuenca que es la capital de la provincia del Azuay, es reconocida como la "Atenas del Ecuador" y la ciudad cultural del país. Cuenca es una ciudad con mucha producción artesanal. Su gente es amable, cálida y gentil como nuestras socias quienes se dedican a laborar en diferentes actividades las mismas que les permiten ayudar y solventar los gastos de sus hogares.

Una de las socias de este grupo es la Señora. Jesenia, tiene 19 años, es casada y aun no tiene hijos. Su esposo labora como empleado privado, no tienen casa propia por lo que viven arrendando.

La Señora. Jesenia se dedica a la venta de cosméticos por catalogo, actividad que la desempeña hace 4 años, trabaja de domingo a domingo sin un horario fijo.

Se encuentra en el segundo crédito que realiza en el banco comunal y lo va a invertir en la compra cosméticos para ampliar su mercadería.

Su meta es culminar sus estudios secundarios.

La foto pequeña adjunta es de una de las socias que por motivos personales no pudo estar presente cuando se tomó la foto del 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

  • $10,600
    Average annual income
  • 96
    View loans »
    Ecuador Loans Fundraising
  • $24,104,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Pan De Azúcar (Cuenca) Group's $3,100 loan helped a member to buy cosmetics.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2012
Listed
Mar 12, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012