Check out some available loans that are similar to this one!
Asunción  (Cuenca) Group
In this Group: Blanca Esperanza, Jaime Rodrigo, Ana Paola, Klever Orlando, María Virginia, Erika Verónica, Yolanda Cecilia
The Asunción Communal Bank is made up of five female members and two male members who live in different areas of the city of Cuenca. This city is the capital of the province of Azuay and it is the third most important city in the country. It has been recognized as a World Heritage Site since December 1999. It has a varied gastronomy and its people maintain the culture and traditions of their ancestors.

Our members are nice and kind people who work day after day at their different occupations, which allow them to cover their household expenses and offer their children a better future.

One of the group's members is Ana. She is 20 years old, single, and lives with her parents. Her dad works in a carpenter's workshop that he owns, where he makes all kinds of furniture, doors, and windows, and her mom is a private employee. The house she lives in belongs to her parents.

Ana works at her father's business, which she has done for six months now. She works from Monday to Saturday without a set schedule.

This is her second loan with her communal bank and she will use it to buy wood for her father's business.

Her goal is to expand the family business.
View original language description ↓
El banco comunal Asunción está formado por 5 socias y 2 socios quienes viven en diferentes lugares de la ciudad de Cuenca, esta ciudad es la capital de la provincia del Azuay, siendo la tercera ciudad más importante del país, es reconocida como Patrimonio Cultural de la Humanidad desde Diciembre de 1999, cuenta con una variada gastronomía, su gente mantienen la cultura y tradiciones de sus pueblos.

Nuestras socias son personas amables y gentiles, quienes laboran día a día en sus diferentes ocupaciones las mismas que les permiten solventar los gastos de sus hogares y brindarles un mejor futuro a sus hijos.

Una de las socias de este grupo es la Señorita. Ana, tiene de 20 años de edad, es soltera y vive con sus padres, su papá labora en un taller de carpintería de su propiedad en el cual fabrican toda clase de muebles, puertas y ventanas, y su mamá es empleada privada. La casa en la que vive de propiedad de sus padres.

La Señorita. Ana labora en el negocio de su padre, actividad que ha iniciado a desempeñar hace 6 meses, trabaja de lunes a sábados sin un horario fijo.

En el banco comunal se encuentra en su segundo crédito y lo va a invertir en madera para el negocio de su padre.

Su meta es agrandar el negocio familiar.


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
  • 37
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Asunción (Cuenca) Group's $1,875 loan helped a member to buy wood.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2012
Listed
Mar 18, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2012