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Progresar Al Futuro  (Paute) Group
In this Group: Rosa Elena, Elvia Celina, Rosa María, Vicente Rafael, María Ana, Luis Eduardo, Victor Manuel
The "Progresar al Futuro" ("Progress to the Future") community bank has four female and three male members, who work in different economic activities, which allow them to meet their living expenses. They live in Paute, which is in the northeast of the province of Azuay in Ecuador. The climate is sub-tropical-temperate, and the beautiful countryside is a traditional tourist destination. The area is bathed by the Paute and Culticay rivers, which make it a rich region for growing fruit, flowers, and sugar cane. The people also maintain the culture and traditions of their villages.

Rosa María, 28, is one of the group's members. She lives with her partner and has a 10-month-old baby. Her partner works as a builder. They do not have their own home but live in a rented premise.

Rosa María looks after the needs of their home, caring for their son and raising guinea pigs that she then sells within the community.

This is her second loan with the community bank, which a friend invited her to join. She will use the funding to buy chickens so she can start to raise these animals. Her dream is to have her own house.
View original language description ↓
El banco comunal Progresar al Futuro está formado por 4 socias y 3 socios, quienes diariamente laboran en diferentes actividades económicas las que les permiten solventar los gastos de sus hogares. Viven en el cantón de Paute ubicado al noreste de la provincia del Azuay, su clima es sub-tropical-templado y sus paisajes se ha constituido en un lugar tradicionalmente turístico. Se encuentra bañada por los ríos Paute y Culticay, que hacen que sea un cantón próspero productor de frutas, flores y caña de azúcar. Su gente también mantiene la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. Rosa María, tiene 28 años, vive en unión libre y ha concebido un bebé de 10 meses de edad. Su esposo labora como albañil, no tienen casa propia por lo que viven arrendando.

La Señora. Rosa María se dedica a los quehaceres de su hogar, a cuidar de su hijo y a criar cuyes a los mismos que los vende en su comunidad.

Se encuentra en su segundo crédito que realiza en el banco comunal al cual fue invitada por una amiga, su nuevo crédito lo va a invertir en la compra de pollos para iniciar con la cría de estos animales.

Su meta 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
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $24,089,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Progresar Al Futuro (Paute) Group's $2,875 loan helped a member to buy chickens.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2012
Listed
Mar 21, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012