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Sector Los Olivos  (Cuenca) Group
In this Group: Rosa Inés, Angelica María, Jessica Elizabeh , Luisa Del Carmen, María Dolores, Elvia De Jesús, Flor Del Pilar, William Geovanny, María Teresa, Nancy Lorena, María Angelita
The “Sector Los Olivos” (Olive Tree Sector) communal bank has ten female and one male member who live in sectors adjacent to Turi Parish which is in the south of the city of Cuenca and is notable because of its scenery, its culture and crafts and for its native architecture. Its residents are merchants, raise animals and farm. The members are tenacious, hardworking people who see obstacles as challenges to overcome and continue forward. They preserve the culture and traditions of their parents. They are kind, pleasant people who are very warmhearted.

One of the members of this group is Rosa Inés. She’s 50 years old, married and has three children who are all adults. Two of her children are married and live independently and her youngest daughter who attends a university in the city also works to cover her expenses. Her husband works as a carpenter and the house they live in is theirs.

Rosa Inés has been farming for the last 20 years; she plants and buys vegetables to sell in a market in the city. She also raises pigs, guinea pigs, chickens and ducks.

She’s been a member of the communal bank for four years and will use her loan to buy animal feed. Her goal is to grow in her businesses.
View original language description ↓
El banco comunal Sector los Olivos está formado por 10 socias y 1 socio quienes viven por los sectores aledaños de la parroquia de Turi que está localizada al sur de la ciudad de Cuenca que se caracteriza por sus paisajes, por su cultura y artesanía, y por su arquitectura vernácula. Su gente se dedica al comercio, cría de animales y agricultura. Los integrantes de este grupo son personas muy luchadoras, trabajadoras y siempre ven los obstáculos como retos para superarse y salir adelante, mantienen la cultura y tradiciones de sus padres, son amables, gentiles y de un corazón muy cálido.

Una de las socias de este grupo es la Señora. Rosa Inés, tiene 50 años, es casada y en su unión conyugal ha concebido 3 hijos quienes son todos mayores de edad, dos de sus hijos son casados y viven independientes, su última hija estudia en una universidad de la ciudad y también trabaja para costearse sus gastos. Su esposo labora como carpintero, la casa en la que habitan es de su propiedad.

Doña Rosa Inés se dedica desde hace 20 años a la agricultura, siembra y comprar hortalizas para la venta, las mismas que las vende en un mercado de la ciudad. También se dedica a la cría de cerdos, cuyes, pollos y patos.

Es socia del banco comunal hace 4 años y su crédito lo va a invertir en la compra de alimento para sus animales.

Su meta es crecer en sus negocios.

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
  • 24
    View loans »
    Ecuador Loans Fundraising
  • $22,541,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Sector Los Olivos (Cuenca) Group's $3,100 loan helped a member to buy animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2012
Listed
Mar 29, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2012