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Cumbe  (Cuenca) Group
In this Group: Laura Azucena, Nancy Fabiola, Julia Janneth, Rosa Elvira, María Teresa De Jesús, María Targelia, María Gladys*, María Rosa Florinda, Diana Pilar, María Lucrecia, Ruth Magaly, María Luzmila
* not pictured
The Cumbe communal bank consists 12 members who are kind, gentle and with very warm hearts. They work in various businesses, particularly agriculture, animal husbandry and trade. Their work enables them to help cover the costs of their homes and coping with their families. They live in the parish of Cumbe, south of the city of Cuenca. In this area there are large grazing ranches, farms, and both old and modern buildings which are in tune with the beauty of the place and give more variety to the landscape. The cuisine is varied and its people maintain their culture and traditions.

One of the members of this group is Maria Teresa, 50, who is married and has 5 children as a result of this marriage. Three of her sons are married and live independently, one daughter is studying at school and the other son lives at home. Her husband works abroad. He migrated for work to improve the family's economy. The house she lives in is their own property.

Maria Teresa looks after her household and also raises chickens, guinea pigs, pigs and cattle to sell when she has financial needs. She works in agriculture and her produce is only for home consumption.

She has been a member of the communal bank for 7 years, and the new loan will be invested in the purchase of chickens, pigs and guinea pigs to continue her business.

Maria Teresa's goal is to expand her business much more.
View original language description ↓
El banco comunal Cumbe está conformado por 12 socias, quienes son amables, gentiles y de un corazón muy cálido, laboran en diferentes actividades en especial en la agricultura, cría de animales y comercio, estos trabajos les permiten ayudar y solventar los gastos de sus hogares para salir adelante con sus familias. Viven por la parroquia Cumbe que se encuentra al sur de la ciudad de Cuenca, en su entorno se encuentran grandes pastos de fincas ganaderas y haciendas viejas unas y modernas construcciones que no desentonan con la belleza del lugar y más bien le dan variedad al paisaje. Su gastronomía es muy variada y su gente mantiene la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. María Teresa, tiene 50 años, es casada y en su unión conyugal ha concebido 5 hijos, tres de sus hijos son casados y viven independientes, una hija estudia en el colegio y un hijo pasa en casa. Su esposo labora en el extranjero ha emigrado en busca de trabajo para mejorar la economía de su hogar, la casa en la que vive es de su propiedad.

Doña María Teresa se dedica a los quehaceres de su hogar y tambien cría gallinas, cuyes, cerdos y ganado a los que los vende cuando tiene alguna necesidad económica. Trabaja en la agricultura y lo que produce es solo para el consumo de su hogar.

Es socia del banco comunal hace 7 años y su nuevo crédito lo va a invertir en la compra de gallinas, cerdos y cuyes para continuar con el negocio.

Su meta es agrandar mucho más su negocio.

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
  • 92
    View loans »
    Ecuador Loans Fundraising
  • $24,187,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Cumbe (Cuenca) Group's $4,300 loan helped a member to purchase chickens, guinea pigs, pigs and cattle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2012
Listed
Apr 10, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2012