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Nueva Esperanza  (Cuenca) Group
In this Group: Amada De Jesús, Mónica Catalina, Alba Maribel, María Baltazara, Luz Aurora , Celia María, Angelita María*, Alexandra De La Nuve, Juana Delia
* not pictured
The “Nueva Esperanza” comunal bank is made up of 9 members who are hospitable and friendly women who have warm hearts. They work in different businesses, work which allows them to cover their personal expenses and help their families get ahead so they can provide them with a better future. They live in different areas of the city of Cuenca, which has been a World Heritage site since December 1999. This city is bathed by 4 rivers, its huge variety of cuisine captivates the palates of its inhabitants and visitors, and its residents preserve the culture and traditions of their peoples.

One of the members of this group is María Baltazara. She is 45 years old, a widow, and does not have children. The house she lives in is her own property.

María Baltazara has worked in a seafood restaurant for a few years. She works from Sunday to Sunday from 8:00 in the morning until 4:00 in the afternoon. At home she raises cows, pigs, and chickens, which she sells when has economic need.

She is in her third loan cycle with the communal bank and she is going to use it to buy chickens and feed for them.

Her goal is to grow her animal raising business.
View original language description ↓
El banco comunal Nueva Esperanza está formado por 9 socias quienes son mujeres hospitalarias, amables y de un corazón muy cálido, laboran en diferentes actividades, trabajos que le permiten solventar sus gastos personales y sacar adelante a sus familias para brindarles un mejor futuro. Viven por distintos lugares de la ciudad de Cuenca, ciudad que es desde Diciembre de 1999 es Patrimonio Cultural de la Humanidad, esta ciudad esta bañada por 4 ríos, su gran variedad en la gastronomía cautiva el paladar de sus habitantes y de sus visitantes, su gente mantienen la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. María Baltazara, tiene 45 años, es viuda y no tiene hijos, la casa en la que vive es de su propiedad.

La Señora. María Baltazara trabaja en una marisquería desde hace algunos años, labora de domingo a domingo desde las 8 de la mañana hasta las 4 de la tarde. En su casa cría vacas, cerdos y pollos a los que los vende cuando tiene alguna necesidad económica.

Se encuentra en el tercer crédito que realiza en el banco comunal y lo va a invertir comprando pollos y alimento para los mismos.

Su meta es crecer en la cría de animales.

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
  • 49
    View loans »
    Ecuador Loans Fundraising
  • $24,292,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza (Cuenca) Group's $3,575 loan helped a member to buy chickens and feed for them.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 5, 2012
Listed
Apr 23, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012