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Racar Bajo  (Cuenca) Group
In this Group: Zoila Paulina, Delia Elizabeth, Julio Santiago*, Milton Patricio, Mayra Liliana, Segundo Gerardo, Aida María, Guadalupe Del Rocio
* not pictured
The Racar Bajo Communal Bank is comprised of five female and three male members who live in the community of Racar, in the city of Cuenca. This city, known for its cold climate, abundant natural resources, and architecture, was named a UNESCO World Heritage Site in December of 1999. The inhabitants are warm-hearted, friendly, and courteous people who maintain the culture and traditions of their towns. Most of the members work in the trades taught to them by their parents, and carry on the traditions of making bricks, animal husbandry, and agriculture.

One of the members of this group is Mayra. She is 20 years old, unmarried, and lives with her parents. Her father works outside of the country and her mother has a brick factory. Mayra works in a sewing workshop from Monday to Friday from 8:00 in the morning until 6:00 in the evening. She has held this job for one year. On the weekends, she studies at a beauty academy.

She has been a member of the communal bank for one and a half years. She plans to invest the new loan in the purchase of items for her studies such as hair cutting implements, scissors, dyes, and other products. Her goal is to complete her studies and become a professional hair stylist.
View original language description ↓
El banco comunal Racar Bajo está formado por 5 socias y 3 socios quienes viven por la comunidad de Racar en la ciudad de Cuenca, esta ciudad es de clima frió, se caracteriza por tener una gran riqueza natural y arquitectónica, es desde Diciembre de 1999 Patrimonio Cultura de la Humanidad, su gente es de un corazón cálido, amable, gentil y mantienen la cultura y tradiciones de sus pueblos.
Nuestras socias y socios en su mayor parte se dedican a laborar en el trabajo que sus padres les han enseñado siguiendo la tradición de elaboración de ladrillos, cría de animales y a la agricultura.

Una de las socias de este grupo es la Señorita. Mayra, tiene 20 años de edad, es soltera y vive en casa de sus padres, su padre trabaja en el extranjero y su mamá tiene una fábrica de ladrillos.

La Señorita. Mayra trabaja en un taller de costura de lunes a viernes desde las 8 de la mañana hasta las 6 de la tarde, esta actividad la realiza hace un año. Los fines de semana estudia en una academia de belleza.

Es socia del banco comunal hace un año y medio, su nuevo crédito lo va a invertir en la compra de materiales para su estudio como maquinas para cortar el cabello, tijeras, tintes y otros productos.

Su meta es culminar sus estudios y llegar a ser profesional.

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
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $23,146,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Racar Bajo (Cuenca) Group's $2,100 loan helped a member to purchase hair cutting implements, scissors, dyes, and other items for her studies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 5, 2012
Listed
Apr 29, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012