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Mujeres De Esperanza  (Cuenca) Group
In this Group: María Orfelina, Jessica Viviana, Rosa Ines, Ligia Judith , Nancy Rebeca, María Dolores, Rosa Nieves, Carmen Cecilia
The Mujeres de Esperanza [Women of Hope] communal bank is made up of 8 members who know each other and have a great friendship. They work at different economic activities that allow them to pay their household expenses and get ahead with their families. These members are characterized by their charisma, their cheerfulness, and their culture and traditions. They live in different parts of the the city o Cuenca. This city is the third most economically important in the country. It has been a World Heritage Site since 1999. It is bathed in 4 rivers and has a varied cuisine that captures that palate of its own people and visitors.

One of the members of the group is María Orfelinda. She is 40 years old and has had six children in her marriage, aged 23, 18, 17, 15, 13, and 10 years old. Her oldest daughter works and helps her financially. Her second oldest daughter is married and lives on her own. Three of her children go to high school and her youngest son is in a primary school in town.

María Orfelinda works taking care of her household and weaving blouses and scarves. She learned this activity when she was 23 years old from her mother. For 3 years, she has also sold various brands of cosmetics.

This is the first loan she has had with the communal bank and she is going to invest it in buying thread for her weaving and in cosmetics to offer her customers a greater variety.

Her dream is to own her own house and for her children to become good professionals.
View original language description ↓
El banco comunal Mujeres de Esperanza está formado por 8 socias quienes son conocidas y tiene una gran amistad, laboran en diferentes actividades económicas las mismas que les permiten solventar los gastos de sus hogares y salir adelante con sus familias. Nuestras socias se caracterizan por su carisma, su alegría y por su cultura y tradiciones que aun la mantienen. Viven en diferentes lugares de la ciudad de Cuenca, esta ciudad es la tercera de mayor importancia económica del país, desde 1999 es Patrimonio Cultural de la Humanidad, esta bañada por 4 ríos, su gastronomía es muy variada y cautiva el paladar de propios y visitantes.

Una de las socias de este grupo es la Señora. María Orfelinda, tiene 40 años, es casada y en su unión conyugal ha concebido 6 hijos de 23, 18, 17, 15, 13, 10 años de edad, su primera hija trabaja y le ayuda económicamente, su segunda hija es casada y vive independiente, tres de sus hijos estudian en el colegio y su ultimo hijo está en una escuelita de la ciudad.

Doña María Orfelinda se dedica a realizar las tareas de su hogar y a tejer blusas y bufandas, actividad que aprendió desde hace 23 años de su madre, también desde hace 3 años se dedica a la venta de cosméticos de varias marcas.

Este es el primer crédito que realiza en el banco comunal y lo va a invertir comprado hilo para sus tejidos y cosméticos para ofrecer a su clientela una mayor variedad.

Sus sueños son tener su casa propia y que sus hijos lleguen a ser unos buenos profesionales.

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
  • 54
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mujeres De Esperanza (Cuenca) Group's $2,600 loan helped a member to buy thread and cosmetics.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2012
Listed
May 4, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2012