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Nuevos Senderos  (Cuenca) Group
In this Group: Marcela Elizabeth, María Beatriz, Eliana Elizabeth, Blanca Josefina, María Paztora, Elvia Margarita, Karla Estefania, Martha Cecilia*, Margarita Azucena
* not pictured
The 'Nuevos Senderos' community bank has nine [female] members who live in different parts of the city of Cuenca. This city is known for the beauty of its historic center which led to it being named a World Heritage Site in December 1999. The city is surrounded by four rivers and has beautiful places to visit. Our members are women who work in different business activities that allow them to cover their household expenses and provide for their families. They are kind, warm-hearted people who maintain the culture and traditions of their parents.

One of the members of this group is Margarita Azucena. She is 36 years old, married, and has four children who are 21, 20, 11 and 3 years old. Two of her children are studying at university and her two youngest are attending school in the city. Her husband works as a private employee. They do not own their own home but live in rental accommodation.

Margarita Azucena has been working as a private employee at an ice cream wholesalers for seven months. She works from Monday to Saturday, from 11.00am to 6.00pm. During back-to-school seasons, she sells all kinds of educational materials for making crafts.

Margarita Azucena has been a member of her community bank for one year and she will invest this loan in buying food for her household. Her dream is to own her own home.

The small photograph shows a member who could not be present when the group photo was taken. The child in the photo is the son of one of the members.
View original language description ↓
El banco comunal Nuevos Senderos está formado por 9 socias quienes viven en diferentes lugares de la ciudad de Cuenca, esta ciudad se caracteriza por la belleza de su Centro Histórico la que le dio el nombre de Patrimonio Cultural de la Humanidad en Diciembre de 1999, esta bañada por 4 ríos y cuenta con hermosos lugares para visitar Nuestras socias son mujeres que se dedican a varias actividades que les permiten solventar los gastos de sus hogares y sacar adelante a sus familias, son personas amables, gentiles y de un corazón cálido que aun mantienen la cultura y tradiciones de sus padres.

Una de las socias de este grupo es la Señora. Margarita Azucena, tiene 36 años, es casada y fruto de esa unión conyugal ha concebido 4 hijos de 21, 20, 11 y 3 años de edad, dos de sus hijos estudian en la Universidad y sus dos últimos hijos estudian en una escuelita de la ciudad. Su esposo labora como empleado privado, no tienen casa propia por lo que viven arrendando.

La Señora. Margaritac Azucena hace 7 meses labora como empleada privada en una distribuidora de helados, trabaja de lunes a sábados desde las 11 de la mañana hasta las 6 de la tarde. En temporadas de ingreso a clases vende todo tipo de material didáctico para la realización de manualidades.

En el banco comunal se encuentra hace un año y su crédito lo va a invertir en la compra de víveres para su hogar.

Su sueño es tener su casa propia.

La foto pequeña es de una socia que no pudo estar presente cuando se tomo la foto del grupo. El niño de la foto es hijo de una de las socias.

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
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $24,104,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nuevos Senderos (Cuenca) Group's $2,225 loan helped a member to buy food for her household.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2012
Listed
May 4, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2012