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San Luis De Cumbe  (Cuenca) Group
In this Group: María Raquel , Julia Rebeca, María Lorgia, María Josefa, Rosa María, Mario Gonzalo, Juan Bautista, Luis Alberto, Rosa Etelvina, Rosa Amalia, Segunda Mercedes
The “San Luis de Cumbe” communal bank is composed of 8 female and 3 male members who work in a variety of economic activities making it possible for them to contribute to their home’s economies. They work in different activities like agriculture, commerce and animal husbandry; many work in the city. They live in Cumbe Parish in Cuenca. This is a cold climate place; its architectural structure blends the modern with the ancient and nature in the sector takes us out of the city’s noise letting us live moments of peace and tranquility. Its residents still maintain the culture and traditions of its peoples.

One of the group members is Rosa María. She’s 53 years old, married and has five children who are all now adults. Three of them are married and live on their own and two are single and work to cover their personal expenses. Her husband works in agriculture and the house she lives in is her property.

Rosa María stays home doing household chores and her business is raising animals like guinea pigs, fowl, pigs, cattle and sheep that she sells in her community. She also works in agriculture and her crops are for her own consumption.

She’s in her second loan with the communal bank and she will use it to buy a cow. Her goal is to have a home-based store.
View original language description ↓
El banco comunal San Luís de Cumbe está formado por 8 socias y 3 socios quienes laboran diariamente en distintas actividades económicas las misma que le permiten aportar a la economía de sus hogares, laboran en diferentes actividades como la agricultura, comercio y cría de animales, muchos laboran en la ciudad. Viven por la parroquia de Cumbe en Cuenca, este lugar es de clima frió, su estructura arquitectónica se mezcla entre lo moderno y antiguo, la naturaleza del sector nos saca del ruido de la ciudad haciéndonos vivir momentos de paz y tranquilidad, su gente aun mantiene la cultura y tradiciones de sus pueblos.

Una de las integrantes de este grupo es la Señora. Rosa María, tiene 53 años, es casada y en su unión conyugal ha concebido 5 hijos quienes son todos mayores de edad, 3 de ellos son casados y viven independientes, 2 son solteros y trabajan para solventar sus gastos personales. Su esposo labora en la agricultura, la casa en la que vive es de su propiedad.

Doña Rosa María pasa en casa realizando los quehaceres de su hogar y su negocio es la cría de animales como: cuyes, aves, cerdos, ganado y borregos los que vende en su comunidad. También trabaja en la agricultura y sus cosechas son para su consumo.

En el banco comunal se encuentra en su segundo crédito y lo va a invertir en la compra de una vaca.

Su meta es tener una tienda en su casa.

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
  • 96
    View loans »
    Ecuador Loans Fundraising
  • $24,212,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of San Luis De Cumbe (Cuenca) Group's $4,300 loan helped a member to buy a cow.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2012
Listed
May 6, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012