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Nueva Ilusión  (Cuenca) Group
In this Group: Ana Victoria, María Lorena, María Rosa, Libia Mercedes, María Francisca, Marithza Beatriz, Dolores Beatriz, Carmen Natalia *, Olga Bersabe
* not pictured
The Communal Bank "Nueva Ilusión" (New Illusion) consists of nine members, most of whom live in the parish of Cumbe in Cuenca. This parish has different places where one can appreciate nature. The weather is cold and the central part of the parish is a mixture of the modern and the colonial. All of the members are friends and acquaintances. These women have warm, friendly, and kind hearts. They engage in agriculture, the raising of animals, and trade. In addition, they have maintained the culture and traditions of their people.


One of the members of this group is Sra. María Francisca. She is a native of the parish of Quingeo but now lives in the city. María Francisca is 49 years old and a single mother of five children (ages 22, 20, 18, 16, and 6). Her first three children work and help out financially. Her fourth child is in high school and the youngest child, a daughter, attends an elementary school in the city. María Francisca does not own a home, so she lives in a rental property.


Doña María Francisca is a farmer who grows vegetables to sell. When her land needs to be tilled, she requests the help of others. María Francisca also raises chickens and guinea pigs to sell. The money from her loan will be invested in the purchase of chickens and feed for her animals. Her goal is to buy a plot la land in the city of Cuenca.

View original language description ↓
El banco comunal Nueva Ilusión está formado por 9 socias quienes en su mayoría viven por la parroquia Cumbe en Cuenca, esta parroquia cuenta con diferentes lugares para apreciar la naturaleza, es de clima frió y su centro parroquial es una mezcla de lo moderno y lo colonial. Nuestras son todas amigas y conocidas, son mujeres de un corazón muy cálido, amables y gentiles, se dedican a la agricultura, cría de animales, al comercio, aun mantienen la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. María Francisca, es oriunda de la parroquia de Quingeo y ahora vive más en la ciudad, tiene 49 años, es madre soltera de 5 hijos de 22, 20, 18, 16 y 6 años de edad, sus tres primeros hijos trabajan y ayudan económicamente, su cuarto hijo estudia en el colegio y su última hija estudia en una escuelita de la localidad. No tiene casa propia por lo que vive arrendando.

Doña María Francisca se dedica a la agricultura, siembra hortalizas para la venta y cuando le llaman trabaja labrando terrenos ajenos, también cría pollos y cuyes para la venta.

El dinero de su crédito lo va a invertir en la compra de pollos y en alimento para sus animales.

Su meta es de comprarse un terreno en la ciudad de Cuenca.

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
  • 58
    View loans »
    Ecuador Loans Fundraising
  • $23,551,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Ilusión (Cuenca) Group's $3,650 loan helped a member to buy chickens and animal feed.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2012
Listed
May 19, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012