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Ilusiones  (Cuenca) Group
In this Group: Trancito María, Miriam Soledad, Fanny Isabel, Aida Guillermina, Eva Cecilia, Mariuxi Rubi, Zoila Rosario, Ana Magaly, María Hermelinda*, Jeannette Del Rocio
* not pictured
The communal bank “Ilusiones” (Hope) is made up of 10 members who live in a community in the Valle Parish, Cuenca. The place has a cool climate and is surrounded by lush vegetation and beautiful landscapes. The centre of the parish has a mixture of historical and modern architecture. The people of the parish earn their living through agriculture, farming animals, trade and many work in the city in different occupations.

The members of the communal bank are hard-working people who work each day to improve their financial situation and help their families get ahead. They are happy, charismatic women and they still maintain their village’s culture and traditions.

One of the members is Fanny. She is 23 years old, married and has 2 children, one child of three years and one child of one year and eight months. Her husband works as a bricklayer. They don’t have their own house and live in her mother’s house with whom they share the household expenses.

Fanny spends her time looking after the children who are still very young, but to contribute to the family’s income, three months ago she created a small shop in her house where she sells clothes. She works without any fixed opening hours Sunday to Sunday.

She has been a member of the communal bank for 2 years. She is asking for a loan to buy clothes so as to have a greater selection in her shop. Her goal is to expand her business into a boutique.
View original language description ↓
El banco comunal Ilusiones está formada por 10 socias, quienes viven por una comunidad de la parroquia del Valle en Cuenca, este lugar es clima frió y se encuentra rodeado de exuberante vegetación la cual permite admirar hermosos paisajes, su centro parroquial es una mezcla arquitectura antigua y moderna, su gente se dedica a la agricultura, cría de animales, comercio y muchos laboran en la ciudad ejerciendo diferentes actividades. Nuestras socias son personas trabajadoras que laboran día a día para mejorar su situación económica y sacar adelante a sus familias, son mujeres alegres carismáticas y aun mantienen la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. Fanny, tiene 23 años, es casada y fruto de su unión conyugal ha concebido 2 hijos de 3 y 1 año 8 meses. Su esposo labora como albañil, no tienen casa propia por lo que vive en casa de su mamá con quien comparte los gastos del hogar.

La Señora. Fanny se dedica a cuidar a sus hijos que aun están pequeños, pero para aportar a la economía de su hogar en su casa se ha colocado un pequeño local donde vende ropa hace 3 meses, labora sin horario y de domingo a domingo.

Es socia del banco comunal hace 2 años y su nuevo crédito lo va a invertir en la compra de ropa para tener un mayor surtido.

Su meta es agrandar su negocio hasta llegar a tener una boutique.



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
  • 38
    View loans »
    Ecuador Loans Fundraising
  • $23,216,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Ilusiones (Cuenca) Group's $3,800 loan helped a member to buy clothes.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2012
Listed
May 19, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012