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Luz Y Vida  (Cuenca) Group
In this Group: María Juana, Narcisa Yolamnda, Gloria Susana , Luvina Clementina, Rosario, Gloria Sabina*, José María, Martha María, María Cruz
* not pictured
Luz y Vida (Light and Life) is a Communal Bank composed of 8 women and 1 man. All the members daily engage in their activities, which allow them to pay for their households’ expense, to provide for their families and to improve their economic conditions. They are nice and gentle people who still maintain and follow their culture and traditions. They live in the outskirts of Cuenca, a town with many places to visit and where it is possible to enjoy natural beauties. Thanks to its architectural beauty, Cuenca is a UNESCO World Heritage Site since 1999.

Gloria Susana is one of the members od this group. She is 44 years old and she is a single mother of 5 children, aged 29, 27, 24, 21 and 19. He first two children have a job and they economically help her, two daughters are married and live independently and her youngest son is attending one of the schools in town. She lives in a rented house as she doesn’t have one of her own.

Gloria Susana has been engaged in selling clothes, shoes and various home products for one years; at the same time, she also breeds hens and “cuyes” (“cuy” is Quechua for Guinea pig), and she sells these animals in her community. She does not work fixed hours, but she works from Sunday to Sunday.

This is her second loan with her Communal Bank; the loan she is requesting will be used to buy shoes, clothes and home products to have a wider variety of products for her customers.

She dreams of having a house of her own.
View original language description ↓
El banco comunal Luz y Vida está formado por 8 socias y 1 socio quienes se dedican día a día a sus labores las mismas que le permiten solventar los gastos de sus hogares y sacar adelante a sus familias y mejorar su estabilidad económica, son personas amables, gentiles y aun mantienen la cultura y tradiciones de sus pueblos. Viven por las afueras de la ciudad de Cuenca, ciudad tiene varios lugares para visitar y disfrutar de la naturaleza, gracias a su belleza arquitectónica es desde Diciembre de 1999 Patrimonio Cultural de la Humanidad.

Una de las socias de este grupo es la Señora. Gloria Susana, tiene 44 años de edad, es madre soltera de 5 hijos de 29, 27, 24, 21 y 19 años de edad, sus dos primeros hijos trabajan y le ayudan económicamente, dos hijas son casadas y viven independientes, su último hijo está estudiando en una escuelita de la ciudad. No tiene casa propia por lo que vive arrendando.

La Señora. Gloria Susana hace un año se dedica a la venta de ropa, zapatos y varios artículos para el hogar, también cría gallinas y cuyes los que vende en su comunidad, trabaja de domingo a domingo sin un horario fijo.

Se encuentra en el segundo crédito que realiza en el banco comunal y lo va a invertir en la compra de zapatos, ropa y artículos para el hogar para tener una mayor variedad de productos para su clientela.

Su sueño es tener su casa propia.

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
  • 12
    View loans »
    Ecuador Loans Fundraising
  • $22,545,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Luz Y Vida (Cuenca) Group's $4,500 loan helped a member to buy shoes, clothes and home products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2012
Listed
May 22, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012