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Corazones Unidos  (Cuenca) Group
In this Group: María Mercedes, Graciela Dolores, Carolina Lissette, Alfonso Marcelo, Federico Guillermo, Ada Jovanny, Cinthia Carolina
The communal bank Corazones Unidos is made up of 5 women and 2 men who have been working mainly in food sales for some years. They are friendly, gentle, and have charisma. They live in Cuenca, a city with a cold climate, which is bathed by 4 rivers and has great natural richness and architecture, and was given the status of World Heritage site in December of 1999. Its people still keep the culture and traditions of their ancestors.

One of the members of this group is Ada, who is 52 years old. She is married and has 9 children. Three of the children are married and living independently, 2 of the children live at home helping in the household chores and her youngest son studies at a small city school. Her husband is a baker and also works in commerce. They do not own their own home and are renting.

Ada works selling chuzos (meat on a stick) on the pathway of her home, doing this activity for 3 years, working from Sunday to Sunday from 4:00PM in the afternoon until 7:00PM in the evening.

This is her first loan that she is asking for at the communal bank and she will invest the loan in buying soft drinks to expand her business by selling them.

As she enjoys cooking her dream is to have a dining facility.

The 2 girls pictured in the photo are daughters of one of the members.
View original language description ↓
El banco comunal Corazones Unidos está formado por 5 socias y 2 socios, quienes laboran en su mayoría en la venta de comida actividad que la desempeñan algunos años, son personas amables, gentiles y de un gran carisma. Viven en la ciudad de Cuenca, ciudad de clima frió, esta bañada por 4 ríos y tiene una gran riqueza natural y arquitectónica, desde Diciembre de 1999 es Patrimonio Cultural de la Humanidad, su gente aun mantiene la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. Ada, tiene 52 años de edad, es casada y en su unión conyugal ha concebido 9 hijos, 3 de sus hijos son casados y viven independientes, 2 de sus hijos pasan en casa ayudándole en los quehaceres del hogar y su ultimo hijo estudia en una escuelita de la ciudad. Su esposo es panificador y también se dedica al comercio, no tiene casa propia por lo que vive arrendando.

Doña Ada se dedica a la venta de chuzos (carne en palito) en la vereda de su casa, actividad que la viene desempeñando hace 3 años, labora de domingo a domingo desde las 4 de la tarde hasta las 7 de la noche.

Este es el primer crédito que está realizando en el banco comunal y su crédito lo va a invertir en la compra gaseosas para dedicarse a la venta de estas y así ampliar su negocio.

Como le gusta mucho cocinar su sueño es tener un comedor.

Las dos niñas de la foto son hijas 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
  • 100
    View loans »
    Ecuador Loans Fundraising
  • $24,212,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A portion of Corazones Unidos (Cuenca) Group's $2,700 loan helped a member to buy soft drinks.
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2012
Listed
Jun 3, 2012
Currency Exchange Loss:
N/A
Expired:
Jul 3, 2012