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Unión Y Fuerza  (Junín) Group
In this Group: Martha Johana, Celita Moncereate, Magaly Floridalva, Deisy Auxiliadora, Martha Cecilia, Placida Trinidad, María Lorena, María Alexandra*, Tulio Alfredo, Carmen Alejandra, María Bertilina, Marcia Auxiliadora, Dolores Isabel, Marlon Mauricio, Letty Ramonita, Alexis María*
* not pictured
The Unity and Strength Communal Bank meets every fifteen days in the Junín region; this area is known for its kind and hardworking people. The best liquor in the province and in all of Ecuador is distilled here.

This is a group of people who decided to come together and form a Communal Bank, which has benefited them greatly, since with the loans they have been able to improve their small businesses. They are employed in diverse activities, such as business, the services, and food sales, among others.

In this place, we met Letty. She is 41 years old and is in a common-law marriage from which she has four children – one adult and three others ages 16, 12, and 10 years, who are still in school. Her husband works in agriculture.

In order to earn an income and help her husband with the household expenses, some years ago our friend assisted him in constructing a small farmyard where they raise pigs. Little by little, they also built a small chicken coop. She tells us that this has allowed them to help their children with school expenses. She buys the animals when they are young, raises them for three months, and later delivers them to merchants in the local market; her children and husband help her out.

This loan is for the purchase of food and medications for both the chickens and the pigs. She has been with the Communal Bank since its inception, and she likes it because of the assistance that the bank offers her. Her dream is that her children will have a good education. In the photograph is the loan supervisor; she is the woman with glasses in the center of the picture, wearing a blue and yellow shirt.
View original language description ↓
EL Banco Comunal Unión Y Fuerza se reúne cada quince días en el cantón Junín, este lugar se lo conoce por su gente amable y trabajadora y porque en este lugar se destila el mejor aguardiente de la provincia y del Ecuador.

Este es un grupo de personas que decidieron unirse y formar este Banco Comunal que les ha servido de mucho ya que con los créditos, ellos han podido mejorar sus pequeños negocios. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.

En este lugar conocimos a la señora Letty, tiene 41 años de edad, mantiene una relación de unión libre de la cual tienen cuatro hijos, uno de ellos mayores de edad y tres de 16, 12 y 10 años que estudian en colegio. Su marido se dedica a la agricultura.

Nuestra amiga para ganar algo y con esto poder ayudara a su esposo con los gastos del hogar, desde hace varios años atrás con la ayuda de su marido construyeron un pequeño corral en el cual se dedica a la cría de chanchos, después y poco a poco también construyeron un pequeño galpón para la cría de pollos, nos cuenta que esto le ha servido para poder ayudar a sus hijos con los gastos que generan sus estudios, ella compra los animalitos cuando están pequeños, los mantiene por tres meses y luego los entrega a comerciantes en el mercado local, le ayudan sus hijos y su marido.

Este crédito es para comprar alimento y medicinas tanto para los pollos como para los chanchos. Esta desde el inicio en el Banco comunal y le gusta por la ayuda que le brinda el banco.

Su sueño es que sus hijos tengan una buena educación.

En la foto se encuentra La supervisora de crédito, es la señora con lentes que está en el centro de la foto con una camiseta azul con amarillo.

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
  • 14
    View loans »
    Ecuador Loans Fundraising
  • $22,524,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Unión Y Fuerza (Junín) Group's $5,900 loan helped a member to buy food and medications for chickens and pigs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2012
Listed
Jul 7, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012