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Camino Al Progreso  (Cuenca) Group
In this Group: Sonia Alejandrina, Rosa Elena, María Carmen , Jessica Patricia , María Avelina, Nancy Margarita, María Bertha, Rosa Elvira*, Trancito, María Eloisa, Diana Del Rocio, María Rosa
* not pictured
The “El Camino al Progreso” (The Road to Progress) communal bank has 12 members who live in different parts of Turi Parish in Cuenca. This parish is known as “La Merced de Turi” and is located in the southeast of the city. It is very popular because a great part of the city of Cuenca can be observed from there. It’s also knows as “El Balcón Cuencano” [The Cuenca Balcony]. Its residents, like our members, are nice, kind people who raise animals, farm and are merchants. Many go out daily to work in various jobs in the city. They preserve the culture and traditions their parents have instilled in them.

One of the members of this group is María Eloisa, 34. She’s married and has had three children who are 14, 11 and 3 years of age. Her oldest daughter attends secondary school and her second daughter the little local elementary school. Her husband’s a painter by profession and the house they live in is theirs.

María Eloisa does her household chores but since they live in the countryside she works in agriculture. She plants vegetables and greens both for home consumption and to sell; she also raises pigs and chickens, activities she’s been doing for several years.

This is the second loan she’s taken with the communal bank and she will use it to buy animal and pig feed. Her goals are to grow as a pig farmer and to own a farm.
View original language description ↓
El banco comunal El Camino al Progreso está formado por 12 socias, quienes viven en diferentes sectores de la parroquia Turi en Cuenca, esta parroquia es conocida como la Merced de Turi, se encuentra al sureste de la ciudad, es muy visitada ya que desde allí se puede observar gran parte de la ciudad de Cuenca, también es conocida como el Balcón Cuencano. Su gente al igual que nuestras socias son personas amables, gentiles, se dedican a la cría de animales, agricultura y comercio, muchos salen diariamente a la ciudad a ejercer en diferentes plazas de trabajo, aun mantienen la cultura y tradiciones que sus padres les han inculcado.

Una de las socias de este grupo es la Señora. María Eloisa, tiene 34 años, es casada y en su unión conyugal ha concebido 3 hijos de 14, 11 y 3 años de edad, su primera hija estudia en el colegio y su segunda hija en una escuelita de la localidad. Su esposo es pintor de profesión, la casa en la que viven es de su propiedad.

Doña María Eloisa se dedica a los quehaceres de su hogar y como vive en el campo trabaja en la agricultura, siembra hortalizas y verduras las mismas que son para el consumo de su hogar y para la venta, también cría y vende cerdos y pollos, estas actividades las realiza hace varios años.

Este es el segundo crédito que realiza en el banco comunal y lo va a invertir comprando alimento para animales y cerdos.

Sus metas son crecer en la cría de cerdos y tener un granja.

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
  • 41
    View loans »
    Ecuador Loans Fundraising
  • $23,096,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Camino Al Progreso (Cuenca) Group's $4,800 loan helped a member to buy animal and pig feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013