Check out some available loans that are similar to this one!
Primero De Enero  (Cuenca) Group
In this Group: Silvana Patricia, Mónica Eulalia, Ana Lucia, Gladys Edid, María Eulalia, Diana Elizabeth, María Alicia*, Juan Javier
* not pictured
The communal bank Primero de Enero is comprised of seven women and one man who live in the Valle Parish which is located five kilometers from the city of Cuenca. Its people work in agriculture, livestock farming and commerce, and many work throughout the city in different business activities in order to improve the economic situation of their households. Our members are hard-working, warm-hearted entrpreneurs, whose greatest virtue is that they still maintain the culture and traditions of their villages.

One of the members of the group is María Eulalia, 21 and single, who lives with her parents. Her father is a bricklayer and her mother works as a domestic employee. The house they live in is their own.

María Eulalia raises and sells chickens and guinea pigs. She also works at her grandmother's store, where she has been working for a few years.

This is her second loan through the communal bank and she plans to use it to stock her grandmother's store so there will be more variety.

Her goal is to finish her university education, as she was studying Business Administration but due to economic reasons was unable to continue.

The small picture is of a member who could not be present for the group photo.
View original language description ↓
El banco comunal Primero de Enero está formado por 7 socias y 1 socio quienes viven por la parroquia del Valle que se encuentra a 5 km de la ciudad de Cuenca, es de clima frió, tiene varios lugares para disfrutar de la naturaleza como es la colina de Tasqui desde donde se puede ver la parroquia y la ciudad de Cuenca. Su gente se dedica a la agricultura, cría de animales, al comercio y muchos laboran en la ciudad ejerciendo diferentes actividades económicas, las que le permiten mejorar la situación económica de sus hogares. Nuestras socias son mujeres trabajadoras y emprendedoras de un corazón cálido, su mayor virtud es que aun mantienen la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señorita. María Eulalia, tiene 21 años de edad, es soltera y vive con sus padres, su papá es albañil y su mamá trabaja como empleada domestica, la casa en la que habitan es propiedad de un familiar.

La Señorita. María Eulalia se dedica la cría y venta de pollos y cuyes, también labora en la tienda que tiene su abuelita y se encuentra hace algunos años realizando esta actividad.

Este es el segundo crédito que realiza en el banco comunal y lo va a invertir en la compra de víveres para surtir la tienda de su abuelita para tener mayor variedad.

Su meta es de llegar a culminar sus estudios universitarios ya que se encontraba siguiendo la carrera de Administración de Empresas pero por motivos económicos no ha podido continuar estudiando.

La foto pequeña es de una socia que no pudo estar presente cuando se tomo la foto del grupo.

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
  • 51
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Primero De Enero (Cuenca) Group's $5,300 loan helped a member to buy groceries.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2012
Listed
Aug 2, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013