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Los Laureles  (Cuenca) Group
In this Group: María Manuela, Bilma Alejandrina, Norma Jhaquelin, Rosa Ana, Blanca Isabel, Luis Norberto, Mariuxi Elizabeth
The “Los Laureles” communal bank has six female members and one male member who work in various activities but especially in field work like raising animals and farming. These activities allow them to cover household expenses and improve their economic stability. They are nice, kind and very cordial people. They live in Portete Parish in Cuenca, a place with a cold climate. Its extensive plains make it apt for raising cattle. It has various places to visit and enjoy nature.

One of this group’s members is Bilma, 29. She’s married and has two children who are 7 and 6 years of age and attend the local elementary school. Her husband works in whatever jobs he can get but his specialty is bricklaying. They own the house they live in.

Bilma has been working embroidering since the age of 12. She works from home Monday through Saturday with no fixed work schedule. She learned this activity on the job. She also raises cattle, pigs, guinea pigs and chickens to sell.

This is the fourth loan she’s taken in the communal bank and she will use it to buy thread and fabric to continue with her business. Her goal is to enlarge her house.

The small photo is of a member who was unable to be present when the group photo was taken.
View original language description ↓
El banco comunal Los Laureles está formado por 6 socias y 1 socio quienes trabajan en diferentes actividades pero en especial a las labores del campo como la cría de animales y la agricultura, estas actividades les permiten solventar los gastos de sus hogares y mejorar su estabilidad económica, son personas amables, gentiles y muy cordiales. Viven por la parroquia Victoria del Portete en Cuenca, lugar que tiene un clima frió, sus extensas llanuras son propicias para la cría de ganado, tiene diversos lugares para visitar y disfrutar de la naturaleza.

Una de las socias de este grupo es la Señora. Bilma, tiene 29 años, es casada y en su unión conyugal ha concebido 2 hijos de 7 y 6 años de edad, quienes estudian en una escuelita de la localidad. Su esposo labora en cualquier trabajo que le salga, pero su fuerte es la de albañil, la casa en la que viven es de su propiedad.

Doña Bilma desde que tenía 12 años se dedica al arte del bordado, labora desde su casa de lunes a sábados sin un horario fijo, esta actividad aprendió trabajando. También cría y vende ganado, cerdos, cuyes y gallinas.

Este es el cuarto crédito que realiza en el banco comunal y lo va a invertir en la compra de hilos y telas para continuar con su negocio.

Su meta es ampliar su casa.

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

  • $10,200
    Average annual income
  • 21
    View loans »
    Ecuador Loans Fundraising
  • $22,604,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Los Laureles (Cuenca) Group's $2,250 loan helped a member to buy fabric and thread.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2012
Listed
Aug 2, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013