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El Cruce Hacia El Futuro  (Cuenca) Group
In this Group: María Angelita, Elsa Gladys, Rosa Del Cisne, Mónica Patricia, Diana Noemi, Mónica Jesenia, Zoila Encarnacion, Jenny Elizabeth, María Del Carmen*, María Eugenia, Gladis Blanca*, Narcisa Milena
* not pictured
The “El Cruce Hacia el Futuro” (Crossroad to the Future) communal bank has 12 members who live in Sinicay Parish located northeast of the city of Cuenca. This parish has many places to visit. Its residents raise animals, farm and also work in commerce. The members are enterprising women who are always looking for ways to improve their economy and move their families forward. They feel very proud for still preserving the native culture and traditions.

One of this group’s members is Mónica Jesenia, 34. She’s married and has two children who are 17 and 14 years old and are attending a local secondary school. Her husband is a merchant selling various products and they own the house they live in.

Mónica Jesenia works tending to her store, an activity she’s had for four years. She works Sunday through Sunday from 7am until 9pm and also finds time to care for her family.

She’s been a communal bank member for 15 years and will use her new loan to buy foodstuffs to continue stocking her store. Her goal is to make her store grow more and to have a bazaar and stationery shop.
View original language description ↓
El banco comunal El Cruce hacia el Futuro, está formado por 12 socias quienes viven en la parroquia de Sinicay que está ubicado al noroeste de la ciudad de Cuenca, esta parroquia tiene varios lugares para visitar, sus habitantes se dedican a la cría de animales, agricultura y también se dedican al comercio. Nuestra socias son mujeres emprendedoras que siempre están buscando los medios para mejorar su economía y sacar adelante a sus familias, se sienten muy orgullosas de mantener la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. Mónica Jesenia, tiene 34 años, es casada y fruto de su unión conyugal ha concebido 2 hijos de 17 y 14 años de edad que estudian en un colegio de la ciudad. Su esposo se de dedica al comercio de varios productos, la casa en la que habitan es de su propiedad.

La Señora. Mónica Jesenia se dedica a la atención de su tienda, actividad que la desempeña desde hace 4 años, trabaja de domingo a domingo desde las 7 de la mañana hasta las 9 de la noche, también se da el tiempo para cuidar de su familia.

Es socia del banco comunal hace 15 años y su nuevo crédito lo va a invertir en la compra de víveres para seguir surtiendo su tienda.

Sus metas son crecer más en su tienda y tener un bazar y papelería.

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
  • 33
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of El Cruce Hacia El Futuro (Cuenca) Group's $5,300 loan helped a member to buy foodstuffs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 4, 2012
Listed
Aug 2, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013