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Tres De Noiviembre  (Cuenca) Group
In this Group: María Rosa Marina, Deyci Beatriz, Rosario, María Cumanda, María De Los Dolores, Julia María, María Auxiliadora, María Etelvina, Ana Lucia, Luz Bertha, Digna Eulalia, Ana Lourdes
The 3 de Noviembre communal bank is comprised of 12 members who live in the Cumbe parish in the city of Cuenca. The city has a mountainous terrain and a cold climate. It is bathed by four rivers, which gift us with beautiful scenery to enjoy nature. The parish center is a mixture of colonial and modern architecture. The people are kind and very hard-working. They make a living in agriculture, livestock breeding, and many people work daily in the city or have migrated to other countries looking for a better future for their families.

One of the members of this group is María Cumanda. She is 27 years old, married, and has two children, ages six and two. Her oldest daughter goes to a local school. Her husband works as a security guard. They do not have their own house, so they live in an independent manner in her mother’s house.

María Cumanda devotes herself to the household chores and the care of her children because they are still little. However, in order to help her husband with the household expenses she sells blankets and quilts. She has been engaged in this business activity for two years, and she works during her free time and on the week-ends.

This is her third loan with her communal bank. She will use it to buy blankets and quilts in order to continue with the business. Her goal is to make her business bigger and to have her own place.
View original language description ↓
El banco comunal 3 de Noviembre está formado por 12 socias quienes viven por la parroquia Cumbe en la ciudad de Cuenca, lugar de clima frió, por su geografía accidentada nos regala hermosos paisajes para disfrutar de la naturaleza, su centro parroquial tiene una arquitectura colonial y moderna. Su gente es amable y muy trabajadora se dedican en especial a la agricultura, cría de animales, al comercio y muchos laboran en la ciudad o han migrado a otros países en busca de un mejor futuro para sus familias.

Una de las socias de este grupo es la Señora. María Cumanda, tiene 27 años, es casada y en su unión conyugal ha concebido 2 hijos de 6 y 2 años de edad, su primera hija está estudiando en una escuelita de la localidad. Su esposo presta los servicios como guardia de seguridad, no tiene casa propia por lo que vive en casa de su mamá pero independientes.

Doña María Cumanda se dedica a los quehaceres de su hogar y al cuidado de sus hijos ya que aun son pequeños, pero para ayudarle a su esposo con los gastos de la casa se dedica al comercio de cobijas y edredones, esta actividad la desempeña hace 2 años y trabaja en sus tiempos libres y fines de semana.

Se encuentra en el tercer crédito que realiza en el banco comunal y lo va a invertir en la
compra de cobijas y edredones para continuar con el negocio.

Su meta es agrandar su negocio y tener un local propio.


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
  • 39
    View loans »
    Ecuador Loans Fundraising
  • $23,146,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Tres De Noiviembre (Cuenca) Group's $6,000 loan helped a member to buy blankets and quilts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2012
Listed
Aug 4, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013