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Grupo Virgen Del Cisne Group
In this Group: Mayra Gabriela, Maria Eugenia, Zoila Hercilia, Antonio De Jesus
Mayra, Maria Eugenia, Hercilia and Antonia make up the communal bank "Virgen del Cisne." The four women live in Santo Domingo de Los Tsáchilas, a city located between the coast and the Ecuadorian mountains. This city links the various Ecuadorian cities, making Santo Domingo a crucial point for Ecuadorian commerce. What's more, the city handles most of the livestock trade in the country. Its climate is humid and tropical; the temperature varies from 18 to 32 degrees centigrade. Santo Domingo is home to the Tsáchilas, an ethnic group that existed from before the colonial era. This city is also known for its production of fruit.

The group "Virgen del Cisne" is made up of 4 members who, based on a strong and good relationship, created their own businesses selling clothing, fruit and prepared meals. Mayra, 26, only completed elementary school. She has not yet started a family, because she wants to devote her energy to her business. Maria Eugenia, 61, is also single, and she invests her time and experience in her business as a merchant. Zoila Hercilia is 47 years old. She is the single mother of a son who she has to support. To do this, she works very hard to get ahead with her business. Antonia de Jesus, 54, is also a single mother and has 2 children. Even though she was not able to complete her high school education or go to college, Antonia dreams that her children will achieve this. Therefore, she wants the "Virgen del Cisne" group to prosper and the members to increase their earnings.

Although they are strongly motivated, it's difficult for these four enterprising women to increase their income because they lack capital. For this reason, they are requesting a Kiva loan so that they can buy more clothing and fruit in bulk to reduce the unit price, a table and chairs so that their customers will feel more comfortable, and to make other needed repairs. With this loan, they have faith that their businesses are going to be more profitable so that they can provide a better quality of life for themselves and their families.
View original language description ↓
Mayra, Maria Eugenia, Hercilia y Antonia forman el grupo Virgen del Cisne. Las cuatro viven en Santo Domingo de los Tsáchilas, ciudad ubicada entre la Costa y Sierra ecuatoriana. La ciudad es el enlace de varias ciudades del ecuador haciendo de Santo Domingo un punto crucial del comercio Ecuatoriano. Es más, la ciudad abarca la mayoría del mercado ganadero del país. El clima es tropical húmedo y tiene una temperatura que varía de los 18°C a 32°C. Santo Domingo es el hogar de los Tsáchilas, un grupo étnico que existe desde antes de la época colonial. La ciudad es también conocida por su producción de frutas.

El grupo Virgen del Cisne está compuesto por 4 integrantes que basadas en una fuerte y buena relación crearon un negocio de comercio de ropa, frutas, y comida preparada. Mayra tiene 26 años, tan solo logró completar sus estudios primarios, pero aun no empieza su familia por lo tanto puede dedicar sus energías al oficio. Maria Eugenia tiene 61 años de edad, tampoco tiene ningún compromiso, por lo tanto invierte su tiempo y experiencia en su oficio de comerciante. Zoila Hercilia tiene 47 años. Es madre soltera de un hijo al que tiene que mantener, por lo tanto trabaja duro para que el negocio salga adelante. A sus 54 años, Antonia de Jesús también es madre soltera de 2 hijos. A pesar de que ella no pudo continuar sus estudios secundarios ni superiores, Antonia sueña que sus hijos lo logran. Por lo tanto, quiere que el grupo de Virgen del Cisne prospere y pueda incrementar sus ingresos.

Aunque las ganas no faltan, es complicado para las cuatro mujeres emprendedoras incrementar los ingresos del negocio por la falta de capital. Es por esto que solicitan un crédito a Kiva para poder comprar más ropa y frutas para disminuir el precio unitario, sillas y mesa para que los clientes se sientan más cómodos, y para hacer otros arreglos necesarios. Con este préstamo, ellas tienen fe en que su negocio va a ser más próspero y poder brindarles una mejor calidad de vida para ellas mismas y sus familiares.

Additional Information

About Fundación Alternativa

Fundación Alternativa encourages entrepreneurship and provides sustainable financial and non-financial services that promote social and economic development in Ecuador. The organization focuses on serving poor and excluded populations through analysis of clients' living conditions and by providing business training and other support services in urban, rural and marginalized parts of the country.

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
  • 15
    View loans »
    Ecuador Loans Fundraising
  • $22,607,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Grupo Virgen Del Cisne Group's $2,300 loan helped a member to buy clothing and other merchandise to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2012
Listed
Jul 30, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013