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Tierra Fértil  (Cuenca) Group
In this Group: Aida Elena, Juana Catalina, Luz Angelita, Jeanneth Maribel, Delia Florencia, María Teresa, Mónica Cecilia, Alexandra Patricia, María Cristina, Rosa Isabel
The “Tierra Fértil” (Fertile Ground) communal bank has ten members who live in Valle Parrish located in the southeast part of the city of Cuenca. It has a cold climate and several places to apt for family outings. Its residents raise animals, farm and are merchants; many of them go out to work in various jobs in the city to cover household expenses. They are kind, pleasant people who preserve the culture and traditions of their peoples.

One of this group’s members is Aída, 62. She’s married and has five children who are all adults now. Three of her children are married and live on their own, one is a university graduate and the youngest is attending university. Her husband works as a caretaker and the house she lives in is hers.

Aída does household chores and cares for her grandchildren. She also raises pigs and cows at home to sell and also works in agriculture but her crops are only for home consumption.

She’s been a member of the communal bank for four and a half years and will use her new loan to buy pigs. Her dream is to have a home-based store.
View original language description ↓
El banco comunal Tierra Fertil está formado por 10 socias quienes viven por los alrededores de la parroquia del Valle que está ubicada en la parte suroriental de la ciudad de Cuenca, es de clima frió, tiene varios lugares para visitar y vivir momentos familiares. Su gente se dedica a la cría de animales, agricultura y comercio, muchos salen diariamente a la ciudad a ejercer diferentes actividades para solventar los gastos de sus hogares, son personas amables, gentiles y aun mantienen la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. Aída, tiene 62 años, es casada y en unión conyugal ha concebido 5 hijos quienes todos son mayores de edad, 3 de sus hijos son casados y viven independientes, un es egresado de la universidad y su ultimo hijo está cursando los estudios universitarios. Su esposo labora como conserje, la casa en la que vive es de su propiedad.

Doña Aída se dedica a los quehaceres de su hogar y al cuidado de sus nietos, también en casa cría y vende cerdos y vacas, también se dedica a la agricultura y sus cosechas son solo para el consumo de su hogar.

Es socia del banco comunal hace cuatro año y medio y su nuevo crédito lo va a invertir en la compra de cerdos.

Su sueño es tener un tienda en su casa.

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
  • 65
    View loans »
    Ecuador Loans Fundraising
  • $23,510,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Tierra Fértil (Cuenca) Group's $2,500 loan helped a member to buy pigs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2012
Listed
Aug 14, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013