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Eugenio Espejo  (Cuenca) Group
In this Group: Oliva, Tania Alexandra, Martha Lorena, María Teresa, Rosa Elena, Piedad Alexandra*, Mayra Elizabeth, Dolores Esther, Ana Beatriz, María Teresa*, Merenica Del Rocio, Diana Moncerath, Nancy Victoria
* not pictured
The “Eugenio Espejo” communal bank has 13 members, all women who thanks to their friendship have formed this communal bank. They work in different activities that allow them to improve their home economy. They are hardworking women who despite life’s adversities are always quick with a smile. They live in different parts of the city of Cuenca. This city has a cold climate and is the country’s third most important. Since December, 1999, it’s been a Cultural Heritage of Humanity and it has several places in which to enjoy nature.

One of the bank members is Dolores. She was invited to join the Eugenio Espejo communal bank by a girlfriend and this is her first loan. She lives in the Miraflores sector of the city of Cuenca. She’s 58-years-old, married and has four children. Three of them are married and live independently and her single daughter works and helps her out economically. Her husband is abroad since he emigrated in search of better opportunities to move his family forward. She owns the house she lives in.

To help her husband with household expenses, Dolores works Monday through Saturday in a small restaurant she has. She’s been in business five years and has a select clientele. She will use the loan to buy table settings and ingredients to prepare her dishes. Her goal is to grow more in business.
View original language description ↓
El banco comunal Eugenio Espejo está conformado por 13 mujeres que gracias a su amistad han formado este banco, se dedican a laborar en diferentes actividades que les permiten mejorar la economía de sus hogares, son mujeres luchadoras ya que a pesar de las adversidades que les presenta la vida siempre están dispuestas a regalar una sonrisa. Viven en diferentes lugares de la ciudad de Cuenca, esta ciudad tiene un clima frió, es la tercera ciudad más importante del país, es desde Diciembre de 1999 Patrimonio Cultural de la Humanidad y tiene varios lugares para disfrutar de la naturaleza.

Una de las socias de este grupo es la Señora Dolores, fue invitada por una amiga a formar parte del banco comunal Eugenio Espejo, este es su primer crédito. Vive por el sector de Miraflores en la ciudad de Cuenca, tiene 58 años de edad, es casada y fruto de su unión conyugal ha concebido 4 hijos quienes 3 de ellos son casados y viven independientes, su hija soltera trabaja y es quien le ayuda económicamente. Su esposo no se encuentra en el país ya que ha migrado en busca de mejores oportunidades para sacar adelante a su familia, la casa en la que vive es de su propiedad.

Doña Dolores para ayudar a su esposo con los gastos del hogar trabaja de lunes a sábados en un pequeño restaurante que tiene, esta actividad la desempeña hace 5 años y cuenta con una clientela selecta.

Su crédito lo va a invertir en la compra de vajillas y víveres para la preparación de sus platos.

Su meta es crecer más en su negocio.

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

  • $10,600
    Average annual income
  • 58
    View loans »
    Ecuador Loans Fundraising
  • $24,312,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Eugenio Espejo (Cuenca) Group's $6,700 loan helped a member to buy food and table settings.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 4, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013