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Sector Los Olivos  (Cuenca) Group
In this Group: Rosa Ines, Angelica María, Jessica Elizabeth, Luisa Del Carmen, María Dolores, Elvia De Jesús, William Geovany, Maria Teresa, Nancy Lorena
The Communal Bank “Sector Los Olivos” consists of nine members (eight women and one man) who are either relatives or neighbors. They live in a community that is in the parish of Turi in the city of Cuenca. This parish is known as the balcony of the city since it provides one with the vantage point of seeing a large part of the city of Cuenca. The people who live here engage in trade, livestock breeding, and agriculture. These friendly people, including the members of this group, strive to give their best efforts in their work each so that their families can get ahead. They have also maintained the culture and traditions of their ancestors.


One of the members of this group is Sra. Nancy, who is receiving her fourth loan from the “Sector Los Olivos” Communal Bank. She is 30 years old, married, and has five children (ages 9, 8, 5, 3, and 1). Her three oldest children attend a school in town. Her husband works as a driver for a construction company. They own their house and built it themselves.


Doña Nancy works at a nursery school Monday through Friday from 7 A.M. to 3 P.M. She also raises pigs, guinea pigs, and ducks at home and then sells the animals in her community. Nancy also engages in farming and the products she harvests are designated for household consumption. The money from her loan will be invested in the purchase of pigs and the appropriate feed. Her goal is to complete her house since it currently lacks a few finishing touches.


In the photo, the gentleman wearing a blue and black shirt is a relative of one of the members, so he is not part of this group.

View original language description ↓
El banco comunal Sector los Olivos está conformado por 8 socias y 1 socio quienes son familia y vecinos, viven por una comunidad perteneciente a la parroquia de Turi en Cuenca, esta parroquia es conocida como el mirador de la ciudad ya que desde allí se observa gran parte de la ciudad de Cuenca, su gente se dedica al comercio, cría de animales y agricultura, son personas amables como nuestras socias quienes dan cada día hacen su mejor esfuerzo en sus trabajos para sacar adelante a sus familias, aun mantienen viva la llama de su cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. Nancy, este es su cuarto crédito que realiza en el banco comunal Sector los Olivos, tiene 30 años de edad, es casada y en su unión conyugal ha concebido 5 hijos de 9, 8, 5, 3 y 1 año de edad, sus tres primeros hijos estudian en una escuelita de la localidad. Su esposo es de profesión chofer y presta sus servicios en una constructora, la casa en la que vive es de su propiedad construida en unión conyugal.

Doña Nancy labora hace 3 años en una guardería, ahí labora desde las 7 de la mañana hasta las 3 de la tarde de lunes a viernes, en su casa cría cerdos, cuyes y patos a los que los vende en su comunidad, también se dedica a la agricultura y lo que cosecha es para el consumo de su hogar.

El dinero de su crédito lo va a invertir en la compra de cerdos y en alimento para los mismos.

Su meta es terminar su casa ya que aun le hacen falta algunos acabados.

En la foto esta en Señor con camiseta azul que es pariente de una de las socias pero él no pertenece al grupo.

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
  • 23
    View loans »
    Ecuador Loans Fundraising
  • $22,853,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Sector Los Olivos (Cuenca) Group's $2,150 loan helped a member to buy pigs and animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013