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Ilusiones  (Cuenca) Group
In this Group: Trancito María , Miriam Soledad, Fanny Isabel, Aida Guillermina, Eva Cecilia, Rosa, Zoila Rosario, Ana Magaly, Jannette Del Rocio
Ilusiones Communal Bank is made up of nine women entrepreneurs who strive every day to improve the financial stability of their homes and to get ahead with their families. They work in various jobs that allow them to be financially independent. They live in different parts of the city of Cuenca, known for its cold climate and a mix of colonial and modern that gives the city a quaint and special character. The people still preserve the culture and traditions of their ancestors.

One of the members of this group is Transito. She's on the fourth loan with her communal bank. She lives in the community of San Miguel in the parish of El Valle in Cuenca. She's 47 years old and divorced, and from her marriage has two adult children who study in a university in the city. The house they live in is the fruit of her efforts and her husband's.

Transito has worked in her store for 25 years. She makes the most of her own place to make and sell fast food. She works every day of the week without a set schedule. She also raises animals such as pigs, chickens, and guinea pigs, which she sells when they're fattened.

She's going to invest her loan in buying provisions to supply her store.

Her goal is to improve her little house because it has deteriorated over time.
View original language description ↓
Ilusiones es un banco comunal que está conformado por 9 mujeres emprendedoras que luchan día a día para mejora la estabilidad económica de sus hogares y para salir adelante con sus familias, trabajan en distintas actividades las que le permiten ser independientes económicamente. Viven en diferentes lugares de la ciudad de Cuenca, esta ciudad se caracteriza por su clima frió, es una ciudad que se mezcla entre lo colonial y lo moderno lo cual le regala a la ciudad su toque pintoresco y especial, su gente aun mantiene la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. Transito, se encuentra en el cuarto crédito que realiza en conjunto en su banco comunal, vive por la comunidad de San Miguel en la parroquia del Valle en Cuenca, tiene 47 años, es divorciada y en su unión conyugal ha concebido 2 hijos quienes son mayores de edad y están estudiando en una universidad de la ciudad, la casa en la que viven es el fruto del esfuerzo conyugal.

Doña Transito se dedica hace 25 años a la atención de su tienda, en su mismo local aprovecha para preparar y vender comida rápida, su trabajo lo realiza de domingo a domingo sin un horario fijo. También cría animales como: cerdos, pollos y cuyes que los vende cuando ya están gordos.

Su crédito lo va a invertir en la compra de víveres para surtir su tienda.

Su meta es mejorar su casita ya que por el tiempo se ha deteriorado.

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
  • 15
    View loans »
    Ecuador Loans Fundraising
  • $22,541,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Ilusiones (Cuenca) Group's $5,400 loan helped a member to buy provisions.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013