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Nueva Ilusión  (Cuenca) Group
In this Group: Ana Victoria, María Lorena, Lourdes Beatriz, Libia Mercedes, María Francisca, Marithza Beatriz, Carmen Natalia *, Olga Bersabe
* not pictured
Nueva Ilusión (New Illusion) is a communal bank that was formed 5 years ago. It is made up of 8 members who are friends and neighbours who live in the vicinity of the parish of Cumbe in Cuenca, a place that has several places to enjoy nature and to leave the routine of the city. Its climate is cold but its people are warm-hearted like our members, who are women of great charisma who face adversity in the best way always thinking about the well-being of their families. Their greatest pride is that they still maintain the culture and traditions of their people.

One of the members of this group is Carmen who has been a member of the communal bank Nueva Ilusión for one and a half years. She is 37 years old, married and is the mother of 2 children ages 16 and 14 who are studying in a school in the city. Her husband works as a builder, work that he learned from his father. The house in which they live in is the fruit of their combined labours.

Carmen works at home taking care of the house and family but to help her husband with household expenses she raises pigs, chickens and guinea pigs which she sells in her community. She also farms and what she produces is consumed in the home.

She is going to invest the loan in the purchase of a calf to raise it and then sell it.

Her goal is to have more animals.
View original language description ↓
Nueva Ilusión es un banco comunal que está conformado hace 5 años, lo conforman 8 socias que son amigas y vecinas las cuales viven por los alrededores de la parroquia de Cumbe en Cuenca, lugar que tiene varios lugares para disfrutar de la naturaleza y salir de la rutina de la ciudad, su clima es frió pero su gente es de un corazón cálido, como nuestras socias quienes son mujeres de un gran carisma que enfrentan las adversidades de la mejor manera siempre pensando en el bienestar de sus familias, su mayor orgullo es que a aun mantienen la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. Carmen, forma parte del banco comunal Nueva Ilusión hace un año y medio, tiene 37 años de edad, es casada y es madre de 2 hijos de 16 y 14 años de edad que están estudiando en un colegio de la ciudad. Su esposo labora como albañil trabajo que lo aprendido de su padre, la casa en la que viven es el fruto del trabajo conyugal.

Doña Carmen se dedica al cuidado de su hogar y familia pero para ayudarle a su esposo con los gastos del hogar cría cerdos, gallinas y cuyes a los que los vende en su comunidad, también labora en la agricultura y lo que le produce es para el consumo de su hogar.

Su crédito lo va a invertir en la compra de una ternera para criarla y luego venderla.

Su meta es tener más animales.


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
  • 31
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Ilusión (Cuenca) Group's $3,500 loan helped a member to buy a calf.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013