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El Paraiso (Cuenca) Group
In this Group: Ana Maruja, Sandra Isabel, Rosa Cecilia, María Gudelia, Lilia Soledad, Ma Dolores, Cesar Herminio, Pilar Amparito, Miriam Patricia, Luis Angel, Rosa Isabel, María Magdalena, Teresa Isabel, Martha Ximena, María Julia
The Communal Bank “El Paraíso” (Paradise) consists of 15 members, 13 women and 2 men. The group has been in existence for nine years. Some of the members have been with the group the entire time, while others have joined over the years. They live in the parish of Cumbe in the city of Cuenca, a place that has both ancient and modern architecture. The streets are colorful and the people are proud that they have maintained the culture and traditions of their ancestors. These members possess great charisma and have maintained a good sense of humor despite the adversities they have face in life. Every day they strive to find ways to move their families forward.


One of the members of this group is Sra. Miriam. She is 30 years old, married, and has four children (ages 9, 8, 5, and 3). Her three older children attend school in the city. Miriam’s husband is an operator at a saw mill. They own the house in which they live and it was acquired after they got married.


Doña Miriam spends most of her time at home taking care of her children since they are young. However, this enterprising woman also raises animals such as guinea pigs, chickens, pigs, and sheep and sells them in her community. Miriam also engages in farming, but what she harvests is only used for household consumption. She sells if there is a surplus. Her new loan will be invested in the purchase of pigs, guinea pigs, and feed for these animals.


Her goal is to have a vehicle of her own.

View original language description ↓
El banco comunal el Paraíso está formado por 13 socias y 2 socios desde hace 9 años, algunas socias se han mantenido todo este tiempo y otras han ido ingresando en el transcurso de estos años, viven por la parroquia de Cumbe en Cuenca, lugar con una arquitectura antigua y moderna, sus calles son coloridas por la vestimenta de su gente que se enorgullece mantener la cultura y tradiciones de sus pueblos. Las socias son mujeres que tienen un gran carisma y mantienen su buen humor a pesar de las adversidades de la vida, pero son luchadoras que día a día buscan la manera de sacar adelante a sus familias.

Una de las socias de este grupo es la señora Miriam, tiene 30 años, es casada y fruto de su unión conyugal ha concebido 4 hijos de 9, 8, 5 y 3 años de edad, sus tres primeros hijos están estudiando en una escuelita de la ciudad, su esposo es aserrador, la casa en la que viven es propiedad conyugal siendo el fruto del trabajo en su matrimonio.

Doña Miriam pasa la mayor parte de su tiempo en casa al cuidado de sus hijos quienes son pequeños, pero como es una mujer emprendedora cría animales como: cuyes, gallinas, cerdos y borregos a los que los vende en su comunidad. También se dedica a la agricultura y lo que cosecha es solo para el consumo de su hogar y si existe un sobrante lo vende.

Su nuevo crédito lo va a invertir en la compra de cerdos, cuyes y en alimento para sus animales.

Su meta es tener un vehículo propio.

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
  • 63
    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 El Paraiso (Cuenca) Group's $5,300 loan helped a member to buy pigs, guinea pigs, and animal feed.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013