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Nueva Esperanza  (Cuenca) Group
In this Group: Amanda De Jesús, María Baltazar, Mónica Catalina, Luz Aurora, Alexandra De La Nube, Angelita María, Alicia Mercedes, Juana Delia
The communal bank "Nueva Esperanza" [New Hope] is formed of eight women who work daily in different economic activities, which permit them to contribute and better the economy of their homes and ensure that their families get ahead. They are women who, in spite of adversities, keep smiling. They are all friends and live in different parts of the city of Cuenca, a city which is characterized by its cold climate, scenery, and the four rivers which run through it. Its historical center transports us to the past, and the warmth of the city's people, culture and traditions win the hearts of those who visit it.

One of the members of this group is Angelita, who is on her fourth loan from the communal bank "New Hope." She lives in the Monay sector of the city of Cuenca, is 24 years old, and is a single mother with three children who are 7, 3, and barely six months old. Her first child studies in a school in the city. She does not have a house of her own, thus she rents her home.

Angelita works from Monday to Saturday from 8 in the morning until 4 in the afternoon, in a restaurant where she has worked for five years. In her home she also works raising chickens, a business which she started with her first loan from the communal bank. She is going to invest her new loan in the purchase of chicken and chicken feed to keep growing in this same business. Her goal is to construct a bigger chicken shed to continue with her business.
View original language description ↓
El banco comunal Nueva Esperanza esta formado por 8 mujeres quienes trabajan a diario en sus diferentes actividades económicas, las mismas que les permiten aportar y mejorar la economía de sus hogares para salir adelante con sus familias, son mujeres que a pesar de las adversidades siempre se puede mantener una sonrisa, son todas amigas y viven en diferentes lugares de la ciudad de Cuenca, ciudad que se caracteriza por su clima frió, por sus paisajes y por sus 4 ríos que la bañan, su centro histórico nos transporta al pasado, la calidez de su gente, su cultura y tradiciones enamoran a quienes la visitan.

Una de las socias de este grupo es la Señora Angelita, se encuentra en el quinto crédito que realiza en el banco comunal Nueva Esperanza, vive por el sector de Monay en la ciudad de Cuenca, tiene 24 años de edad, es madre soltera de 3 hijos quienes de 7 y 3 años y su ultimo hijo de apenas 6 meses de edad, su primer hijo estudia en una escuelita de la ciudad, no tiene casa propia por lo que vive arrendando.

Ella trabaja de lunes a sábados y desde las 8 de la mañana hasta las 4 de la tarde en la atención de un restaurante en donde labora hace 5 años, en su casa también se dedica a la cría de pollos negocio el cual inicio con el primer crédito que realizo en el banco comunal.

Su nuevo crédito lo va a invertir en la compra de pollos y alimento para los mismos para seguir creciendo en esta actividad.

Su meta esconstruir un galpón de pollos más grande para continuar en esta actividad.


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
  • $22,854,475
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza (Cuenca) Group's $3,700 loan helped a member to buy chickens and chicken feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013