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Racar Bajo  (Cuenca) Group
In this Group: Zoila Paulina, Delia Elizabeth, Julio Santiago, Milton Patricio, Mayra Liliana, Segundo Gerardo, Aida María, Guadalupe Del Rocio
The Racar Bajo communal bank is comprised of 5 women and 3 men members. Most of them are family. They devote themselves to making bricks and tiles. This business activity is the tradition of their parents. They also raise animals, and many work at different business activities in the city.

The Racar en Cuenca community is surrounded by abundant vegetation. Its people still keep their culture and traditions alive.

Delia is one of the members of this group. Delia has been a member of the Racar Bajo communal bank for two years. She is married and has four children, ages 10, 9, 7, and 5. The children go to a school in the area. Her husband works making tiles. They do not have their own house, so the live in her mother’s house and share expenses.

Delia spends her time at home taking care of her children. She also helps her husband with expenses. She raises guinea pigs and chickens that she sells in her community. She also helps her husband making the bricks, which is an art she learned from her parents.

She will use her loan to buy clay in order to continue with the brick making business.

Her goal is to build her house and that her children come to be professionals.
View original language description ↓
El banco comunal Racar Bajo está formado por 5 socias y 3 socios quienes en su mayoría son familia y se dedican a la elaboración de ladrillos y tejas, esta actividad es tradición de sus padres, también crían animales y muchos laboran en la ciudad ejerciendo diferentes actividades económicas. La comunidad de Racar en Cuenca se encuentra rodeada abundante vegetación y su gente aun mantiene viva la llama de su cultura y tradiciones.

Una de las socias de este grupo es la Señora. Delia, es socia del banco comunal Racar Bajo hace 2 años. Tiene 30 años de edad, es casada y fruto de su unión conyugal ha concebido 4 hijos de 10, 9, 7 y 5 años que estudian en una escuelita de la localidad. Su esposo labora en la elaboración de tejas, no tienen casa propia por lo que viven en la casa de su mamá compartiendo gastos.

Doña Delia pasa en casa al cuidado de sus hijos y también le ayuda a su esposo a solventar los gastos del hogar, ella se dedica a la cría de cuyes y pollos los que vende en su comunidad, también le ayuda a su esposo en la elaboración de los ladrillos arte que aprendió de sus padres.

Su crédito lo va a invertir en la compra de arcilla para continuar con el negocio de los ladrillos.

Su meta es construir su casa y que sus hijos lleguen a ser buenos profesionales.

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
  • 33
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Racar Bajo (Cuenca) Group's $1,950 loan helped a member to buy clay.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013