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Baños  (Cuenca) Group
In this Group: Teresa Carlota, Enma Guadalupe, Marcia Reveca, Liliana Del Rosario, Lucia Oliva, Ana Magdalena, Kerly Tatiana
The Baños communal bank is made up of 7 women who live in the Baños parish in Cuenca. This place is a tourist attraction because of its thermal baths where pleasant times can be enjoyed with family. Its cuisine attracts the palate of its own people and of visitors. Its people are characterized by their hospitality and charisma. They maintain the culture and traditions of their people, working every day to improve the financial stability of their homes.

One of the members of this group is Enma and she is taking out her first loan with the Baños communal bank. She is 32, married and has two children aged 12 and 4. Her oldest daughter is in high school. Her husband works as an employee in a private business. The house they live in is rented.

Enma is from the Santa Rosa canton in the Oro province. She came to Cuenca 8 years ago to improve her quality of life. Right now she does houework and cares for her children but with this loan she is going to start a clothes selling business.

She will invest the loan in buying cclothes to start the business.

Her goal is to own her own home in the city.
View original language description ↓
El banco comunal Baños este conformador por 7 señoras que viven por la parroquia de Baños en Cuenca, este es un lugar turístico por sus aguas termales en donde se puede disfrutar de momentos amenos con la familia, la variedad de su gastronomía cautiva el paladar de propios y extraños. Su gente se caracteriza por su hospitalidad y carisma, son personas que mantienen la cultura y tradiciones de sus pueblos, trabajan a diario para mejorar la estabilidad económica de sus hogares.

Una de las socias de este grupo es la Señora. Enma y se encuentra realizando el primer crédito en el banco comunal Baños. Tiene 32 años de edad, está casada y en su unión conyugal ha concebido 2 hijos de 12 y 4 años de edad, su primera hija estudia en el colegio. Su esposo labora como empleado privado, la casa en la que viven es arrendada.

Doña Enma es oriunda del cantón Santa Rosa provincia del Oro, ha llegado a la ciudad de Cuenca hace 8 años para mejorar su calidad de vida, por el momento se dedica a los quehaceres de su hogar y al cuidado de sus hijos pero con este crédito va a iniciar el negocio de venta de ropa.

Su crédito lo va a invertir en la compra ropa de todo tipo para iniciar en este negocio.

Su meta es de llegar a tener su casa propia en la ciudad.

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
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Baños (Cuenca) Group's $2,575 loan helped a member to buy clothes.
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