Check out some available loans that are similar to this one!
Buena Esperanza Group
In this Group: Narcisa De Jesús, María Luisa, Juana Remigia, Laura María , Julia Dolores, Juan Patricio, Miguel Angel
This is the first loan the “Buena Esperanza” (Good Hope) communal bank takes out. It has five female and two male members who work every day in various economic activities that allow them to cover household expenses. They are kind, pleasant people who day to day find ways to improve their economic situation and move their families forward. They all live in the city of Cuenca’s Victoria del Portete Parish. This is a place with a cold climate with great plains that make it possible for the inhabitants to work in cattle raising, animal husbandry and agriculture. The population still preserves the culture and traditions passed down from their parents.

One of this group’s members is Laura María, 55. She’s married and has had 8 children. Six of them are married and live on their own, one of her sons is single and helps her out economically and her youngest son attends the local secondary school. Her husband works as a day laborer and the house they live in is their joint property.

Laura María does her housework but also raises guinea pigs, chickens and cattle whose milk she sells. She farms her land and uses what she grows for family consumption; if there are any leftovers she sells them.

She will use the loan to buy chicks and animal feed. Her goal is to have larger animal nursery.
View original language description ↓
Es el primer crédito que realiza el banco comunal Buena Esperanza, está formado por 5 socias y 2 socios quienes laboran diariamente en diferentes actividades económicas las mismas que le permiten solventar los gastos de sus hogares, son personas amables, gentiles que día a día ven la manera de mejorar su situación económica y sacar adelante a sus familias. Viven todos por la parroquia de la Victoria del Portete en la ciudad de Cuenca, este lugar es de clima frió, tiene grandes llanuras las que les permite a sus habitantes dedicarse a la ganadería, cría de animales y a la agricultura, aun su población mantiene la cultura y tradiciones que sus padres les han inculcado.

Una de las socias de este grupo es la Señora. Laura María, tiene 55 años, es casada y fruto de su unión conyugal ha concebido 8 hijos, 6 de ellos son casados y viven independientes, uno de sus hijos solteros trabajan y le ayuda económicamente, su ultimo hijo estudia en un colegio de la localidad. Su esposo labora como jornalero y la casa en la que vive es de propiedad conyugal.

Doña Laura María se dedica a los quehaceres de su hogar en donde también cría cuyes, pollos y ganado del cual vende la leche. Cultiva sus terrenos y sus cosechas son para el consumo de su hogar y si existe un sobrante lo vende.

Su crédito lo va a invertir en la compra de pollos y alimento para sus animales.

Su meta es tener un criadero de animales más grande.

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

  • $10,600
    Average annual income
  • 50
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Buena Esperanza Group's $2,100 loan helped a member to buy chicks and animal feed.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013