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Arco Iris  (Cuenca) Group
In this Group: Mariana De Jesús, Nancy Patricia, Marcia Breatriz, Carmen, Lourdes Esperanza, María Isabel, Miriam Alexandra, Perla Estela, Humberto Samuel, Gladys Beatriz, Nancy Cristina, Hilda Narcisa
The communal bank “Arco Iris” [Rainbow] is made up of 11 women members and one man, who live in the community of 3 Marías in the parish of Turi in Cuenca. This area is known as the city’s overlook, as from there one can admire a large part of the city of Cuenca. Its people are very hardworking and earn a living through raising animals, agriculture and commercial activities. The women members are dedicated to both their homes and their jobs that give them the opportunity to maintain their economic independence. With their sacrifice they provide for their families. They are warm-hearted, kind and gentle women who continue to maintain the culture and traditions of their ancestors.

One of the members of this group is Perla, who is 31 years of age, married, and has two children aged 12 and 8. Her husband is a teacher, and they own their own home. Perla sells sandals and costume jewelry, which she sells only on the days of the outdoor market, spending the rest of her time with her children.

This is Perla’s second loan through this communal bank, as previously she was a member of another group. She is going to use the loan to buy sandals and costume jewelry in order to increase her products. Her goal is to continue growing her business.
View original language description ↓
El banco comunal Arco Iris está formado por 11 socias y 1 socio quienes viven por el Sector de 3 Marías en la parroquia de Turi en Cuenca, conocida también como El Mirador de la ciudad ya que desde allí se puede admirar gran parte de la ciudad de Cuenca, su gente es muy trabajadora y se dedica a la cría de animales, a la agricultura y al comercio. Las socias son mujeres dedicadas a sus hogares y a sus trabajos los mismos que les dan la oportunidad de mantener su independencia económica y con su sacrificio sacar adelante a sus familias. Son mujeres de un gran corazón, amables y gentiles que aun mantienen la cultura y tradiciones de sus padres.

Una de las socias de este grupo es la Señora. Perla, tiene 31 años, es casada y en su unión conyugal ha concebido 2 hijos de 12 y 8 años de edad. Su esposo es profesor, la casa en la que vive es de su propiedad.
La Señora. Perla es comerciante, se dedica a la venta de sandalias y bisutería, vende solo los días de feria, y el resto de su tempo lo dedica a sus hijos.

Este es el segundo crédito que realiza en el banco comunal ya que anterior mente era socia en otro grupo. Su crédito lo va a invertir compra de sandalias y bisutería para aumentar sus productos.

Su meta es de seguir creciendo en su negocio.

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 Arco Iris (Cuenca) Group's $6,150 loan helped a member to buy sandals and costume jewelry.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013