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Nueva Generación  (Cuenca) Group
In this Group: Lourdes Catalina, Nelly Fernanda, Karla Valeria, María Isolina, Janeth Rocio, Manuel Luciano, Rosa Lucinda, María Herminia, Digna Soledad, Rosa Matilde
The Nueva Generación communal bank is comprised of nine women and one man who live in different places in the city of Cuenca. This city has magical scenery, and the people who see it are enchanted or fall in love with it. It is a mix of the colonial and the modern. Its food is varied. Our members are known for their great charisma. They work at various business activities, which allow them to be financially independent and to help their households financially. They work every day without rest in order to get ahead. They are proud of still maintaining the culture and traditions of their villages.

Rosa Matilde is one of the members of this group. This is her first loan with the Nueva Generación communal bank. She lives in the Yanuncay area of the city of Cuenca. She is 34 years old, married, and has three children, ages 17, 15, and 10. Her oldest two daughters go to secondary school, and her youngest child goes to a primary school in the city. Her husband works as a policeman. They do not have their own house, so they rent where they live.

Rosa Matilde spends most of her time doing the household chores. However, in order to contribute financially to her household, she sells different brands of cosmetics. She does this in her free time or when she has the opportunity to offer her products to her friends and acquaintances. She has been doing this business activity for five years.

She will use her loan to buy cosmetics that are on special promotion in order to offer them to her discerning clientele.

Her dream is to have her own house.
View original language description ↓
El Banco comunal Nueva Generación está formado por 9 socias y 1 socio quienes viven en diferentes lugares de la ciudad de Cuenca, ciudad que tiene paisajes mágicos ya que encantan o enamoran a quienes la visitan, es una mezcla de lo colonia y lo moderno, su gastronomía es muy variada. Nuestras socias tienen un gran carisma el mismo que les caracteriza, se dedican a varias actividades las que les permiten ser independientes económicamente y a su vez ayudar en la economía de sus hogares, trabajan diariamente sin descanso para salir adelante, su orgullo es de aun mantener la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. Rosa Matilde, está realizando su primer crédito en el banco comunal Nueva Generación, vive por el sector de Yanuncay en la ciudad de Cuenca, tiene 34 años, es casada y en su unión conyugal ha concebido 3 hijos de 17, 15 y 10 años, sus dos primeras hijas están estudiando en el colegio y su ultimo hijo está estudiando en una escuelita de la ciudad. Su esposo labora prestando sus servicios ya que es policía, no tienen casa propia por lo que viven arrendando.

La Señora Rosa Matilde pasa la mayor parte de su tiempo realizando los quehaceres de su hogar pero para aportar a la economía de su hogar se dedica a la venta de cosméticos de varias marcas, esta actividad la realiza en sus tiempos libres o cuando tiene la oportunidad de ofrecer sus productos a sus amigas y conocidas, esta actividad la realiza hace 5 años.

Su crédito va a invertir en la compra de cosméticos de oferta para ofrecer a su exigente clientela.

Su sueño es tener una casita propia.

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
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,578,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Generación (Cuenca) Group's $4,200 loan helped a member to buy cosmetics.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013