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Esmeraldeñas  (Cuenca) Group
In this Group: Lucy Ediltrudys, Segunda Celia, María Tatiana, Erika Mercedes, Victoria Yadira, Mariano, María Rosenda, Robert Leonel, Silvino Bonifacio
Esmeraldeñas is a communal bank group formed by 6 women and 3 men, all friends and acquaintances, from the "green province" as Esmeraldas is known. All of them have come to the city of Cuenca to improve their income and improve the futures of their families. They live on the outskirts of the city and are all very hardworking people, always fighting for greater economic stability. They are very charismatic people who maintain their customs and traditions.

Erika is a very charismatic and happy woman who is part of this communal bank, and she is in her second loan cycle. She is 26 years old, lives with her partner, and has two children - a 9 year old who studies in a school in the city, and a 9 month old baby. Her husband works in the shellfish business, and they rent their home as they do not own one.

For the past 6 years Erika has had a market stall where she sells all types of shellfish, and she works Sunday through Saturday, without a fixed schedule. This business allows her to make enough money to maintain her home.

She will invest this loan in the purchase of shellfish in order to continue growing her business.

Her dream is to one day own her own home.

In this photo, the loan coordinator from the microfinance institution (Fundacion ESPOIR) can be seen in the yellow shirt, standing in the last row.
View original language description ↓
Esmeraldeñas es un banco comunal que está formado por 6 socias y 3 socios quienes son amigos y conocidos, son oriundos de la provincia verde como se le conoce a Esmeraldas, todos han llegado a la ciudad de Cuenca para mejorar sus ingresos y por un mejor futuro para sus familias, viven los alrededores de la ciudad de Cuenca, son personas trabajadoras y siempre están en la lucha para mejorar su estabilidad económica, son personas de un gran carisma que mantienen viva sus costumbres y traiciones.

La Señora. Erika es una mujer muy carismática y alegre que forma parte del banco comunal Esmeraldeñas y está realizando el segundo crédito en este banco comunal. Tiene 26 años de edad, vive en unión libre y ha concebido dos hijos, su primer hijo de 9 años que estudia en una escuelita de la ciudad y su segundo hijo de apenas 9 meses de nacido. Su esposo se dedica al comercio de mariscos, no tienen casa propia por lo que viven arrendando.

La Señora Erika desde hace 6 años tiene un puesto en donde vende todo tipo de mariscos y trabaja de domingo a domingo sin horario fijo, esta actividad le ayuda a solventar los gastos de su hogar.

Su crédito lo va a invertir en la compra de mariscos para continuar creciendo en este negocio.

Su sueño es tener una casa propia.

En esta ocasión nos acompaña en la foto el señor coordinador de la fundación, está parado en la última fila con una camiseta amarilla.


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
  • 99
    View loans »
    Ecuador Loans Fundraising
  • $23,946,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Esmeraldeñas (Cuenca) Group's $5,000 loan helped a member to buy shellfish.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013