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Luz Y Vida  (Cuenca) Group
In this Group: Gloria Susana, Narcisa Yolanda, María Juana, Luvina Clementina, Marcia Verónica, José María, Martha María
The members of the Luz y Vida communal bank has been taking out loans with the foundation for several years. It is a group of 6 women and 1 man who are neighbors and friends in the El Aguacate sector. Aside from the meetings deepening their friendship, the loans have allowed them to grow their businesses for the wellbeing of their families. They lives in the city of Cuenca, a city known for its architectural beauty, its natural preserves, and its people's culture and traditions.

One of the members of this group is Marcia. She is taking out her first loan in the Luz y Vida communal bank, She was invited by her mother and she lives in the Aguacate sector of the city of Cuenca. She is 25 years old and in a common law marriage. She has 3 children; a 7 and a 4 year old who got to school in the city, and a 9 month old baby. Her husband works as a security guard and the house she lives in is rented.

Marcia is a merchant. She works every day at a city market, selling seafood. At home she raises and sells ducks, chickens and guinea pigs.These activities help her to improve her household income.

She is going to invest the loan in buying seafood.

Her goal is own her own home.
View original language description ↓
Los integrantes del banco comunal Luz y Vida realizan hace algunos años los créditos en la fundación, es un grupo de 6 socias y 1 socio que son vecinos y amigos del sector El Aguacate, a mas de estar en las reuniones han estrechado sus lasos de amistad, los créditos les permiten crecer en sus negocios para el bienestar de sus familias. Viven en la ciudad de Cuenca esta ciudad es reconocida por su belleza arquitectónica, sus reservas naturales, la cultura y tradiciones de su gente.

Una de las socias de este grupo es la Señora. Marcia, se encuentra realizando su primer crédito en el banco comunal Luz y Vida al que fue invitada por su mamá, vive por el sector del Aguacate en la ciudad de Cuenca. Tiene 25 años de edad, vive en unión libre y ha concebido 3 hijos de 7 y 4 años que estudian en una escuelita de la ciudad, y su último hijo es un bebé de 9 meses. Su esposo presta sus servicios como guardia de seguridad, la casa en la que vive es arrendada.

La Señora. Marcia se dedica al comercio, labora a diario en un mercado de la ciudad vendiendo mariscos, en su casa se dedica a la cría y venta de patos, pollos y cuyes. Estas actividades le ayudan a mejorar los ingresos de su hogar.

Su crédito va a invertir en la compra de mariscos.

Su meta es tener su casa 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
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Luz Y Vida (Cuenca) Group's $2,350 loan helped a member to buy seafood.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013