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San Miguel  (Cuenca) Group
In this Group: Clara Elvira, Rosa, María Esther, Digna Esperanza, Mariana De Jesús, Mercy Viviana
San Miguel is a communal bank that is composed of six women who are friends and acquaintances. One part of the group is a family that reaches out in friendship and sisterhood at each of the meetings. They live in the community that bears the same name as the communal bank, which is in the parish of Valle in Cuenca. The parish has a lot of commercial activity. Many people work in agriculture and grain farming. The people are friendly and courteous, and they keep up the culture and traditions that their parents passed on to them.

One of the members of this group is Rosa. She has been part of the communal bank for 12 years. She is 41 years old and married. In her marriage, she has conceived four children, one of whom is married and lives independently. Two of her children work and help out financially. Her youngest daughter is studying at a college in the city. Her husband works in construction and teaches bricklaying. The house that the family lives in is their own.

Mrs. Rosa washes clothes three days a week. She does not have a set schedule; she goes home when she is finished. At home, she works around the house and raises pigs, chickens, sheep, and rabbits, which she sells in the community.

She is going to invest her new loan in the purchase of pigs and food for the animals.

Her goal is to finish (building) her house.

In the photo, there is one ex-member (of the group) who is wearing a red hat.
View original language description ↓
San Miguel es un banco comunal que se encuentra conformado por 6 socias quienes son amigas y conocidas, una parte del grupo son familia que en cada reunión estrechan sus lasos de amistad y fraternidad. Viven por la comunidad que lleva el mismo nombre del banco comunal que pertenece a la parroquia del Valle en Cuenca, parroquia que tiene un gran movimiento comercial, muchos se dedican a la agricultura y ganadería, su gente es amable, gentil y mantienen la cultura y tradiciones que sus padres les han inculcado.

Una de las socias de este grupo es la Señora Rosa, forma parte de la banca comunal hace 12 años, tiene 41 años de edad, está casada y en su unión conyugal ha concebido 4 hijos, uno de sus hijos es casado y vive independiente, dos de sus hijos trabajan y le ayudan económicamente y su ultima hija está estudiando en un colegio de la ciudad. Su esposo labora en el área de la construcción ya que trabaja como maestro albañil, la casa en la que viven es de su propiedad.

Doña Rosa se dedica a lavar ropa 3 días a la semana sin un horario fijo ya que se regresa a casa cuando termina, en casa se dedica a su hogar y a la cría de cerdos, pollos, ovejas y conejos a los que los vende en su comunidad.

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

Su meta es terminar su casa.

En la foto está una ex socia la cual está con una gorra roja.

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
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of San Miguel (Cuenca) Group's $2,550 loan helped a member purchase pigs and food for the animals.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013