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Nueva Ilusión  (Cuenca) Group
In this Group: Ana Victoria, María Lorena, Dolores Beatriz, Libia Mercedes, María Francisca, Guifor Edmundo*, Marithza Beatriz, Olga Bersabe
* not pictured
The Nueva Ilusión community bank is made up of seven female and one male member, who live in the parish of Cumbe in Cuenca. This place is blessed with beautiful nature, mixed with the architecture of this parish. The countryside highlighted by crops make it a special place. This canton is a mix of the old and the modern, and its people keep the traditions and culture of its community alive. Cumbe is constantly growing thanks to the business its population generates.

One of the members of this group is Señora Ana. She lives in the parish of Cumbe and has been part of the community bank for the past seven years. During this time, she has managed to form firm friendships with all her friends in the group. She is a very charismatic and happy member.

Ana is 44 years old, and a single mother of five children, aged 27, 21, 18, 11 and 9. Her two eldest children work and help her out financially. Her third eldest studies at college, and her youngest two at a local school. She doesn't have her own home, so she lives with her mother, with whom she shares household expenses.

Señora Ana takes care of household chores, but to pay her expenses and support her family, she raises and sells pigs, guinea pigs and cattle. She also grows maize, potatoes and vegetables to eat at home, and if any are leftover, she sells them. For seven years, she has sold coffee with tamales too, and is doing very well in this business.

She will invest her new loan in buying provisions to make tamales and in buying food for her animals.

Her goal is to buy her own house and for her children to become professionals and have a better future.
View original language description ↓
El banco comunal Nueva Ilusión está formado por 7 socias y 1 socio quienes viven por los alrededores de la parroquia de Cumbe en Cuenca, lugar que goza de una hermosa naturaleza, mezclada con la arquitectura de su parroquia, también los paisajes que resaltan de sus cultivos la hace un lugar especial. Este cantón es una mezcla de lo antiguo y lo moderno, su gente mantienen vivas las tradiciones y cultura de sus pueblos. Cumbe es un lugar que está en constante crecimiento gracias al comercio que su población genera.

Una de las socias de este grupo es la Señora. Ana, vive por la parroquia de Cumbe y forma parte del banco comunal hace 7 años tiempo en el que ha logrado afianzar los lasos de amistad con todas sus amigas del grupo, es una socia que goza de un gran carisma y alegría.

Doña Ana tiene 44 años de edad, es madre soltera de 5 hijos que tienen 27, 21, 18, 11 y 9 años de edad, sus dos primeros hijos trabajan y le ayudan económicamente, su tercer hijo estudia en el colegio y sus dos últimos hijos en una escuelita de la localidad. No tiene casa propia por lo que vive en casa de su mamá con quien comparte los gastos de la casa.

La Señora. Ana se dedica a los quehaceres del hogar, pero para solventar sus gastos y sacar adelante a su familia cría y vende cerdos, cuyes y ganado, también se dedica a la agricultura, siembra maíz, papas y hortalizas que son para el consumo de su hogar y si existe un sobrante lo vende. Desde hace 7 años también se dedica a la venta de café con tamales y le va muy bien en este negocio.

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

Su meta es tener su casa propia y que sus hijos lleguen a ser profesionales para tener un mejor futuro.



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
  • $22,607,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Ilusión (Cuenca) Group's $3,800 loan helped a member to buy provisions and food for animals.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2013