Check out other loans that are currently fundraising!
Primero De Enero  (Cuenca) Group
In this Group: Silvana Patricia, Diana Elizabeth, María Euilalia, María Nube, María Eugenia, María Alicia, Ana Lucia*, Gladys Edid, Juan Javier, María Guadalupe
* not pictured
"Primero de Enero" (1st January) is a communal bank which is made up of 9 female members and 1 male member who all live in the same community. They are all friends from the Valle parish in Cuenca, a place that is surrounded by beautiful landscapes thanks to its hilly geography. The centre of the parish contains a mixture of old and new architecture. The Valle parish is doing well as there has been a big commercial surge with people dedicating themselves to agriculture and business. The people there are kind and friendly and still keep the old flames of their culture and traditions alive.

One of the members is María Nube who lives in the Castilla Cruz area which belongs to the Valle parish. This is her first loan with the "Primero de Enero" communal bank which she was invited to join by a friend. María Nube is 43 years old and married with 2 children. The daughter is married and lives independently and her son is single and he works and supports them financially.

Her husband works in a private company. The house that they live in is the fruit of their work together. María has been selling clothes door to door to her friends and acquaintances for 2 years. She works from Mondays to Fridays with no fixed hours. She will invest the new loan in buying clothes to continue building the business. Her aim is to finish her house as there are still a few things that it needs.
View original language description ↓
Primero de Enero es un banco comunal que se encuentra constituido por 9 socias y 1 socio quienes viven por una misma comunidad, todos son amigos de un sector de la parroquia del Valle en Cuenca, lugar que se encuentra rodeado de hermosos paisajes debido a su geografía accidentada, su centro parroquial es una mezcla de la arquitectura moderna y la antigua. La parroquia del Valle tiene un gran progreso ya que tiene un gran movimiento comercial, su gente se dedica a la agricultura y comercio, son personas amables, gentiles que aun mantienen vivas las llamas de su cultura y tradiciones.

Una de las socias de este grupo es la Señora. María Nube, vive por el sector de Castilla Cruz perteneciente a la parroquia del Valle, este es su primer crédito en el banco comunal Primero de Enero al cual fue invitada por sus amigas del sector.

La Señora María Nube tiene 43 años, es casada y en su unión conyugal ha concebido 2 hijos, una hija es casada y vive independiente y su hijo soltero trabaja y le ayuda económicamente. Su esposo trabaja como empleado privado, la casa en la que viven es el fruto del trabajo conyugal.

Doña María se dedica venta ambulante de ropa, esta actividad la realiza puerta a puerta, vende a sus amigas y conocidas, esta actividad la desempeña hace 2 años, trabaja de lunes a viernes sin un horario fijo.

Su nuevo crédito lo va a invertir en la compra de ropa para seguir creciendo en su negocio.

Su meta es terminar su casa ya que aun le hacen falta algunos acabados.

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
  • 59
    View loans »
    Ecuador Loans Fundraising
  • $23,522,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Primero De Enero (Cuenca) Group's $6,025 loan helped a member to buy clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013