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Tierra Fértil  (Cuenca) Group
In this Group: María Teresa, Juana Catalina, Mónica Cecilia, Jeanneth Maribel, Delia Florencia, Alexandra Patricia, Rosa Isabel
The communal bank Tierra Fértil [Fertile Ground] is made up of seven members, most of whom are related to each other. They all work daily at different work activities that allow them to contribute to their household incomes and provide for their families. They are kind, friendly and charismatic, and they continue to maintain the culture and traditions of their people.

They live in the sector of Cochapamba, which belongs to the Valle parish of Cuenca. This parish has seen a large amount of commercial growth, and its architecture is a mix of the traditional and the modern.

Monica is one of the members of this communal bank, and she has been a member for two years. She says she likes being a member of the communal bank because each meeting reinforces the bonds of friendship among all of its members.

Monica is 36 years old, divorced and has a daughter, age 20, and a son, age 19. Her daughter studies in the city university. Her son has a disability, for which he stays at home.

Monica owns her own home, in which for five years now she has had a small grocery store. She spends her time looking after her home and working her grocery business, which she operates daily without a fixed schedule. She has also worked for seven years now at selling cosmetics.

With this loan Monica will buy supplies to stock her grocery store. Her goal is to increase the size of her store.
View original language description ↓
El banco comunal Tierra Fértil está formado por 7 socias que en su maytoría son familiares, trabajan diariamente en diferentes actividades laborales, las misma que les permiten aportar a la economía de sus hogares y sacar adelante a sus familias, son personas amables, gentiles y de un gran carisma que aun mantienen la cultura y tradiciones de sus pueblos. Viven por el sector de Cochapamba que pertenece a la parroquia del Valle en Cuenca, parroquia que ha tenido un gran crecimiento comercial, su arquitectura es una mezcla de lo antiguo y lo moderno.

Una de las socias de este grupo es la Señora. Mónica, es socia del banco comunal Tierra Fértil desde hace 2 años, le gusta estar en el banco comunal porque en cada reunión afianza los lasos de amistada con todas sus compañeras del grupo.

La Señora. Mónica tiene 36 años de edad, está divorciada y en su unión conyugal ha concebido 2 hijos de 20 y 19 años, su primera hija estudia en una universidad de la ciudad y su segundo hijo tiene una discapacidad por lo que pasa en casa. La casa en la que vive es de su propia.

Doña Mónica pasa la mayor parte de su tiempo en casa al cuidado de su hogar, en su casa tiene una tienda de comestibles desde hace 5 años en la cual trabaja de domingo a domingo sin un horario fijo y también se dedica a la venta de cosméticos hace 7 años.

Su crédito lo va a invertir en la compra de víveres para su negocio.

Su meta es agrandar más su tienda.

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
  • 35
    View loans »
    Ecuador Loans Fundraising
  • $23,419,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Tierra Fértil (Cuenca) Group's $2,450 loan helped a member to buy supplies to stock her grocery store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 28, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013