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Las Minas  (Cuenca) Group
In this Group: María Cristina, María Magdalena, María Esther, María Narcisa, María Felicia, Galo Vinicio, María Asuncion, Rosa Lucrecia, Digna Isabel*, Rosa Florencia, Verónica Alexandra, María Florencia
* not pictured
The “Las Minas” (The Mines) communal bank has 11 female and one male member who live in the community of Las Minas in El Valle Parish, Cuenca. This parish has several places where nature can be enjoyed thanks to its fractured topography. Its architecture is a mixture of the modern and the ancient. Its residents are kind, gracious and still retain the culture and traditions of their peoples. They work in the fields in agriculture and animal husbandry and many go to the city to work in various jobs that make it possible for them to contribute towards their home’s economy.

One of the members of this group is Rosa Lucrecia, 53, who lives in a free union and has had no children; her husband is a tailor and the house they live in is theirs. Rosa Lucrecia does household chores and works in agriculture growing vegetables that she then sells in a market in the city; she also raises pigs, chickens, guinea pigs and cattle.

She will use her loan to build a new chicken coop and will also buy animal feed. Her goal is to expand her business.
View original language description ↓
El banco comunal Las Minas se encuentra conformado por 11 socias y 1 socio quienes viven en la comunidad de Las Minas por la parroquia del Valle en Cuenca, esta parroquia cuenta con varios lugares para disfrutar de la naturaleza gracias a su geografía accidentada, su arquitectura es una mezcla de lo moderno y lo antiguo. Su gente es amable, gentil y aun mantienen la cultura y tradiciones de sus pueblos, se dedican a labores del campo como es la agricultura, crianza de animales y muchos salen a la ciudad a laborar en diferentes actividades que les permiten aportar a la economía de sus hogares.

Una de las socias de este grupo es la Señora. Rosa Lucrecia, tiene 53 años de edad, vive en unión libre y no ha concebido hijos, su esposo es sastre, la casa en la que vive es propia.

Doña Rosa Lucrecia se dedica a los quehaceres de su hogar y a la agricultura, siembra hortalizas y verduras las que luego vende en un mercado de la ciudad, también se dedica a la cría de cerdos, pollos, cuyes y ganado.

Su crédito lo va a invertir en la construcción de un nuevo galpón para pollos, también va a comprar alimento para sus animales.

Su meta es agrandar su negocio.

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
  • 40
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Minas (Cuenca) Group's $4,450 loan helped a member to buy animal feed and build a chicken coop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013