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Conchán  (Cuenca) Group
In this Group: Carmen Margarita, Rosa Ubaldina, Gladis Patricia, Rosa Elvira, Narcisa Rocio, Hilda Catalina, Piedad Amalia, Martha Isabel
Conchan is a community bank made up of eight women who live in the parish of Valle in Cuenca. This region is blessed with green meadows and countryside in which you can relax and enjoy nature. This parish has experienced much commercial growth, but its people still make a living raising animals and farming the land.

The members of the bank are warm, kind-hearted people who never stop fighting to improve their economic stability and offer their children a better future.

One of the members of this group is Señora Carmen. She is requesting her second loan with her friends and neighbors from the Conchan community bank.

Señora Carmen is 44 years old, married, and has 3 children aged 24, 4 and 2 with her husband. Her eldest son is married and lives independently. Her second son is studying at primary school. Her husband is a tailor, and the home in which she lives is her own.

Like her husband, Carmen makes a living dressmaking. She has had her sewing business for the past eight years, repairing all types of clothing as well as making new clothes. She works from Mondays to Saturdays without fixed hours.

Carmen will invest her loan in buying a sewing machine. Her goal is to grow her business until she can employ assistants.
View original language description ↓
Conchan es un banco comunal que está conformado por 8 mujeres que viven por los alrededores de la parroquia del Valle en Cuenca, lugar que goza de verdes praderas y campos para relajarse disfrutando de la naturaleza, esta parroquia a tenido un gran progreso comercial, su gente aun se dedica a la crianza de animales y a la agricultura. Las socia son personas amables y de un corazón cálido que siempre están en la lucha para mejorar su estabilidad económica y ofrecerles a sus hijos un mejor futuro.

Una de las socias de este grupo es la Señora. Carmen, se encuentra realizando el segundo crédito en conjunto con sus vecinas y amigas del banco comunal Conchan.

La Señora. Carmen tiene 44 años, es casada y fruto de su unión conyugal ha concebido 3 hijos de 24, 4 y 2 años de edad, su primer hijo está casado y vive independiente, su segundo hijo está estudiando en la escuelita. Su esposo es sastre, la casa en la que vive es propia.

Doña Carmen al igual que su esposo se dedica al arte de la costura, lleva 8 años que tiene su negocio y se dedica al arreglo de todo de tipo de prendas de vestir y también a la confección, trabaja de lunes a sábados sin un horario fijo.

Su crédito lo va a invertir en la compra de una maquina de coser.

Su meta es agrandar su taller hasta tener operarios.

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
  • 37
    View loans »
    Ecuador Loans Fundraising
  • $23,451,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Conchán (Cuenca) Group's $3,000 loan helped a member to buy a sewing machine.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013