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La Churonita  (Cuenca) Group
In this Group: Antonieta Del Rocio, Rosa Aurora, Leyi Norka, Juana Aidee, María Jamileth, María Isabel, Mónica Alexandra
La Churonita is a communal bank that is made up of 7 women who live in a beautiful area of the city of Cuenca. This city is the third biggest city in the country. Since December of 1999, it has been a World Cultural Heritage Site and it has architectural and cultural wealth. The members of this bank are women who are fighters, kind and friendly. They are always seeking to improve their financial stability and get their families ahead.

One of the members of this group is Mónica. She lives in the center of Cuenca and is taking out her first loan with the La Churonita communal bank. She was invited to join by a neighbor.

Mónica is 34 years old. She is separated from her husband but in her marriage she mad one daughter who is 16 and goes to high school in town. The house she lives in is her mother's, but she lives independently.

Mónica spends most of her time at home, but in order to get ahead and improve her financial stability, she works hard Sunday to Sunday with out a set schedule in her store. She has had this business for 8 years and right now it is going well for her.

She is going to invest her loan in buying grocery products to increase the amount of products she has in her store.

Her goal is to lean to drive and buy a vehicle.
View original language description ↓
La Churonita es un banco comunal que se encuentra conformado por 7 mujeres que viven por un hermoso sector de la ciudad de Cuenca, esta ciudad es la tercera ciudad más importante del país, desde Diciembre de 1999 es Patrimonio Cultural de la Humanidad y tiene una gran riqueza arquitectónica y cultural. Las socias de este banco comunal son mujeres luchadoras, amables y gentiles que siempre buscan mejorar su estabilidad económica y sacar adelante a su familia.

Una de las socias de este grupo es la Señora. Mónica, vive por el centro de la ciudad de Cuenca, está realizando su primer crédito en el banco comunal La Churonita al cual fue invitada por una vecina.

La Señora Mónica tiene 34 añosa, está separada de su marido pero en su unión conyugal ha concebido una hija de 16 años que estudia en un colegio de la ciudad. La casa en la que vive es de su mamá pero vive independiente.

Doña Mónica pasa el mayor de su tiempo en su casa, pero para salir adelante y mejorar su estabilidad economía trabaja arduamente de domingo a domingo sin un horario fijo en su tienda, tiene este negocio desde hace 8 años y por el momento le va muy bien.

Su crédito lo va a invertir en la compra de víveres para incrementar mas de productos en su tienda.

Su meta es aprender a conducir y comprarse un vehículo.

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

  • $10,600
    Average annual income
  • 47
    View loans »
    Ecuador Loans Fundraising
  • $24,293,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of La Churonita (Cuenca) Group's $3,625 loan helped a member to buy grocery products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013