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Libertad En Progreso  (Cuenca) Group
In this Group: Carmen Lucia, María Esperanza, Lorena Del Carmen, María Carmen, Luz Melida, Balvina, María Natividad, María Alicia, Claudia Femina, Dolores Mercedes*, María Rebeca, María Rosario
* not pictured
Libertad en Progreso is a communal bank that is formed by 12 women who work on farms or in the city carrying out different activities. They are kind, courteous and still maintain the culture and traditions of their villages. They live in the parish of Victoria del Portete in Cuenca, which has a cold climate and ample plains, which are favorable for raising livestock. The geography gives them the gift of natural landscapes that they can enjoy.

One of the members of this group is María Esperanza. She has formed part of the communal bank Libertad en Progreso since 7 years ago. She is 36 years old, is married and in her marriage she has had 4 children of ages 19, 15, 6 and 4. Her first two children study in high school and the last two are in the region's primary school. Her husband is a painter and the house they live in is their own.

María Esperanza cares for her children and works on the farm. She raises and sells sheep, chickens and guinea pigs. She also works the land and what she farms is for the consumption of her family, and if there is extra she sells it. To have a higher income she cares for the livestock of others. All of these activities allow her to help her husband in the hard work of maintaining the home.

Her new loan will be invested in buying chickens, feed for her animals and seeds for her plants.

Her biggest goal is to improve her home.
View original language description ↓
Libertad en Progreso es un banco comunal que está conformado por 12 mujeres quienes se dedican a las tareas del campo o trabajan en la ciudad en diferentes actividades, son personas amables, gentiles y aun mantienen la cultura y tradiciones de sus pueblos. Viven por la parroquia de la Victoria del Portete en Cuenca, lugar de clima frió y amplias llanuras las mismas que son propicias para la crianza de ganado, su geografía le regala paisajes para disfrutar de la naturaleza.

Una de las socias de este grupo es la Señora. María Esperanza, forma parte del banco comunal Libertad en Progreso desde hace 7 años. Tiene 36 años, es casada y en su unión conyugal han concebido 4 hijos de 19, 15, 6 y 4 años de edad, sus dos primeros hijos estudian en el colegio y sus dos últimos hijos están en una escuelita del sector. Su esposo es de profesión pintor, la casa en la que viven es propia.

Doña María Esperanza cuida a sus hijos y se dedica a las tareas del campo, cría y vende borregos, pollos y cuyes, también cultiva sus terrenos y lo que cosecha es para el consumo de su casa y si existe un sobrante lo vende. Para tener un mayor ingreso también se dedica a cuidar el ganado de otras personas, todas estas actividades le permiten ayudar a su esposo en la dura tarea de mantener su hogar.

Su nuevo crédito lo va a invertir en la compra de pollos, alimento para sus animales y semillas para sus cultivos.

Su meta es mejorar su casa.

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
  • 15
    View loans »
    Ecuador Loans Fundraising
  • $22,541,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Libertad En Progreso (Cuenca) Group's $4,025 loan helped a member to buy chicken, feed for animals and seeds.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013