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Cruzloma  (Cuenca) Group
In this Group: María Piedad, María De Lourdes, Gloria Petrona*, Elvia Piedad, María Esperanza, Jessica Natalia, Carmen Piedad
* not pictured
The Cruzloma communal bank is made up of seven women who live in the area of Descanso in the city of Cuenca. This region is surrounded by several mountains, which give it beautiful landscapes. The green fields give the area a special touch. The local people work in various economic activities, such as agriculture, raising livestock, and commerce. The members of this communal bank are tenacious women who fight daily to provide for their families and improve the financial stability of their households.

One of the members of this group is María Esperanza. She has been a member of the communal bank for 4 years. She is 62 years old. She is a single mother of two children, both of whom are adults, married and living independently. She lives alone in her own house.

María Esperanza makes a living selling a variety of dry grains such as corn, wheat, barley, coffee beans, etc. She has her own stall in a market in the city where she works from Sunday to Sunday, without a fixed schedule. She also raises pigs and cattle at home.

She will invest this loan in the purchase of dry grains in order to continue growing her business.

Her goal is to expand her business much more.
View original language description ↓
El banco comunal Cruzloma está formado por 7 mujeres quienes viven por el sector del Descanso en la ciudad de Cuenca, este sector está rodeado de varias montañas las cuales le regalan hermosos paisajes, sus verdes campos le dan un toque especial. Su gente se dedica a diferentes actividades económicas como es la agricultura, la crianza de animales y el comercio. Las socias de este banco comunal son mujeres luchadoras que día a día luchan para sacar adelante a sus familias y mejorar la estabilidad económica de sus hogares.

Una de las socias de este grupo es la Señora. María Esperanza, forma parte del banco comunal desde hace 4 años. Tiene 62 años de edad, es madre soltera de 2 hijos quienes son mayores de edad, están casados y viven independientes. Ella vive sola en su casa propia.

Doña María Esperanza se dedica a la venta de una gran variedad de granos secos como: maíz, trigo, cebada, café en grano, etc. tiene un puesto propio en un mercado de la ciudad en donde trabaja de domingo a domingo sin un horario fijo. En su casa también se dedica a la cría de cerdos y ganado.

Su nuevo crédito lo va a invertir en la compra de granos secos para seguir creciendo en su negocio.

Su meta es agrandar mucho más 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

  • $10,600
    Average annual income
  • 54
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Cruzloma (Cuenca) Group's $3,200 loan helped a member to buy dry grains.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013