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El Aguacate  (Cuenca) Group
In this Group: Martha Braulia, Rosa Paulina, Ligia Beatriz, Mercedes María, Nelson Wilfrido, Blanca Mercedes, María Elena*, Melida Esthela
* not pictured
The communal bank El Aguacate [The Avocado] is made up of seven women and one man, who work in different types of economic activities. All of these activities allow them to cover home expenses, improve their economic stability, and give a better future to their children. All of the members are neighbors and comrades who strengthen their friendship every day. They are kind, gentle, and hardworking. They live in the Monay neighborhood within the city of Cuenca. Since December 1999, this city has been named a World Heritage site. The city has many places to walk around and enjoy nature, and everyone who visits is captivated by the city's culture and food.

One of the members of this group is Rosa. She has been a part of the communal bank El Aguacate for some years and is one of the founding members of this group.

Rosa is thirty-two years old, is married, and has four children (ages 16, 12, 8, and 5) through this marriage. Her first two children are studying in high school and her two youngest children are in primary school. They do not have their own home; they live in a relative's house. Her husband works in construction.

In order to help her husband with the home expenses, Rosa makes a living as a housekeeper. She has had this job for three years and works Monday to Friday without a fixed schedule. In her free time, she also makes a living selling various brands of cosmetics door-to-door.

Her new loan is going to be invested in the purchase of cosmetics, so that she can have more variety.

Her goal is to have her own shop where she can sell her merchandise.
View original language description ↓
El banco comunal El Aguacate está formado por 7 socias y 1 socio quienes laboran en diferentes actividades económicas las mismas que les permiten solventar los gastos de sus hogares, mejorar su estabilidad económica y darles un mejor futuro a sus hijos. Todas las socias son vecinas y compañeras que cada día fortalecen sus lasos de amistad, son personas amables, gentiles y trabajadoras. Viven por el sector de Monay en la ciudad de Cuenca, esta ciudad es desde Diciembre de 1999 Patrimonio Cultural de la Humanidad, cuenta con varios lugares para recorrer y disfrutar de la naturaleza, su cultura y gastronomía cautivan a todos quienes la visitan.

Una de las socias de este grupo es la Señora. Rosa, forma parte del banco comunal El Aguacate desde hace algunos y es una de las socias fundadoras de este banco comunal.

La Señora. Rosa tiene 32 años, es casada y fruto de su unión conyugal ha concebido 4 hijos de 16, 12, 8 y 5 años de edad, sus dos primeros hijos están estudiando en el colegio y sus dos últimos hijos se encuentran en la escuela. No tienen casa propia por lo que viven en casa de un familiar, su esposo se dedica a la construcción.

Doña Rosa para ayudarle a su esposo con los gastos del hogar se dedica a la limpieza de una casa, tiene este trabajo desde hace 3 años y labora de lunes a viernes sin un horario fijo. En sus tiempos libres se dedica a la venta ambulante de cosméticos de varias marcas.

Su nuevo crédito va a invertir en la compra de cosméticos para tener más variedad.

Su meta es tener un local propio para vender su mercadería.

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
  • 34
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of El Aguacate (Cuenca) Group's $4,275 loan helped a member to buy cosmetics.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013