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Cumbe  (Cuenca) Group
In this Group: Laura Azucena, Julia Janneth, Ruth Magaly, María Teresa De Jesús, Gloria Isabel, María Lucrecia, Ana Rocio
The community bank Cumbe is made up of seven women who are all friends and neighbors and who live in the parish of Cumbe within the city of Cuenca. This area is well known for its unique mix of traditional and modern architecture, as well as for its green, fertile fields and beautiful countryside. The people who live in the region are kind, peaceful and dedicated to their work and families. Everyone in the area works very hard to provide a bright future for their children and loved ones.

One of the group members, Ruth, is 29 years old and is a single mother to three children, ages 10, 8 and 4. Her two oldest children are in elementary school, and Ruth and her kids are currently renting a place to live, as they do not own their own home. Ruth works seven days a week on a variable schedule as a household maid in several homes. In her limited free time, she operates a side business raising chickens for resale. Ruth also tends small plots of land to grow crops and food to feed her family.

Ruth plans to use the support from this loan to purchase chickens and feed for her birds in hopes of strengthening her business. Her goal is to one day own her own home.
View original language description ↓
El banco comunal Cumbe esta formado por 7 mujeres quienes son vecinas y amigas, viven por la parroquia de Cumbe en Cuenca, lugar de goza de una arquitectura moderna y antigua, sus campos verdes son el fruto de la agricultura, su geografía es accidentada con hermosos paisajes. Su gente es amable, gentil y de un corazón cálido que luchan para mejorar la estabilidad económica de sus hogares y entregarles un mejor futuro a sus hijos.

Una de las socias de este grupo es la Señora. Ruth, tiene 29 años de edad, es madre soltera de 3 hijos de 10, 8 y 4 años, sus dos primeros hijos estudian en una escuelita de la localidad, no tiene casa propia por lo que vive arrendando.

Doña Ruth trabaja de domingo a domingo y sin un horario fijo como empleada domestica, actividad que la realiza en diferentes casas, en el tiempo que le queda libre se dedica a la crianza de pollos a los mismos que los vende vivos o pelados. También cultiva sus terrenos y lo que cosecha es para el consumo de su hogar.

Su nuevo crédito lo va a invertir en la compra de pollos y en el alimento para animales.

Su meta es tener su casa propia.

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
  • 57
    View loans »
    Ecuador Loans Fundraising
  • $24,312,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Cumbe (Cuenca) Group's $3,475 loan helped a member to purchase chickens and feed for her birds.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 21, 2013