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Nueva Esperanza  (Cuenca) Group
In this Group: Amanda De Jesús, María Baltazar, Mónica Catalina, Luz Aurora, Alicia Mercedes, Celia María, Angelita María, Marcela Del Rosario, Verónica Del Carmen
The communal bank Nueva Esperanza (New Hope) comprises nine partners who live in Cuenca, the third most economically important city in the country. In December 1999, the city was named a World Heritage Site, based on its beautiful historic center. The friendly, gracious people still observe their cultural traditions.

Marcela, one of the members, lives in the Totoracocha neighborhood in Cuenca. She likes the unity and fellowship that exists in her communal bank. Marcela is 42, married, and has three children, ages 20, 15, and 7, from her marriage. Her oldest son is in college; her second child, a girl, is also in college; and her youngest daughter studies in a local school. Her husband drives his own taxi. They live in their own house.

Marcela does the housework and is always taking care of the children and her house. She has had a bazaar and stationery store in her home for eight years so that she could help her husband meet their expenses. She will use this loan to buy notebooks, pens, stationery, and other bazaar items. Her goal is to expand her stationery inventory.

The inset photo shows a member who could not be present for the group photo.
View original language description ↓
El banco comunal Nueva Esperanza está formado por 9 socias que viven en la ciudad de Cuenca, esta ciudad es la tercera de mayor importancia económica del pais, desde Diciembre de 1999 es Patrimonio Cultural de la Humanidad gracias a la belleza de su centro histórico. Su gente aun guarda su cultura y tradiciones, es gente amable y gentil.

Una de las socias de este grupo es la Señora. Marcela, vive por el sector de Totoracocha en la ciudad de Cuenca, el banco comunal le gusta por la unión y compañerismo que existe en el grupo.

Doña Marcela tiene 42 años, es casada y fruto de su unión conyugal ha concebido 3 hijos de 20, 15 y 7 años de edad, su primer hijo estudia en la universidad, su segunda hija en el colegio y su última hija en una escuelita de la ciudad. Su esposo es de profesión chofer y se dedica a laborar conduciendo un taxi propio, la casa en la que viven es propia.

La Señora Marcela se dedica a los quehaceres de su hogar ya que siempre está pendiente de sus hijos y de su casa. Para ayudarle a su esposo a solventar los gastos del hogar tiene un bazar y papelería en su casa desde hace 8 años.

Su nuevo crédito lo va a invertir en la compra de cuadernos, bolígrafos y otros artículos de bazar y papelería.

Su meta es agrandar más su papelería.

La foto pequeña es de una socia que no pudo estar presente cuando se tomo la foto del grupo.

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
  • 52
    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 Nueva Esperanza (Cuenca) Group's $4,250 loan helped a member to buy notebooks, pens, stationery, and other bazaar items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2013
Listed
May 1, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 21, 2013