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Nuevo Florecer  (Cuenca) Group
In this Group: Deifilia De Jesús, Erika Marlene, Dalia Rocio, Martha Isabel, Martha Verónica*, María Teresa, Diego Xavier
* not pictured
The Nuevo Florecer communal bank is made up of six ladies and one gentleman who live in the city of Cuenca. This city enjoys an architectural beauty and was named as a World Heritage Site. It also has various areas to enjoy nature and it’s variety of food that captures the pallet of those who visit. Its people all maintain their cultures and traditions. They are all ladies who work daily to get their families ahead.

Marthat Isabel is one of the ladies. She is 31 years old, is a single mother of one daughter, and they both live in a rented home with her parents. They share the household expenses.

Martha Isabel sells lottery tickets, newspapers, and magazines. She has been doing this for 15 years and works daily without a fixed schedule.

She will use the money from this new loan to buy newspapers and lottery tickets. She enjoys the communal bank because the loans allow her to continue with her business and because of the camaraderie within the group.

Her goal is to complete her university studies.
View original language description ↓
El banco comunal Nuevo Florecer está formado por 6 socias y 1 socio quienes viven en la ciudad de Cuenca, esta ciudad goza de una belleza arquitectónica la misma que le dio el nombre de Patrimonio Cultural de la Humanidad, tiene también varios lugares para disfrutar de la naturaleza, su variedad en la gastronomía cautiva el paladar de quienes la visitan. Su gente al igual que todas las socias aun mantiene la viva la cultura y tradiciones, son mujeres trabajadoras que laboran a diario para sacar adelante a sus familias.

Una de las socias de este grupo es la Señora. Martha Isabel, tiene 31 años de edad, es madre soltera de una niña de 1 año, no tienen casa propia por lo que viven arrendando con sus padres y comparten los gastos del hogar.

Doña Martha Isabel se dedica a la venta de billetes de lotería, periódicos y revistas, esta actividad la realiza desde hace 15 años y trabaja todos los días sin un horario fijo.

Su nuevo crédito va a invertir en la compra de periódicos y billetes de lotería. Le gusta el banco comunal por que con los créditos ella puede seguir con su negocio y por el compañerismo que existe en el grupo.

Su meta es terminar sus estudios universitarios.

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
  • 71
    View loans »
    Ecuador Loans Fundraising
  • $23,911,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nuevo Florecer (Cuenca) Group's $1,775 loan helped a member to buy newspapers and lottery tickets.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
May 1, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013