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Baños  (Cuenca) Group
In this Group: Manuela Jackeline, Enma Guadalupe, Kerly Tatiana, Lucia Olivia, Ana Magdalena, Marcia Revaca, Verónica Mercedes, María Magdalena*, Teresa Carlota, Liliana Nataly, Teresa De Jesús, Dora Emperatriz
* not pictured
The Baños communal bank is made up of 12 women who live in a beautiful parish called Baños in the city of Cuenca. This parish is visited by many people because of its thermal baths which flow from an inactive volcano. The parish has many recreational places for adults and children, and one can also enjoy its rich gastronomy. Its people, like the members of this bank, are friendly and hardworking people who fight for the well-being of their families and to give their children a better education.

One of the members of this group is Manuela, who is applying for her first loan along with her friends and fellow members of the Baños communal bank. She is the president of this group.

Manuela is 33 years old and married, with a 12-year-old son who is studying at a school in the city. Her husband makes a living selling food. They do not have their own home, so they rent one.

Manuela is originally from the province of Oro, and she has been living in Cuenca since she was 19. Along with her husband, she makes a living by preparing and selling food. They sell prepared seafood dishes, mainly ceviches with shrimp or clams. They work as street vendors, and they also have an establishment.

She will invest this loan in the purchase of ingredients to make her dishes, as well as new tableware.

Her goal is to have more branches.
View original language description ↓
El banco comunal Baños está formado por 12 mujeres quienes viven en una hermosa parroquia que le llama Baños en la ciudad de Cuenca, esta parroquia es muy visitada por sus aguas termales que brotan de su volcán inactivo, cuenta con varios lugares para la recreación de grandes y pequeños y se puede disfrutar de una rica gastronomía. Su gente al igual que todas las socias son mujeres amables, trabajadoras que luchan por el bienestar de sus familias y para darles a sus hijos una mejor educación.

Una de las socias de este grupo es la Señora. Manuela, está realizando su primer crédito a lado de sus amigas y compañeras del banco comunal Baños. Es la presidenta de este grupo.

La Señora. Manuela tiene 33 años, es casada y ha concebido un hijo de 12 años de edad que está estudiando en un colegio de la ciudad. Su esposo se dedica a la venta de comida, no tienen casa propia por lo que viven arrendando.

Doña Manuela es oriunda de la provincia del Oro y desde que tenía 19 años de edad vive en la ciudad de Cuenca, se dedica con su esposo a la preparación y venta de comida, venden platos preparados con mariscos principalmente ceviches de concha o camarón, trabajan ambulantemente y también cuentan con un local.

Su nuevo crédito lo va a invertir en la compra de víveres para la elaboración de sus platos y también en una nueva vajilla.

Su meta es tener más sucursales.

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
  • 36
    View loans »
    Ecuador Loans Fundraising
  • $23,448,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Baños (Cuenca) Group's $5,300 loan helped a member to buy ingredients and tableware.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
May 1, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 21, 2013