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1 De Mayo  (Cuenca) Group
In this Group: Maida Maribel, María Elvia, Sonia Beatriz, María Isolina, Flora Asucena, Blanca Etelvina, María Hortencia
The communal bank "1 de Mayo" [May 1st] is made up of seven women, who are all friends and neighbors. They live in the parish Victoria del Portete in Cuenca, a place that has great plains covered in pastures conducive to raising livestock. It also has many places to enjoy nature. Its people, just like these group members, are very hardworking and fight day to day to move themselves and their families ahead. They work in countryside activities and many work in the city in different professions. They are people that still maintain the culture and traditions of their villages.

One of the members of this group is María Elvia. She is thirty-three years old and is a single mother of two children, ages 17 and 11. Her first son works and helps her economically. Her second daughter is studying in a small school in town. She does not have her own house; she rents.

María Eliva works by selling vegetables door-to-door. She also makes a living in raising animals, like laying hens, guinea pigs, chickens, and cattle. She sells her animals in her parish area or in the city.

She will invest her new loan in chickens so that she can grow her business, and also in food for her animals.

Her dream is to have her own house.
View original language description ↓
El banco comunal 1 de Mayo está formado por 7 mujeres quienes son amigas y vecinas, viven en la parroquia Victoria del Portete en Cuenca, lugar que tiene grandes planicies cubiertas de pastos propicias para la crianza de ganado, también tiene amplios lugares para disfrutar de la naturaleza. Su gente al igual que las socias son muy trabajadoras, que luchan día a día para sacar adelante a sus familias, trabajan en las actividades del campo y muchos laboran en la ciudad ejerciendo diferentes profesiones, son personas que aun mantienen la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. María Elvia, tiene 33 años, es madre soltera de 2 hijos de 17 y 11 años de edad, su primer hijo trabaja y le ayuda económicamente, su segunda hija está estudiando en una escuelita de la localidad. No tiene una casa propia por lo que vive arrendando.

Doña María Elvia trabaja como vendedora ambulante de hortalizas y verduras, también se dedica a la crianza de animales como gallinas de postura, cuyes, pollos y ganado sus animales los vende en su parroquia o en la ciudad.

Su nuevo crédito va a invertir en pollos para crecer en este negocio y también en alimento para sus animales.

Su sueño 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
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $24,089,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 1 De Mayo (Cuenca) Group's $3,000 loan helped a member to buy chickens and food for her animals.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2013
Listed
May 1, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 21, 2013