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Nuevo Amanecer (Cuenca) Group
In this Group: Rosa Carmelina, María Rosa Elvira, María Rosa Elena, Zoila Narcisa, Ana Rocio, Manuel Concepción, Rosa Lastenia, Elda Luzmila, Mercy Magaly
The Nuevo Amanecer community bank is made up of eight women and one man who live in the area around the Zhidmad parish in Cuenca. The area is known for its beautiful landscapes thanks to its rugged geography and it is possible to enjoy nature. The architecture of the homes is a mix of modern and traditional. The people, including the group members, are people with good hearts who are friendly and kind. Every day they are in a fight to improve their financial stability and they are succeeding thanks to their work, effort, and dedication. They do work such as raising animals, farming, and many work in the city at other economic activities while maintaining the culture and traditions of their people.

One of the members of this group is Elda, who is requesting her second loan together with her friends and companions. She likes this type of loan because it helps them improve their financial stability. Elda is 39 years old, married, and has six children who are 13, 16, 18, 18, 20, and 22 years old. Her two oldest children are married and live independently. Her twin daughters work for their personal expenses and are also studying at a school in the city. Her 16 year old son is also studying at a school in the city. Her youngest son who has a disability is studying at a school for special children. Her husband works in construction as a builder. They do not own their home, so they rent.

Elda has worked for 20 years cleaning houses. She works from Monday to Saturday without a fixed schedule. This work has allowed her to improve her household's financial stability.

She will use the money from this loan to pay for her disabled son to attend school. She will purchase uniforms, books, notebooks, pencils, and other items.

Her dream is to see her children one day have professions.

The small photo is of two members who were not able to be present when they took the group photo.
View original language description ↓
El banco Nuevo Amanecer está formado por 8 mujeres y 1 hombre quienes viven por los alrededores de la parroquia de Zhidmad en Cuenca, lugar que tiene hermosos paisajes gracias a su geografía accidentada, se puede disfrutar de la naturaleza, la arquitectura de sus casas es una mezcla de lo tradicional con lo moderno. Su gente al igual que las socias son personas de un buen corazón, muy amables y gentiles, todos los días se encuentran en la lucha para mejorar su estabilidad económica y lo están logrando gracias a su trabajo, esfuerzo y dedicación, realizan tareas del campo como es la crianza de animales, la agricultura y muchos laboran en la ciudad en otras actividades económicas, aun mantienen la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. Elda, está realizando su segundo crédito a lado de sus amigas y compañeras, le gusta este tipo de créditos porque les ayuda a mejorar su estabilidad economía.

La Señora. Elda tiene 39 años de edad, se encuentra casada y fruto de su unión conyugal ha concebido 6 hijos quienes se encuentran de 22, 20, 18, 18, 16 y 13 años de edad, sus dos primeros hijos son casados y viven de manera independiente, sus dos hijas gemelas se encuentran trabajando para sus gastos personales, también están estudiando en un colegio de la ciudad, su hijo de 16 años está estudiando en un colegio de la ciudad, su último hijo quien tiene una discapacidad está estudiando en una escuelita para niños especiales, su esposo labora en el área de la construcción como albañil, no tienen casa propia por lo que viven arrendando.

Nuestra socia hace 20 años se dedica a la limpieza de diferentes casas, esta actividad la realiza de lunes a sábados, sin un horario fijo, trabajo que le ha permitido mejorar la estabilidad económica de su hogar.

El dinero de su crédito lo va a invertir en el pago de los estudios de su hijo con discapacidad, va a comprar uniformes, libros, cuadernos, lápices, etc.

Su sueño es de ver que un día sus hijos lleguen a tener una profesión.

La foto pequeña es de dos socias que no pudieron estar presentes 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
  • 99
    View loans »
    Ecuador Loans Fundraising
  • $24,223,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer (Cuenca) Group's $4,075 loan helped a member to purchase uniforms, books, notebooks, and pencils.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
Jun 1, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013