Nueva Ilusión (Cuenca) Group
Update on Nueva Ilusión (Cuenca) GroupThe Nueva Illusión communal bank is made up of eight ladies and one gentleman who work at different activities which allowed them to improve their financial situations and get their families ahead. They are gentle and friendly people who keep good moods and their peoples' traditions. They live in the Cumbe en Cuenca parish, and this area enjoys much vegetation and green landscapes. It's surrounded by mountains, which gives it a special touch.
Ana is one of the members. She serves as the president of the Nueva Ilusión communal bank and is a part of this group of friends which has formed strong friendship ties with her fellow members.
Ana is 44 years old and is the single mother of five children, ages 27, 21, 18, 11 and 9. Her two oldest sons work and help her financially. Her next oldest attends high school and her two youngest attend the local school. She doesn't have a home of her own and lives with her mother and helps her with the household expenses.
Ana is a housewife but she raises and sells Guinea pigs, pigs, and livestock in order to get her family ahead. She sells the animals within her community, and also works in agriculture and her products are for her family's consumption. In the evenings she sells tamales and coffee from her home. All these activities provide her the opportunity to improve her family stability and get her children ahead. She likes to work in the fields very much because she can stay home and the home does not deteriorate.
She used the money from her previous loan to buy animal feed and ingredients for her tamales, from which she obtained some good earnings that she used to pay the household expenses. She is asking for another loan so she can buy more pigs, Guinea pigs, and ingredients for her coffee and tamale business.
She likes the communal bank because the loans allow her to continue growing her business. The small picture is of a member who was not able to attend when the group photo was taken.
Una de las socias de este grupo es la Señora. Ana, es la presidenta del banco comunal Nueva Ilusión, forma parte de este hermoso grupo de amigas hace algún tiempo en el cual ha llegado a fortalecer lazos de amistad con todas compañeras.
Doña Ana tiene 44 años de edad, es madre soltera de 5 hijos que tienen 27, 21, 18, 11 y 9 años de edad, sus dos primeros hijos trabajan y le ayudan económicamente, su tercer hijo estudia en el colegio y sus dos últimos hijos en una escuelita de la localidad. No tiene casa propia por lo que vive en casa de su mamá con quien comparte los gastos de la casa.
La Señora Ana se dedica a los quehaceres de su hogar, pero para sacar adelante a su familia cría y vende cuyes, cerdos y ganado a los cuales los vende en su comunidad, también trabaja en la agricultura y lo que produce es para el consumo de su hogar, en las tardes se dedica a la venta de tamales y café en su casa, todas estas actividades le dan la oportunidad de mejorar la estabilidad de su hogar y sacar a sus hijos adelante, le gusta mucho el trabajo del campo porque pasa en casa y no se descuida de su hogar.
El dinero de su crédito anterior lo invirtio en la compra de alimento para animales y productos para realizar sus tamales de los cuales obtuvo muy buenas ganancias y pudo solventar muchos gastos de su familia. Esta repitiendo el crédito para comprar más cerdos, cuyes y víveres para el negocio de la venta de cafés y tamales.
La banca comunal le gusta porque los créditos le permiten invertir en su negocio y continuar creciendo.
La foto pequeña es de una socia que no pudo estar presente cuando se tomo la foto del grupo.
Previous Loan DetailsThe Nueva Ilusión community bank is made up of seven female and one male member, who live in the parish of Cumbe in Cuenca. This place is blessed with beautiful nature, mixed with the architecture of this parish. The countryside highlighted by crops make it a special place. This canton is a mix o... More from Nueva Ilusión (Cuenca) Group's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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.
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