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Mira  (Cuenca) Group
In this Group: Rosa Aurelia, María Lourdes, Rosa Filomena, Clara Beatriz, María Domitila, María Dolores, María Consolacion
Mira is a communal bank comprising seven friends and neighbors who live in the parish of Zhidmad in Cuenca. This area has lush vegetation because of all the farming fields and its geography offers beautiful landscapes. The main activity in this community is raising animals, farming, and many of its residents work different jobs in the city of Cuenca. The members of this group, as well as all of the townspeople, are kind, amiable, and, most of all, fighters who work very hard every day in order to give their children the best. They also still keep their culture and traditions alive.

Clara is one of the members of this group. She and her friends and fellow members of the Mira communal bank are on their third loan. She likes this type of lending because the loans are short-term and help their small businesses grow.

Clara is 28 years old and is a single mother. Her two children are ages nine and five, and go to a small local school. She doesn't own a home, which is why she lives in her parents' house and shares household expenses with them.

Clara takes care of her children and works hard daily in the fields. She raises Guinea pigs, chickens, pigs, and cattle, and sells their milk. She also farms, so whatever she harvests is consumed at home and when there is a surplus she sells it.

She is going to invest this new loan in purchasing fertilizer in order to improve her pastures, and also in buying feed for her animals. Her goal is to have more and better quality cattle.
View original language description ↓
Mira es un banco comunal que está formado por 7 amigas y vecinas que viven por la parroquia Zhidmad en Cuenca, lugar que goza de mucha vegetación por los campos cultivados y su geografía que nos regalan hermoso paisajes, la actividad principal de esta población es la crianza de animales, la agricultura y muchos laboran en la ciudad de Cuenca en diferentes actividades. Las socias al igual que toda su gente son personas amables, gentiles y sobre todo muy luchadoras que todos los días trabajan muy duro para darles lo mejor a sus hijos, aun mantienen su cultura y sus tradiciones.

Una de las socias de este grupo es la Señora Clara, se encuentra realizando su tercer crédito a lado de sus amigas y compañeras del banco comunal Mira, le gusta esta forma de créditos ya que son a corto plazo y les ayuda a crecer en sus pequeñas actividades económicas.

La señora Clara tiene 28 años de edad, es madre soltera de 2 hijos de 9 y 5 años que estudian en una escuelita de la localidad, no tiene casa propia por lo que vive en casa de sus padres con quienes comparten los gastos de la casa.

Doña Clara cuida de sus hijos y trabaja a diario en la dura tarea del campo, cría cuyes, gallinas, cerdos y ganado del que vende su leche, también se dedica a la agricultura y lo que cosecha es para el consumo de su casa y si existe un sobrante lo vende.

Su nuevo crédito lo va a invertir en la compra de abono para el mejoramiento de sus potreros y también para la compra de alimento para sus animales.

Su meta es tener más ganado de mejor calidad.

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
  • 54
    View loans »
    Ecuador Loans Fundraising
  • $23,490,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mira (Cuenca) Group's $2,025 loan helped a member to purchase fertilizer and animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
Jun 3, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013