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Camino A La Esperanza  (Cuenca) Group
In this Group: María Dolores, Sara Magdalena, María Luzmila, Dolores De Jesús, Rosa Elvira, Verónica Lourdes, Angelita Rosario, Julia Germania
The communal bank Camino a la Esperanza (Road to Hope) is made up of eight members who live in the surrounding areas of the Santa Ana en Cuenca parish. This parish enjoys a cold climate and is surrounded by a lot of vegetation and green fields. Its architecture is a mix of modern and old. Its people have a big heart and with a lot of effort they improve the finances of their homes in order to get ahead in life with their families. They work mainly in the fields and also in the city in different jobs.

One of the members of this group is Señora Rosa. She is getting her second loan alongside of her friends and partners in the credit group Camino a la Esperanza. She likes this form of loans because it gives her the opportunity to invest in her business.

Doña Rosa is 40 years old and a single mother of two children who are seven and 17 years old. Her first son is in high school and her second son studies in the little school in town. The house they live in is their own.

For ten years, Señora Rosa has been the proprietor of a grocery store where she works from Monday to Sunday without a fixed schedule. She also makes a living raising and selling pigs, guinea pigs, chicken, and cattle. Agriculture is another task that occupies her time, and what she harvests is only for the consumption of her home.

The money from the loan will be invested in the purchase of supplies in order to continue growing her business. Her dream is to have greater capital in order to sell everything wholesale.
View original language description ↓
El banco comunal Camino a la Esperanza está formado por 8 socias quienes viven por los alrededores de la parroquia Santa Ana en Cuenca, esta parroquia goza de un clima frió y se encentra rodeada de mucha vegetación y verdes campos, su arquitectura es una mezcla de lo moderno y lo antiguo, su gente tiene un gran corazón y con su esfuerzo mejoran la economía de sus hogares para salir adelante con sus familias, trabajan especialmente en el campo y también laboran en la ciudad en diferentes actividades económicas.

Una de las socias de este grupo es la Señora. Rosa, está realizando su segundo crédito a lado de sus amigas y compañeras del grupo de crédito Camino a la Esperanza, le gusta esta forma de créditos porque le dan la oportunidad de invertir en su negocio.

Doña Rosa tiene 40 años, es madre soltera de dos hijos de 17 y 7 años, su primer hijo está en el colegio y su segundo hijo estudia en una escuelita de la localidad. La casa en la que viven es propia.

La Señora. Rosa desde hace 10 años es propietaria de una tienda de comestibles en la cual labora de lunes a domingo sin un horario fijo. También se dedica a la cría y venta de cerdos, cuyes, pollos y ganado, la agricultura es otra actividad que ocupa su tiempo y lo que cosecha es solo para el consumo de su hogar.

El dinero de su crédito lo va a invertir en la compra de víveres para seguir creciendo en su negocio.

Su sueño es tener un mayor capital para vender todo al por mayor.

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
  • 57
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Camino A La Esperanza (Cuenca) Group's $3,800 loan helped a member to buy supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2013
Listed
Jun 22, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014