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3 De Noviembre  (Cuenca) Group
In this Group: María Rosa Marina, Deicy Beatriz, Rosario, María De Los Dolores, María Etelvina, Digna Eulalia, María Auxiliadora*, Ana Lucia, Luz Bertha, Ana Lourdes
* not pictured
The "3 de Noviembre" communal bank is comprised of 10 women who live in the surrounding area of the Cumbe parish in Cuenca. This area has a cold climate and is surrounded by a variety of vegetation and green fields. Its architecture is a mixture of colonial and modern. Many of the people work the land by raising animals and completing agricultural work. They also work in the city in a variety of jobs.

One of the members of this group is Rosario, who has been a member for 13 years. During this time, she has been able to establish a better friendship with her friends in the community and become more supportive. The loans have helped her to stay in business.

At 57 years old, Rosario is married and has three adult children who are married and live on their own. Her husband works in construction as a bricklayer. They live in their own home.

Rosario works in the fields, which she learned from her parents. She raises and sells chickens, guinea pigs, and sheep. She then sells them in the community. She also has cattle, which she uses to sell milk. She also works in agriculture. The crops she harvests are used for household consumption.

She will invest the money from this loan into buying animal feed and fertilizer for her pastures. Her goal is to have more cattle of a better quality.
View original language description ↓
El banco comunal 3 de Noviembre está conformada por 10 mujeres quienes viven por los alrededores de la parroquia de Cumbe en Cuenca, esta parroquia es de clima frió, esta rodea de mucha vegetación y verdes campos, su arquitectura es una mezcla de lo colonial y lo moderno. Su gente trabaja en especial en tareas del campo como la crianza de animales y la agricultura, también trabajan en la ciudad en diferentes actividades económicas.

Una de las socias de este grupo es la Señora. Rosario, forma parte del banco comunal 3 de Noviembre desde hace 13 años, en todo este tiempo ha logrado establecer una mejor amistad con sus amigas de la comunidad y ser más solidarias, los créditos le han ayudado para continuar con su negocio.

Doña Rosario tiene 57 años, es casada y fruto de su unión conyugal ha concebido 3 hijos que son mayores de edad, están casados y viven independientes. Su esposo labora en el área de la construcción como albañil, la casa en la que vive es propia.

Ella se dedica a las tareas del campo actividad aprendió de sus padres, cría y vende gallinas, cuyes y ovejas que las vende en su comunidad, tiene ganado del cual vende la leche. También se dedica a la agricultura y lo que cosecha es para el consumo de su hogar.

El dinero de su crédito va a invertir para la compra de abono para sus potreros y alimento para sus animales.

Su meta es tener más ganado y 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
  • 16
    View loans »
    Ecuador Loans Fundraising
  • $22,607,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 3 De Noviembre (Cuenca) Group's $5,050 loan helped a member to buy fertilizer and animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2013
Listed
Jun 23, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014