Check out some available loans that are similar to this one!
Vegaspamba  (Cuenca) Group
In this Group: Zoila Elena, Lus María, Flor Ermencia, Carmen Amelia, María Eugenia, Rosa Elena, Rosa Balvina, Diana Lucia, María Ines, María Rosa, María Mercedes
The Vegaspamba communal bank is made up of 11 members. They are neighbors and friends from the same community, which belongs to the parish of Jadan in Cuenca. This area has a cold climate, lush vegetation, and green fields. Its architecture is a mix of old-fashioned and modern. Its people work in agriculture, raising animals, and artisan crafts, such as making rope. Some of them go out to the city every day for business. They still keep their culture and traditions alive.

One of the members of this group is Rosa Balvina. She is a founding member of the Vegaspamba communal bank. She likes this type of loans because they give her the opportunity to grow her business and spend time with her friends and neighbors at the same time.

Rosa Balvina, 62, is a widow. She has six children from her marriage. They are adults who are married and live independently. She lives with her grandson, whom she has raised since he was a baby. He is now 14 and is studying in a secondary school in the town. She does not have her own house, so she lives in a house which belongs to someone else.

Rosa Balvina raises lambs, chickens, and calves. She also works in agriculture to feed her household, and if there is extra, she sells it. She still has not given up the work which she learned from her parents, which is making rope.

She will invest this loan in the purchase of animal feed and nylon to make rope.

Her goal is to continue growing her business.
View original language description ↓
El grupo de crédito Vegaspamba está formado por 11 socias quienes son vecinas y amigas de una misma comunidad que pertenece a la parroquia de Jadan en Cuenca, este lugar es de clima frió, tiene exuberante vegetación y verdes campos, su arquitectura es una mezcla de la antiguo y lo modernos. Su gente se dedica a la agricultura, crianza de animales y artesanías como es la elaboración de sogas, algunos salen diariamente a la ciudad a ejercer diferentes actividades económicas. Aun mantener viva su cultura y tradiciones.

Una de las socias de este grupo es la Señora. Rosa Balvina, es una socia fundadora del grupo de crédito Vegaspamba, le gusta esta forma de créditos porque le dan la oportunidad de crecer en su actividad económica y a su vez compartir un tiempo con sus amigas y vecinas.

La Señora Rosa Balvina tiene 62 años, es viuda pero en su unión conyugal ha concebido 6 hijos mayores de edad que están casados y viven independientes, ella vive con un nieto a quien lo crio desde que era un bebe, ahora el tiene 14 años y está estudiando en un colegio de la localidad. No tiene casa propia por o que vive en una casa prestada.

Doña Rosa Balvina se dedica a la cría de borregos, gallinas y becerros, también se dedica a la agricultura la cual es para el consumo de su hogar y si existe un sobrante lo vende. Aun no ha perdido el oficio que aprendió de sus padres el cual es la elaboración de soga.

El dinero de su crédito lo va a invertir en la compra de alimento para sus animales y
Nylon para la elaboración de sogas.

Su meta es continuar creciendo en su actividad económica.

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.

Tags

About Ecuador

  • $10,200
    Average annual income
  • 81
    View loans »
    Ecuador Loans Fundraising
  • $23,931,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Vegaspamba (Cuenca) Group's $4,650 loan helped a member to buy animal feed and nylon.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2013
Listed
Jun 29, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014